Commodity ratio · live
Wheat Futures to Hot-Rolled Coil Steel Ratio
The wheat futures to hot-rolled coil steel ratio is 0.5792 — Wheat Futures at $693.39 per Ounce divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Hot-Rolled Coil Steel ratio
1.000 Oz of wheat futures = 0.5792 T of hot-rolled coil steel
Inverse (HRC-STEEL/ZW-FUT): 1.726 — one Metric Ton of hot-rolled coil steel buys that much wheat futures.
Close to the middle of its 1 year range. (69th percentile of the last 1 year)
Wheat Futures
$693.39
per Ounce
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Unit basis: USD per Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 10:38:24 GMT.
1Y average
0.5671
median 0.5626
1Y low
0.4768
Jun 29, 2026
1Y high
0.6733
Aug 24, 2025
Normal band
0.5250–0.6093
mean ± 1 std dev
Deviation from mean
+0.29σ
327 observations
Wheat Futures to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the ZW-FUT/HRC-STEEL ratio line, the OHLC candles and the Wheat Futures / Hot-Rolled Coil Steel price chart below.
ZW-FUT/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/HRC-STEEL ratio candles
Open, high, low and close of the ZW-FUT/HRC-STEEL ratio for each period in the last 1Y.
Wheat Futures and Hot-Rolled Coil Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the wheat futures to hot-rolled coil steel ratio
Wheat Futures to Hot-Rolled Coil Steel ratio = Wheat Futures price per Ounce ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $693.39 ÷ $1,197.06 = 0.5792. The inverse is 1.726.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the wheat futures to hot-rolled coil steel ratio today?
The wheat futures to hot-rolled coil steel ratio is 0.5792 — Wheat Futures at $693.39 per Ounce divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton, from live mid-market prices.
How do you calculate the wheat futures to hot-rolled coil steel ratio?
Divide the wheat futures price per Ounce by the hot-rolled coil steel price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of hot-rolled coil steel per Ounce of wheat futures.
What is the inverse of the wheat futures to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to wheat futures, is 1.726 — how many Ounces of wheat futures one Metric Ton of hot-rolled coil steel buys.