Commodity ratio · live
Wheat Futures to Iron Ore Ratio
The wheat futures to iron ore ratio is 6.832 — Wheat Futures at $694.15 per Ounce divided by Iron Ore at $101.60 per Metric Ton.
Prices as of Aug 24, 2026, 12:25 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Iron Ore ratio
1.000 Oz of wheat futures = 6.832 T of iron ore
Inverse (IORECR/ZW-FUT): 0.1464 — one Metric Ton of iron ore buys that much wheat futures.
Wheat Futures
$694.15
per Ounce
Iron Ore
$101.60
per Metric Ton
Unit basis: USD per Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 12:25:35 GMT.
Wheat Futures to Iron Ore ratio charts
Pick a range once — it applies to the ZW-FUT/IORECR ratio line, the OHLC candles and the Wheat Futures / Iron Ore price chart below.
ZW-FUT/IORECR ratio line
How many T of Iron Ore one Oz of Wheat Futures buys, over 1Y.
No overlapping history for ZW-FUT/IORECR over 1Y. Try a longer range.
ZW-FUT/IORECR ratio candles
Open, high, low and close of the ZW-FUT/IORECR ratio for each period in the last 1Y.
No overlapping history for ZW-FUT/IORECR over 1Y. Try a longer range.
Wheat Futures and Iron Ore 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 iron ore ratio
Wheat Futures to Iron Ore ratio = Wheat Futures price per Ounce ÷ Iron Ore price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $694.15 ÷ $101.60 = 6.832. The inverse is 0.1464.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the wheat futures to iron ore ratio today?
The wheat futures to iron ore ratio is 6.832 — Wheat Futures at $694.15 per Ounce divided by Iron Ore at $101.60 per Metric Ton, from live mid-market prices.
How do you calculate the wheat futures to iron ore ratio?
Divide the wheat futures price per Ounce by the iron ore 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 iron ore per Ounce of wheat futures.
What is the inverse of the wheat futures to iron ore ratio?
The inverse, iron ore to wheat futures, is 0.1464 — how many Ounces of wheat futures one Metric Ton of iron ore buys.