Commodity ratio · live
Wheat Futures to Lamb Ratio
The wheat futures to lamb ratio is 1.028 — Wheat Futures at $695.06 per Ounce divided by Lamb at $676.41 per Kilogram.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Lamb ratio
1.000 Oz of wheat futures = 1.028 kg of lamb
Inverse (LAMB/ZW-FUT): 0.9732 — one Kilogram of lamb buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Wheat Futures
$695.06
per Ounce
Lamb
$676.41
per Kilogram
Unit basis: USD per Ounce ÷ USD per Kilogram. The ratio reads as Kilograms of lamb per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 11:34:27 GMT.
1Y average
0.9793
median 0.9871
1Y low
0.9334
Aug 6, 2026
1Y high
1.018
Aug 20, 2026
Normal band
0.9534–1.005
mean ± 1 std dev
Deviation from mean
+1.86σ
13 observations
Wheat Futures to Lamb ratio charts
Pick a range once — it applies to the ZW-FUT/LAMB ratio line, the OHLC candles and the Wheat Futures / Lamb price chart below.
ZW-FUT/LAMB ratio line
How many kg of Lamb one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/LAMB ratio candles
Open, high, low and close of the ZW-FUT/LAMB ratio for each period in the last 1Y.
Wheat Futures and Lamb 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 lamb ratio
Wheat Futures to Lamb ratio = Wheat Futures price per Ounce ÷ Lamb price per Kilogram
The two legs use different units, so the result is a rate — Kilograms of lamb per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $695.06 ÷ $676.41 = 1.028. The inverse is 0.9732.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the wheat futures to lamb ratio today?
The wheat futures to lamb ratio is 1.028 — Wheat Futures at $695.06 per Ounce divided by Lamb at $676.41 per Kilogram, from live mid-market prices.
How do you calculate the wheat futures to lamb ratio?
Divide the wheat futures price per Ounce by the lamb price per Kilogram. If the two units differ, the result is a rate rather than a plain count — read it as Kilograms of lamb per Ounce of wheat futures.
What is the inverse of the wheat futures to lamb ratio?
The inverse, lamb to wheat futures, is 0.9732 — how many Ounces of wheat futures one Kilogram of lamb buys.