Commodity ratio · live
Wheat Futures to Lumber Futures Ratio
The wheat futures to lumber futures ratio is 1.210 — Wheat Futures at $693.90 per Ounce divided by Lumber Futures at $573.54 per Thousand Board Feet.
Prices as of Aug 24, 2026, 12:26 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Lumber Futures ratio
1.000 Oz of wheat futures = 1.210 Mbf of lumber futures
Inverse (LB-FUT/ZW-FUT): 0.8265 — one Thousand Board Feet of lumber futures buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Wheat Futures
$693.90
per Ounce
Lumber Futures
$573.54
per Thousand Board Feet
Unit basis: USD per Ounce ÷ USD per Thousand Board Feet. The ratio reads as Thousand Board Feets of lumber futures per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 12:26:11 GMT.
1Y average
0.9847
median 0.9854
1Y low
0.7767
Oct 12, 2025
1Y high
1.214
Aug 15, 2026
Normal band
0.8992–1.070
mean ± 1 std dev
Deviation from mean
+2.63σ
327 observations
Wheat Futures to Lumber Futures ratio charts
Pick a range once — it applies to the ZW-FUT/LB-FUT ratio line, the OHLC candles and the Wheat Futures / Lumber Futures price chart below.
ZW-FUT/LB-FUT ratio line
How many Mbf of Lumber Futures one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/LB-FUT ratio candles
Open, high, low and close of the ZW-FUT/LB-FUT ratio for each period in the last 1Y.
Wheat Futures and Lumber Futures 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 lumber futures ratio
Wheat Futures to Lumber Futures ratio = Wheat Futures price per Ounce ÷ Lumber Futures price per Thousand Board Feet
The two legs use different units, so the result is a rate — Thousand Board Feets of lumber futures per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $693.90 ÷ $573.54 = 1.210. The inverse is 0.8265.
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 lumber futures ratio today?
The wheat futures to lumber futures ratio is 1.210 — Wheat Futures at $693.90 per Ounce divided by Lumber Futures at $573.54 per Thousand Board Feet, from live mid-market prices.
How do you calculate the wheat futures to lumber futures ratio?
Divide the wheat futures price per Ounce by the lumber futures price per Thousand Board Feet. If the two units differ, the result is a rate rather than a plain count — read it as Thousand Board Feets of lumber futures per Ounce of wheat futures.
What is the inverse of the wheat futures to lumber futures ratio?
The inverse, lumber futures to wheat futures, is 0.8265 — how many Ounces of wheat futures one Thousand Board Feet of lumber futures buys.