Commodity ratio · live
Wheat Futures to Nickel Futures Ratio
The wheat futures to nickel futures ratio is 0.04080 — Wheat Futures at $693.39 per Ounce divided by Nickel Futures at $16,995.38 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 Nickel Futures ratio
1.000 Oz of wheat futures = 0.04080 T of nickel futures
Inverse (NICKEL-FUT/ZW-FUT): 24.51 — one Metric Ton of nickel 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
$693.39
per Ounce
Nickel Futures
$16,995.38
per Metric Ton
Unit basis: USD per Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 10:38:25 GMT.
1Y average
0.03418
median 0.03416
1Y low
0.02715
Jan 6, 2026
1Y high
0.04134
Jul 22, 2026
Normal band
0.03141–0.03696
mean ± 1 std dev
Deviation from mean
+2.38σ
328 observations
Wheat Futures to Nickel Futures ratio charts
Pick a range once — it applies to the ZW-FUT/NICKEL-FUT ratio line, the OHLC candles and the Wheat Futures / Nickel Futures price chart below.
ZW-FUT/NICKEL-FUT ratio line
How many T of Nickel Futures one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/NICKEL-FUT ratio candles
Open, high, low and close of the ZW-FUT/NICKEL-FUT ratio for each period in the last 1Y.
Wheat Futures and Nickel 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 nickel futures ratio
Wheat Futures to Nickel Futures ratio = Wheat Futures price per Ounce ÷ Nickel Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of nickel futures per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $693.39 ÷ $16,995.38 = 0.04080. The inverse is 24.51.
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 nickel futures ratio today?
The wheat futures to nickel futures ratio is 0.04080 — Wheat Futures at $693.39 per Ounce divided by Nickel Futures at $16,995.38 per Metric Ton, from live mid-market prices.
How do you calculate the wheat futures to nickel futures ratio?
Divide the wheat futures price per Ounce by the nickel futures 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 nickel futures per Ounce of wheat futures.
What is the inverse of the wheat futures to nickel futures ratio?
The inverse, nickel futures to wheat futures, is 24.51 — how many Ounces of wheat futures one Metric Ton of nickel futures buys.