Commodity ratio · live
Wheat Futures to Palladium Ratio
The wheat futures to palladium ratio is 0.5126 — Wheat Futures at $694.15 per Ounce divided by Palladium at $1,354.30 per Troy Ounce.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Palladium ratio
1.000 Oz of wheat futures = 0.5126 T.oz of palladium
Inverse (PA/ZW-FUT): 1.951 — one Troy Ounce of palladium buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
Wheat Futures
$694.15
per Ounce
Palladium
$1,354.30
per Troy Ounce
Unit basis: USD per Ounce ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of palladium per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 12:24:12 GMT.
1Y average
0.3992
median 0.3914
1Y low
0.2420
Jan 26, 2026
1Y high
0.5615
Jul 23, 2026
Normal band
0.3271–0.4713
mean ± 1 std dev
Deviation from mean
+1.57σ
301 observations
Wheat Futures to Palladium ratio charts
Pick a range once — it applies to the ZW-FUT/PA ratio line, the OHLC candles and the Wheat Futures / Palladium price chart below.
ZW-FUT/PA ratio line
How many T.oz of Palladium one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/PA ratio candles
Open, high, low and close of the ZW-FUT/PA ratio for each period in the last 1Y.
Wheat Futures and Palladium 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 palladium ratio
Wheat Futures to Palladium ratio = Wheat Futures price per Ounce ÷ Palladium price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of palladium per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $694.15 ÷ $1,354.30 = 0.5126. The inverse is 1.951.
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 palladium ratio today?
The wheat futures to palladium ratio is 0.5126 — Wheat Futures at $694.15 per Ounce divided by Palladium at $1,354.30 per Troy Ounce, from live mid-market prices.
How do you calculate the wheat futures to palladium ratio?
Divide the wheat futures price per Ounce by the palladium price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of palladium per Ounce of wheat futures.
What is the inverse of the wheat futures to palladium ratio?
The inverse, palladium to wheat futures, is 1.951 — how many Ounces of wheat futures one Troy Ounce of palladium buys.