Commodity ratio · live
Wheat Futures to Tellurium Ratio
The wheat futures to tellurium ratio is 0.8619 — Wheat Futures at $693.86 per Ounce divided by Tellurium at $805.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:21 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Tellurium ratio
1.000 Oz of wheat futures = 0.8619 T of tellurium
Inverse (TEL/ZW-FUT): 1.160 — one Metric Ton of tellurium buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
Wheat Futures
$693.86
per Ounce
Tellurium
$805.00
per Metric Ton
Unit basis: USD per Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of tellurium per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 12:21:13 GMT.
1Y average
0.7647
median 0.7617
1Y low
0.6740
Dec 18, 2025
1Y high
0.9199
Sep 16, 2025
Normal band
0.7086–0.8208
mean ± 1 std dev
Deviation from mean
+1.73σ
308 observations
Wheat Futures to Tellurium ratio charts
Pick a range once — it applies to the ZW-FUT/TEL ratio line, the OHLC candles and the Wheat Futures / Tellurium price chart below.
ZW-FUT/TEL ratio line
How many T of Tellurium one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/TEL ratio candles
Open, high, low and close of the ZW-FUT/TEL ratio for each period in the last 1Y.
Wheat Futures and Tellurium 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 tellurium ratio
Wheat Futures to Tellurium ratio = Wheat Futures price per Ounce ÷ Tellurium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of tellurium per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $693.86 ÷ $805.00 = 0.8619. The inverse is 1.160.
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 tellurium ratio today?
The wheat futures to tellurium ratio is 0.8619 — Wheat Futures at $693.86 per Ounce divided by Tellurium at $805.00 per Metric Ton, from live mid-market prices.
How do you calculate the wheat futures to tellurium ratio?
Divide the wheat futures price per Ounce by the tellurium 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 tellurium per Ounce of wheat futures.
What is the inverse of the wheat futures to tellurium ratio?
The inverse, tellurium to wheat futures, is 1.160 — how many Ounces of wheat futures one Metric Ton of tellurium buys.