Commodity ratio · live
Wheat Futures to Iron Ore 62% FE Ratio
The wheat futures to iron ore 62% fe ratio is 7.295 — Wheat Futures at $695.04 per Ounce divided by Iron Ore 62% FE at $95.28 per Metric Ton.
Prices as of Aug 24, 2026, 11:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Iron Ore 62% FE ratio
1.000 Oz of wheat futures = 7.295 T of iron ore 62% fe
Inverse (TIOC/ZW-FUT): 0.1371 — one Metric Ton of iron ore 62% fe buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Wheat Futures
$695.04
per Ounce
Iron Ore 62% FE
$95.28
per Metric Ton
Unit basis: USD per Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore 62% fe per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 11:35:58 GMT.
1Y average
5.491
median 5.421
1Y low
4.646
Oct 13, 2025
1Y high
7.340
Aug 20, 2026
Normal band
4.844–6.139
mean ± 1 std dev
Deviation from mean
+2.78σ
197 observations
Wheat Futures to Iron Ore 62% FE ratio charts
Pick a range once — it applies to the ZW-FUT/TIOC ratio line, the OHLC candles and the Wheat Futures / Iron Ore 62% FE price chart below.
ZW-FUT/TIOC ratio line
How many T of Iron Ore 62% FE one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/TIOC ratio candles
Open, high, low and close of the ZW-FUT/TIOC ratio for each period in the last 1Y.
Wheat Futures and Iron Ore 62% FE 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 iron ore 62% fe ratio
Wheat Futures to Iron Ore 62% FE ratio = Wheat Futures price per Ounce ÷ Iron Ore 62% FE price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore 62% fe per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $695.04 ÷ $95.28 = 7.295. The inverse is 0.1371.
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 iron ore 62% fe ratio today?
The wheat futures to iron ore 62% fe ratio is 7.295 — Wheat Futures at $695.04 per Ounce divided by Iron Ore 62% FE at $95.28 per Metric Ton, from live mid-market prices.
How do you calculate the wheat futures to iron ore 62% fe ratio?
Divide the wheat futures price per Ounce by the iron ore 62% fe 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 iron ore 62% fe per Ounce of wheat futures.
What is the inverse of the wheat futures to iron ore 62% fe ratio?
The inverse, iron ore 62% fe to wheat futures, is 0.1371 — how many Ounces of wheat futures one Metric Ton of iron ore 62% fe buys.