Commodity ratio · live
Cocoa to Wheat Futures Ratio
The cocoa to wheat futures ratio is 8.499 — Cocoa at $5,906.19 per Metric Ton divided by Wheat Futures at $694.92 per Ounce.
Prices as of Aug 24, 2026, 11:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cocoa to Wheat Futures ratio
1.000 T of cocoa = 8.499 Oz of wheat futures
Inverse (ZW-FUT/CC): 0.1177 — one Ounce of wheat futures buys that much cocoa.
Close to the middle of its 1 year range. (52th percentile of the last 1 year)
Cocoa
$5,906.19
per Metric Ton
Wheat Futures
$694.92
per Ounce
Unit basis: USD per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of cocoa. Prices as of Mon, 24 Aug 2026 11:29:27 GMT.
1Y average
8.594
median 8.443
1Y low
0.001731
Nov 25, 2025
1Y high
16.04
Aug 24, 2025
Normal band
5.917–11.27
mean ± 1 std dev
Deviation from mean
-0.04σ
327 observations
Cocoa to Wheat Futures ratio charts
Pick a range once — it applies to the CC/ZW-FUT ratio line, the OHLC candles and the Cocoa / Wheat Futures price chart below.
CC/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Cocoa buys, over 1Y.
CC/ZW-FUT ratio candles
Open, high, low and close of the CC/ZW-FUT ratio for each period in the last 1Y.
Cocoa and Wheat Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cocoa to wheat futures ratio
Cocoa to Wheat Futures ratio = Cocoa price per Metric Ton ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Metric Ton of cocoa — rather than a plain count.
Worked example, live prices: $5,906.19 ÷ $694.92 = 8.499. The inverse is 0.1177.
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 cocoa to wheat futures ratio today?
The cocoa to wheat futures ratio is 8.499 — Cocoa at $5,906.19 per Metric Ton divided by Wheat Futures at $694.92 per Ounce, from live mid-market prices.
How do you calculate the cocoa to wheat futures ratio?
Divide the cocoa price per Metric Ton by the wheat futures price per Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Ounces of wheat futures per Metric Ton of cocoa.
What is the inverse of the cocoa to wheat futures ratio?
The inverse, wheat futures to cocoa, is 0.1177 — how many Metric Tons of cocoa one Ounce of wheat futures buys.