Commodity ratio · live
Cobalt to Wheat Futures Ratio
The cobalt to wheat futures ratio is 81.18 — Cobalt at $56,290.00 per Metric Ton divided by Wheat Futures at $693.40 per Ounce.
Prices as of Aug 24, 2026, 12:22 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cobalt to Wheat Futures ratio
1.000 T of cobalt = 81.180 Oz of wheat futures
Inverse (ZW-FUT/COB): 0.01232 — one Ounce of wheat futures buys that much cobalt.
Below its 1 year average. (10th percentile of the last 1 year)
Cobalt
$56,290.00
per Metric Ton
Wheat Futures
$693.40
per Ounce
Unit basis: USD per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of cobalt. Prices as of Mon, 24 Aug 2026 12:22:52 GMT.
1Y average
91.84
median 92.92
1Y low
62.23
Sep 14, 2025
1Y high
110.8
Jan 21, 2026
Normal band
81.46–102.2
mean ± 1 std dev
Deviation from mean
-1.03σ
327 observations
Cobalt to Wheat Futures ratio charts
Pick a range once — it applies to the COB/ZW-FUT ratio line, the OHLC candles and the Cobalt / Wheat Futures price chart below.
COB/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Cobalt buys, over 1Y.
COB/ZW-FUT ratio candles
Open, high, low and close of the COB/ZW-FUT ratio for each period in the last 1Y.
Cobalt 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 cobalt to wheat futures ratio
Cobalt to Wheat Futures ratio = Cobalt 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 cobalt — rather than a plain count.
Worked example, live prices: $56,290.00 ÷ $693.40 = 81.18. The inverse is 0.01232.
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 cobalt to wheat futures ratio today?
The cobalt to wheat futures ratio is 81.18 — Cobalt at $56,290.00 per Metric Ton divided by Wheat Futures at $693.40 per Ounce, from live mid-market prices.
How do you calculate the cobalt to wheat futures ratio?
Divide the cobalt 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 cobalt.
What is the inverse of the cobalt to wheat futures ratio?
The inverse, wheat futures to cobalt, is 0.01232 — how many Metric Tons of cobalt one Ounce of wheat futures buys.