Commodity ratio · live
Cotton to Lumber Futures Ratio
The cotton to lumber futures ratio is 0.001570 — Cotton at $0.8400 per pound divided by Lumber Futures at $535.00 per thousand board feet.
Prices as of Sep 22, 2026, 9:40 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Lumber Futures ratio
1.000 lb of cotton = 0.001570 Mbf of lumber futures
Inverse (LB-FUT/CT): 636.9 — one thousand board feet of lumber futures buys that much cotton.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
Cotton
$0.8400
per pound
Lumber Futures
$535.00
per thousand board feet
Unit basis: USD per pound ÷ USD per thousand board feet. The two legs are priced per different things — dollars per pound against dollars per thousand board feet — so the result is a rate: thousand board feets of lumber futures per pound of cotton, not a plain count. Prices as of Tue, 22 Sep 2026 09:40:46 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
0.001254
median 0.001223
1Y low
0.001014
Oct 15, 2025
1Y high
0.001694
Aug 28, 2026
Normal band
0.001105–0.001404
mean ± 1 std dev
Deviation from mean
+2.11σ
252 observations
Cotton to Lumber Futures ratio charts
Pick a range once — it applies to the CT/LB-FUT ratio line, the OHLC candles and the Cotton / Lumber Futures price chart below.
CT/LB-FUT ratio line
How many Mbf of Lumber Futures one lb of Cotton buys, over 1Y.
CT/LB-FUT ratio candles
Open, high, low and close of the CT/LB-FUT ratio for each period in the last 1Y.
Cotton and Lumber Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cotton to lumber futures ratio
Cotton to Lumber Futures ratio = Cotton price in USD per pound ÷ Lumber Futures price in USD per thousand board feet
The two legs are priced per different things — dollars per pound against dollars per thousand board feet — so the result is a rate: thousand board feets of lumber futures per pound of cotton, not a plain count.
Worked example, live prices: $0.8400 per pound ÷ $535.00 per thousand board feet = 0.001570. The inverse is 636.9.
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 | 4313.61 |
| 2 | XAG | Silver | 65.29 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 91.04 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 99.40 |
| 5 | NG-FUT | Natural Gas Futures | 2.84 |
| 6 | PL | Platinum | 1791.79 |
| 7 | PA | Palladium | 1292.50 |
Frequently asked questions
What is the cotton to lumber futures ratio today?
The cotton to lumber futures ratio is 0.001570 — Cotton at $0.8400 per pound divided by Lumber Futures at $535.00 per thousand board feet, from live mid-market prices.
How do you calculate the cotton to lumber futures ratio?
Divide the cotton price per pound by the lumber futures price per thousand board feet. The two legs are priced per different things — dollars per pound against dollars per thousand board feet — so the result is a rate: thousand board feets of lumber futures per pound of cotton, not a plain count.
What is the inverse of the cotton to lumber futures ratio?
The inverse, lumber futures to cotton, is 636.9 — how many pounds of cotton one thousand board feet of lumber futures buys.