Commodity ratio · live
Cotton to Wheat Futures Ratio
The cotton to wheat futures ratio is 0.001183 — Cotton at $0.8600 per Pound divided by Wheat Futures at $726.79 per Ounce.
Prices as of Sep 17, 2026, 12:02 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Wheat Futures ratio
1.000 Lb of cotton = 0.001183 Oz of wheat futures
Inverse (ZW-FUT/CT): 845.1 — one Ounce of wheat futures buys that much cotton.
Below its 1 year average. (17th percentile of the last 1 year)
Cotton
$0.8600
per Pound
Wheat Futures
$726.79
per Ounce
Unit basis: USD per Pound ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Pound of cotton. Prices as of Thu, 17 Sep 2026 00:02:11 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
0.001247
median 0.001255
1Y low
0.001052
Mar 5, 2026
1Y high
0.001422
May 6, 2026
Normal band
0.001182–0.001312
mean ± 1 std dev
Deviation from mean
-0.98σ
252 observations
Cotton to Wheat Futures ratio charts
Pick a range once — it applies to the CT/ZW-FUT ratio line, the OHLC candles and the Cotton / Wheat Futures price chart below.
CT/ZW-FUT ratio line
How many Oz of Wheat Futures one Lb of Cotton buys, over 1Y.
CT/ZW-FUT ratio candles
Open, high, low and close of the CT/ZW-FUT ratio for each period in the last 1Y.
Cotton 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 cotton to wheat futures ratio
Cotton to Wheat Futures ratio = Cotton price per Pound ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Pound of cotton — rather than a plain count.
Worked example, live prices: $0.8600 ÷ $726.79 = 0.001183. The inverse is 845.1.
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 | 4283.59 |
| 2 | XAG | Silver | 63.37 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 101.53 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 105.05 |
| 5 | NG-FUT | Natural Gas Futures | 2.89 |
| 6 | PL | Platinum | 1770.16 |
| 7 | PA | Palladium | 1293.80 |
Frequently asked questions
What is the cotton to wheat futures ratio today?
The cotton to wheat futures ratio is 0.001183 — Cotton at $0.8600 per Pound divided by Wheat Futures at $726.79 per Ounce, from live mid-market prices.
How do you calculate the cotton to wheat futures ratio?
Divide the cotton price per Pound 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 Pound of cotton.
What is the inverse of the cotton to wheat futures ratio?
The inverse, wheat futures to cotton, is 845.1 — how many Pounds of cotton one Ounce of wheat futures buys.