Commodity ratio · live
Cotton to Wheat Futures Ratio
The cotton to wheat futures ratio is 0.00007345 — Cotton at $1.87 per kilogram divided by Wheat Futures at $25,512.95 per kilogram.
Cotton is quoted per pound and wheat futures per ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 22, 2026, 7:00 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Wheat Futures ratio
1.000 kg of cotton = 0.00007345 kg of wheat futures
Inverse (ZW-FUT/CT): 13615 — one kilogram of wheat futures buys that much cotton.
Below its 1 year average. (16th percentile of the last 1 year)
Cotton
$1.87
per kilogram
Wheat Futures
$25,512.95
per kilogram
Unit basis: USD per kilogram ÷ USD per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number. Prices as of Tue, 22 Sep 2026 07:00:16 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Cotton is quoted per pound and wheat futures per ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
0.00007781
median 0.00007836
1Y low
0.00006576
Mar 5, 2026
1Y high
0.00008889
May 6, 2026
Normal band
0.00007372–0.00008191
mean ± 1 std dev
Deviation from mean
-1.06σ
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 kg of Wheat Futures one kg 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 in USD per kilogram ÷ Wheat Futures price in USD per kilogram
Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
Cotton is quoted per pound and wheat futures per ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $1.87 per kilogram ÷ $25,512.95 per kilogram = 0.00007345. The inverse is 13615.
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 | 4338.18 |
| 2 | XAG | Silver | 66.42 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 89.50 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 98.70 |
| 5 | NG-FUT | Natural Gas Futures | 3.02 |
| 6 | PL | 1818.02 | |
| 7 | PA | 1303.30 |
Frequently asked questions
What is the cotton to wheat futures ratio today?
The cotton to wheat futures ratio is 0.00007345 — Cotton at $1.87 per kilogram divided by Wheat Futures at $25,512.95 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the cotton to wheat futures ratio?
Divide the cotton price per kilogram by the wheat futures price per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
What is the inverse of the cotton to wheat futures ratio?
The inverse, wheat futures to cotton, is 13615 — how many kilograms of cotton one kilogram of wheat futures buys.