Commodity ratio · live
Cotton to Natural Gas Futures Ratio
The cotton to natural gas futures ratio is 0.3188 — Cotton at $0.8800 per Pound divided by Natural Gas Futures at $2.76 per Million British Thermal Units.
Prices as of Aug 24, 2026, 10:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Natural Gas Futures ratio
1.000 Lb of cotton = 0.3188 MMBtu of natural gas futures
Inverse (NG-FUT/CT): 3.136 — one Million British Thermal Units of natural gas futures buys that much cotton.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Cotton
$0.8800
per Pound
Natural Gas Futures
$2.76
per Million British Thermal Units
Unit basis: USD per Pound ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Pound of cotton. Prices as of Mon, 24 Aug 2026 10:32:42 GMT.
1Y average
0.2248
median 0.2241
1Y low
0.1164
Dec 5, 2025
1Y high
0.3285
Aug 21, 2026
Normal band
0.1709–0.2786
mean ± 1 std dev
Deviation from mean
+1.75σ
247 observations
Cotton to Natural Gas Futures ratio charts
Pick a range once — it applies to the CT/NG-FUT ratio line, the OHLC candles and the Cotton / Natural Gas Futures price chart below.
CT/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one Lb of Cotton buys, over 1Y.
CT/NG-FUT ratio candles
Open, high, low and close of the CT/NG-FUT ratio for each period in the last 1Y.
Cotton and Natural Gas 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 natural gas futures ratio
Cotton to Natural Gas Futures ratio = Cotton price per Pound ÷ Natural Gas Futures price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas futures per Pound of cotton — rather than a plain count.
Worked example, live prices: $0.8800 ÷ $2.76 = 0.3188. The inverse is 3.136.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the cotton to natural gas futures ratio today?
The cotton to natural gas futures ratio is 0.3188 — Cotton at $0.8800 per Pound divided by Natural Gas Futures at $2.76 per Million British Thermal Units, from live mid-market prices.
How do you calculate the cotton to natural gas futures ratio?
Divide the cotton price per Pound by the natural gas futures price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas futures per Pound of cotton.
What is the inverse of the cotton to natural gas futures ratio?
The inverse, natural gas futures to cotton, is 3.136 — how many Pounds of cotton one Million British Thermal Units of natural gas futures buys.