Commodity ratio · live
Copper Futures to Wheat Futures Ratio
The copper futures to wheat futures ratio is 0.009490 — Copper Futures at $6.58 per Pound divided by Wheat Futures at $693.39 per Ounce.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Copper Futures to Wheat Futures ratio
1.000 Lb of copper futures = 0.009490 Oz of wheat futures
Inverse (ZW-FUT/HG-FUT): 105.4 — one Ounce of wheat futures buys that much copper futures.
Below its 1 year average. (25th percentile of the last 1 year)
Copper Futures
$6.58
per Pound
Wheat Futures
$693.39
per Ounce
Unit basis: USD per Pound ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Pound of copper futures. Prices as of Mon, 24 Aug 2026 10:38:28 GMT.
1Y average
0.01002
median 0.009938
1Y low
0.008429
Aug 24, 2025
1Y high
0.01199
Jan 13, 2026
Normal band
0.009309–0.01074
mean ± 1 std dev
Deviation from mean
-0.75σ
328 observations
Copper Futures to Wheat Futures ratio charts
Pick a range once — it applies to the HG-FUT/ZW-FUT ratio line, the OHLC candles and the Copper Futures / Wheat Futures price chart below.
HG-FUT/ZW-FUT ratio line
How many Oz of Wheat Futures one Lb of Copper Futures buys, over 1Y.
HG-FUT/ZW-FUT ratio candles
Open, high, low and close of the HG-FUT/ZW-FUT ratio for each period in the last 1Y.
Copper Futures 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 copper futures to wheat futures ratio
Copper Futures to Wheat Futures ratio = Copper Futures 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 copper futures — rather than a plain count.
Worked example, live prices: $6.58 ÷ $693.39 = 0.009490. The inverse is 105.4.
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 copper futures to wheat futures ratio today?
The copper futures to wheat futures ratio is 0.009490 — Copper Futures at $6.58 per Pound divided by Wheat Futures at $693.39 per Ounce, from live mid-market prices.
How do you calculate the copper futures to wheat futures ratio?
Divide the copper futures 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 copper futures.
What is the inverse of the copper futures to wheat futures ratio?
The inverse, wheat futures to copper futures, is 105.4 — how many Pounds of copper futures one Ounce of wheat futures buys.