Commodity ratio · live
Wheat Futures to Cobalt Ratio
The wheat futures to cobalt ratio is 0.01780 — Wheat Futures at $714.02 per Ounce divided by Cobalt at $40,120.00 per Metric Ton.
Prices as of Sep 20, 2026, 10:40 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Cobalt ratio
1.000 Oz of wheat futures = 0.01780 T of cobalt
Inverse (COB/ZW-FUT): 56.19 — one Metric Ton of cobalt buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Wheat Futures
$714.02
per Ounce
Cobalt
$40,120.00
per Metric Ton
Unit basis: USD per Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Ounce of wheat futures. Prices as of Sun, 20 Sep 2026 22:40:06 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
0.01126
median 0.01083
1Y low
0.009025
Jan 20, 2026
1Y high
0.01831
Sep 20, 2026
Normal band
0.009460–0.01306
mean ± 1 std dev
Deviation from mean
+3.63σ
171 observations
Wheat Futures to Cobalt ratio charts
Pick a range once — it applies to the ZW-FUT/COB ratio line, the OHLC candles and the Wheat Futures / Cobalt price chart below.
ZW-FUT/COB ratio line
How many T of Cobalt one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/COB ratio candles
Open, high, low and close of the ZW-FUT/COB ratio for each period in the last 1Y.
Wheat Futures and Cobalt prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the wheat futures to cobalt ratio
Wheat Futures to Cobalt ratio = Wheat Futures price per Ounce ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $714.02 ÷ $40,120.00 = 0.01780. The inverse is 56.19.
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 | 4360.80 |
| 2 | XAG | Silver | 66.34 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 98.20 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 101.80 |
| 5 | NG-FUT | Natural Gas Futures | 2.88 |
| 6 | PL | Platinum | 1802.35 |
| 7 | PA | Palladium | 1315.10 |
Frequently asked questions
What is the wheat futures to cobalt ratio today?
The wheat futures to cobalt ratio is 0.01780 — Wheat Futures at $714.02 per Ounce divided by Cobalt at $40,120.00 per Metric Ton, from live mid-market prices.
How do you calculate the wheat futures to cobalt ratio?
Divide the wheat futures price per Ounce by the cobalt price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of cobalt per Ounce of wheat futures.
What is the inverse of the wheat futures to cobalt ratio?
The inverse, cobalt to wheat futures, is 56.19 — how many Ounces of wheat futures one Metric Ton of cobalt buys.