Commodity ratio · live
Wheat Futures to Copper Futures Ratio
The wheat futures to copper futures ratio is 114.8 — Wheat Futures at $732.59 per Ounce divided by Copper Futures at $6.38 per Pound.
Prices as of Sep 16, 2026, 7:02 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Copper Futures ratio
1.000 Oz of wheat futures = 114.826 Lb of copper futures
Inverse (HG-FUT/ZW-FUT): 0.008709 — one Pound of copper futures buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Wheat Futures
$732.59
per Ounce
Copper Futures
$6.38
per Pound
Unit basis: USD per Ounce ÷ USD per Pound. The ratio reads as Pounds of copper futures per Ounce of wheat futures. Prices as of Wed, 16 Sep 2026 19:02:20 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
100.6
median 101.0
1Y low
83.43
Jan 12, 2026
1Y high
120.6
Aug 31, 2026
Normal band
93.44–107.8
mean ± 1 std dev
Deviation from mean
+1.98σ
170 observations
Wheat Futures to Copper Futures ratio charts
Pick a range once — it applies to the ZW-FUT/HG-FUT ratio line, the OHLC candles and the Wheat Futures / Copper Futures price chart below.
ZW-FUT/HG-FUT ratio line
How many Lb of Copper Futures one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/HG-FUT ratio candles
Open, high, low and close of the ZW-FUT/HG-FUT ratio for each period in the last 1Y.
Wheat Futures and Copper Futures 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 copper futures ratio
Wheat Futures to Copper Futures ratio = Wheat Futures price per Ounce ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $732.59 ÷ $6.38 = 114.8. The inverse is 0.008709.
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 wheat futures to copper futures ratio today?
The wheat futures to copper futures ratio is 114.8 — Wheat Futures at $732.59 per Ounce divided by Copper Futures at $6.38 per Pound, from live mid-market prices.
How do you calculate the wheat futures to copper futures ratio?
Divide the wheat futures price per Ounce by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Ounce of wheat futures.
What is the inverse of the wheat futures to copper futures ratio?
The inverse, copper futures to wheat futures, is 0.008709 — how many Ounces of wheat futures one Pound of copper futures buys.