Commodity ratio · live
Wheat Futures to Cotton Ratio
The wheat futures to cotton ratio is 860.5 — Wheat Futures at $714.25 per Ounce divided by Cotton at $0.8300 per Pound.
Prices as of Sep 20, 2026, 5:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Cotton ratio
1.000 Oz of wheat futures = 860.542 Lb of cotton
Inverse (CT/ZW-FUT): 0.001162 — one Pound of cotton buys that much wheat futures.
Above its 1 year average. (88th percentile of the last 1 year)
Wheat Futures
$714.25
per Ounce
Cotton
$0.8300
per Pound
Unit basis: USD per Ounce ÷ USD per Pound. The ratio reads as Pounds of cotton per Ounce of wheat futures. Prices as of Sun, 20 Sep 2026 05:26:59 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
804.9
median 797.3
1Y low
703.1
May 6, 2026
1Y high
950.4
Mar 5, 2026
Normal band
761.5–848.4
mean ± 1 std dev
Deviation from mean
+1.28σ
251 observations
Wheat Futures to Cotton ratio charts
Pick a range once — it applies to the ZW-FUT/CT ratio line, the OHLC candles and the Wheat Futures / Cotton price chart below.
ZW-FUT/CT ratio line
How many Lb of Cotton one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/CT ratio candles
Open, high, low and close of the ZW-FUT/CT ratio for each period in the last 1Y.
Wheat Futures and Cotton 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 cotton ratio
Wheat Futures to Cotton ratio = Wheat Futures price per Ounce ÷ Cotton price per Pound
The two legs use different units, so the result is a rate — Pounds of cotton per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $714.25 ÷ $0.8300 = 860.5. The inverse is 0.001162.
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 | 4378.35 |
| 2 | XAG | Silver | 66.28 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 100.30 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 103.87 |
| 5 | NG-FUT | Natural Gas Futures | 2.91 |
| 6 | PL | Platinum | 1806.00 |
| 7 | PA | Palladium | 1309.30 |
Frequently asked questions
What is the wheat futures to cotton ratio today?
The wheat futures to cotton ratio is 860.5 — Wheat Futures at $714.25 per Ounce divided by Cotton at $0.8300 per Pound, from live mid-market prices.
How do you calculate the wheat futures to cotton ratio?
Divide the wheat futures price per Ounce by the cotton price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of cotton per Ounce of wheat futures.
What is the inverse of the wheat futures to cotton ratio?
The inverse, cotton to wheat futures, is 0.001162 — how many Ounces of wheat futures one Pound of cotton buys.