Commodity ratio · live
Cotton to Heating Oil Futures Ratio
The cotton to heating oil futures ratio is 0.1684 — Cotton at $0.8300 per pound divided by Heating Oil Futures at $4.93 per gallan.
Prices as of Oct 23, 2026, 1:44 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Heating Oil Futures ratio
1.000 lb of cotton = 0.1684 gal of heating oil futures
Inverse (HO-FUT/CT): 5.940 — one gallan of heating oil futures buys that much cotton.
Near the bottom of its 1 year range — historically compressed. (8th percentile of the last 1 year)
Cotton
$0.8300
per pound
Heating Oil Futures
$4.93
per gallan
Unit basis: USD per pound ÷ USD per gallan. The two legs are priced per different things — dollars per pound against dollars per gallan — so the result is a rate: gallans of heating oil futures per pound of cotton, not a plain count. Prices as of Fri, 23 Oct 2026 13:44:41 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
0.2245
median 0.2143
1Y low
0.1444
Mar 20, 2026
1Y high
0.3220
Jan 7, 2026
Normal band
0.1817–0.2672
mean ± 1 std dev
Deviation from mean
-1.31σ
253 observations
Cotton to Heating Oil Futures ratio charts
Pick a range once — it applies to the CT/HO-FUT ratio line, the OHLC candles and the Cotton / Heating Oil Futures price chart below.
CT/HO-FUT ratio line
How many gal of Heating Oil Futures one lb of Cotton buys, over 1Y.
CT/HO-FUT ratio candles
Open, high, low and close of the CT/HO-FUT ratio for each period in the last 1Y.
Cotton and Heating Oil 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 heating oil futures ratio
Cotton to Heating Oil Futures ratio = Cotton price in USD per pound ÷ Heating Oil Futures price in USD per gallan
The two legs are priced per different things — dollars per pound against dollars per gallan — so the result is a rate: gallans of heating oil futures per pound of cotton, not a plain count.
Worked example, live prices: $0.8300 per pound ÷ $4.93 per gallan = 0.1684. The inverse is 5.940.
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 | 4001.35 |
| 2 | XAG | Silver | 54.10 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 103.24 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 116.46 |
| 5 | NG-FUT | Natural Gas Futures | 2.63 |
| 6 | XPT | Platinum | 1564.92 |
| 7 | XPD | Palladium | 1055.50 |
Frequently asked questions
What is the cotton to heating oil futures ratio today?
The cotton to heating oil futures ratio is 0.1684 — Cotton at $0.8300 per pound divided by Heating Oil Futures at $4.93 per gallan, from live mid-market prices.
How do you calculate the cotton to heating oil futures ratio?
Divide the cotton price per pound by the heating oil futures price per gallan. The two legs are priced per different things — dollars per pound against dollars per gallan — so the result is a rate: gallans of heating oil futures per pound of cotton, not a plain count.
What is the inverse of the cotton to heating oil futures ratio?
The inverse, heating oil futures to cotton, is 5.940 — how many pounds of cotton one gallan of heating oil futures buys.