Commodity ratio · live
Cotton to Heating Oil Futures Ratio
The cotton to heating oil futures ratio is 0.2018 — Cotton at $0.8800 per Pound divided by Heating Oil Futures at $4.36 per Gallan.
Prices as of Aug 24, 2026, 10:31 AM 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 = 0.2018 Gal of heating oil futures
Inverse (HO-FUT/CT): 4.955 — one Gallan of heating oil futures buys that much cotton.
Below its 1 year average. (25th percentile of the last 1 year)
Cotton
$0.8800
per Pound
Heating Oil Futures
$4.36
per Gallan
Unit basis: USD per Pound ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Pound of cotton. Prices as of Mon, 24 Aug 2026 10:31:20 GMT.
1Y average
0.2409
median 0.2431
1Y low
0.1444
Mar 20, 2026
1Y high
0.3220
Jan 7, 2026
Normal band
0.1977–0.2842
mean ± 1 std dev
Deviation from mean
-0.90σ
242 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 per Pound ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Pound of cotton — rather than a plain count.
Worked example, live prices: $0.8800 ÷ $4.36 = 0.2018. The inverse is 4.955.
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 cotton to heating oil futures ratio today?
The cotton to heating oil futures ratio is 0.2018 — Cotton at $0.8800 per Pound divided by Heating Oil Futures at $4.36 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. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Pound of cotton.
What is the inverse of the cotton to heating oil futures ratio?
The inverse, heating oil futures to cotton, is 4.955 — how many Pounds of cotton one Gallan of heating oil futures buys.