Commodity ratio · live
Heating Oil Futures to Canola Ratio
The heating oil futures to canola ratio is 0.005569 — Heating Oil Futures at $4.39 per Gallan divided by Canola at $788.23 per Metric Ton.
Prices as of Aug 24, 2026, 11:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Canola ratio
1.000 Gal of heating oil futures = 0.005569 T of canola
Inverse (CANOLA/HO-FUT): 179.6 — one Metric Ton of canola buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (92th percentile of the last 1 year)
Heating Oil Futures
$4.39
per Gallan
Canola
CA$788.23
per Metric Ton
Unit basis: USD per Gallan ÷ CAD per Metric Ton. The ratio reads as Metric Tons of canola per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 11:35:40 GMT.
These two commodities are quoted in different currencies (USD and CAD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.004462
median 0.004312
1Y low
0.003301
Jan 7, 2026
1Y high
0.006497
Mar 20, 2026
Normal band
0.003655–0.005269
mean ± 1 std dev
Deviation from mean
+1.37σ
328 observations
Heating Oil Futures to Canola ratio charts
Pick a range once — it applies to the HO-FUT/CANOLA ratio line, the OHLC candles and the Heating Oil Futures / Canola price chart below.
HO-FUT/CANOLA ratio line
How many T of Canola one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/CANOLA ratio candles
Open, high, low and close of the HO-FUT/CANOLA ratio for each period in the last 1Y.
Heating Oil Futures and Canola prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the heating oil futures to canola ratio
Heating Oil Futures to Canola ratio = Heating Oil Futures price per Gallan ÷ Canola price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of canola per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.39 ÷ $788.23 = 0.005569. The inverse is 179.6.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the heating oil futures to canola ratio today?
The heating oil futures to canola ratio is 0.005569 — Heating Oil Futures at $4.39 per Gallan divided by Canola at $788.23 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to canola ratio?
Divide the heating oil futures price per Gallan by the canola 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 canola per Gallan of heating oil futures.
What is the inverse of the heating oil futures to canola ratio?
The inverse, canola to heating oil futures, is 179.6 — how many Gallans of heating oil futures one Metric Ton of canola buys.