Commodity ratio · live
Heating Oil Futures to Cocoa Ratio
The heating oil futures to cocoa ratio is 0.0007451 — Heating Oil Futures at $4.40 per Gallan divided by Cocoa at $5,905.57 per Metric Ton.
Prices as of Aug 24, 2026, 12:17 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Cocoa ratio
1.000 Gal of heating oil futures = 0.0007451 T of cocoa
Inverse (CC/HO-FUT): 1342 — one Metric Ton of cocoa buys that much heating oil futures.
Close to the middle of its 1 year range. (59th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Cocoa
$5,905.57
per Metric Ton
Unit basis: USD per Gallan ÷ USD per Metric Ton. The ratio reads as Metric Tons of cocoa per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:17:12 GMT.
1Y average
0.008677
median 0.0006550
1Y low
0.0002847
Aug 24, 2025
1Y high
2.604
Nov 25, 2025
Normal band
0.000–0.1524
mean ± 1 std dev
Deviation from mean
-0.06σ
327 observations
Heating Oil Futures to Cocoa ratio charts
Pick a range once — it applies to the HO-FUT/CC ratio line, the OHLC candles and the Heating Oil Futures / Cocoa price chart below.
HO-FUT/CC ratio line
How many T of Cocoa one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/CC ratio candles
Open, high, low and close of the HO-FUT/CC ratio for each period in the last 1Y.
Heating Oil Futures and Cocoa 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 cocoa ratio
Heating Oil Futures to Cocoa ratio = Heating Oil Futures price per Gallan ÷ Cocoa price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cocoa per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $5,905.57 = 0.0007451. The inverse is 1342.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the heating oil futures to cocoa ratio today?
The heating oil futures to cocoa ratio is 0.0007451 — Heating Oil Futures at $4.40 per Gallan divided by Cocoa at $5,905.57 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to cocoa ratio?
Divide the heating oil futures price per Gallan by the cocoa 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 cocoa per Gallan of heating oil futures.
What is the inverse of the heating oil futures to cocoa ratio?
The inverse, cocoa to heating oil futures, is 1342 — how many Gallans of heating oil futures one Metric Ton of cocoa buys.