Commodity ratio · live
Heating Oil Futures to Cotton Ratio
The heating oil futures to cotton ratio is 4.955 — Heating Oil Futures at $4.36 per Gallan divided by Cotton at $0.8800 per Pound.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Cotton ratio
1.000 Gal of heating oil futures = 4.955 Lb of cotton
Inverse (CT/HO-FUT): 0.2018 — one Pound of cotton buys that much heating oil futures.
Above its 1 year average. (75th percentile of the last 1 year)
Heating Oil Futures
$4.36
per Gallan
Cotton
$0.8800
per Pound
Unit basis: USD per Gallan ÷ USD per Pound. The ratio reads as Pounds of cotton per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:31:21 GMT.
1Y average
4.296
median 4.114
1Y low
3.106
Jan 7, 2026
1Y high
6.926
Mar 20, 2026
Normal band
3.471–5.122
mean ± 1 std dev
Deviation from mean
+0.80σ
242 observations
Heating Oil Futures to Cotton ratio charts
Pick a range once — it applies to the HO-FUT/CT ratio line, the OHLC candles and the Heating Oil Futures / Cotton price chart below.
HO-FUT/CT ratio line
How many Lb of Cotton one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/CT ratio candles
Open, high, low and close of the HO-FUT/CT ratio for each period in the last 1Y.
Heating Oil 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 heating oil futures to cotton ratio
Heating Oil Futures to Cotton ratio = Heating Oil Futures price per Gallan ÷ Cotton price per Pound
The two legs use different units, so the result is a rate — Pounds of cotton per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.36 ÷ $0.8800 = 4.955. The inverse is 0.2018.
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 heating oil futures to cotton ratio today?
The heating oil futures to cotton ratio is 4.955 — Heating Oil Futures at $4.36 per Gallan divided by Cotton at $0.8800 per Pound, from live mid-market prices.
How do you calculate the heating oil futures to cotton ratio?
Divide the heating oil futures price per Gallan 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 Gallan of heating oil futures.
What is the inverse of the heating oil futures to cotton ratio?
The inverse, cotton to heating oil futures, is 0.2018 — how many Gallans of heating oil futures one Pound of cotton buys.