Commodity ratio · live
Heating Oil Futures to Soybeans Futures Ratio
The heating oil futures to soybeans futures ratio is 0.3562 — Heating Oil Futures at $4.36 per Gallan divided by Soybeans Futures at $12.24 per Bushel.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Soybeans Futures ratio
1.000 Gal of heating oil futures = 0.3562 Bu of soybeans futures
Inverse (SOYBEAN-FUT/HO-FUT): 2.808 — one Bushel of soybeans futures buys that much heating oil futures.
Above its 1 year average. (90th percentile of the last 1 year)
Heating Oil Futures
$4.36
per Gallan
Soybeans Futures
¢12.24
per Bushel
Unit basis: USD per Gallan ÷ US Cent per Bushel. The ratio reads as Bushels of soybeans futures per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:37:29 GMT.
1Y average
0.2769
median 0.2818
1Y low
0.1943
Jan 7, 2026
1Y high
0.4062
Mar 20, 2026
Normal band
0.2172–0.3366
mean ± 1 std dev
Deviation from mean
+1.33σ
327 observations
Heating Oil Futures to Soybeans Futures ratio charts
Pick a range once — it applies to the HO-FUT/SOYBEAN-FUT ratio line, the OHLC candles and the Heating Oil Futures / Soybeans Futures price chart below.
HO-FUT/SOYBEAN-FUT ratio line
How many Bu of Soybeans Futures one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/SOYBEAN-FUT ratio candles
Open, high, low and close of the HO-FUT/SOYBEAN-FUT ratio for each period in the last 1Y.
Heating Oil Futures and Soybeans Futures 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 soybeans futures ratio
Heating Oil Futures to Soybeans Futures ratio = Heating Oil Futures price per Gallan ÷ Soybeans Futures price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybeans futures per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.36 ÷ $12.24 = 0.3562. The inverse is 2.808.
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 soybeans futures ratio today?
The heating oil futures to soybeans futures ratio is 0.3562 — Heating Oil Futures at $4.36 per Gallan divided by Soybeans Futures at $12.24 per Bushel, from live mid-market prices.
How do you calculate the heating oil futures to soybeans futures ratio?
Divide the heating oil futures price per Gallan by the soybeans futures price per Bushel. If the two units differ, the result is a rate rather than a plain count — read it as Bushels of soybeans futures per Gallan of heating oil futures.
What is the inverse of the heating oil futures to soybeans futures ratio?
The inverse, soybeans futures to heating oil futures, is 2.808 — how many Gallans of heating oil futures one Bushel of soybeans futures buys.