Commodity ratio · live
Heating Oil Futures to Soybean Oil Ratio
The heating oil futures to soybean oil ratio is 6.491 — Heating Oil Futures at $4.40 per Gallan divided by Soybean Oil at $0.6779 per Pound.
Prices as of Aug 24, 2026, 12:21 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Soybean Oil ratio
1.000 Gal of heating oil futures = 6.491 Lb of soybean oil
Inverse (ZL/HO-FUT): 0.1541 — one Pound of soybean oil buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Soybean Oil
¢0.6779
per Pound
Unit basis: USD per Gallan ÷ US Cent per Pound. The ratio reads as Pounds of soybean oil per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:21:48 GMT.
1Y average
5.046
median 4.856
1Y low
4.052
Feb 17, 2026
1Y high
7.261
Mar 20, 2026
Normal band
4.365–5.727
mean ± 1 std dev
Deviation from mean
+2.12σ
242 observations
Heating Oil Futures to Soybean Oil ratio charts
Pick a range once — it applies to the HO-FUT/ZL ratio line, the OHLC candles and the Heating Oil Futures / Soybean Oil price chart below.
HO-FUT/ZL ratio line
How many Lb of Soybean Oil one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/ZL ratio candles
Open, high, low and close of the HO-FUT/ZL ratio for each period in the last 1Y.
Heating Oil Futures and Soybean Oil 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 soybean oil ratio
Heating Oil Futures to Soybean Oil ratio = Heating Oil Futures price per Gallan ÷ Soybean Oil price per Pound
The two legs use different units, so the result is a rate — Pounds of soybean oil per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $0.6779 = 6.491. The inverse is 0.1541.
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 soybean oil ratio today?
The heating oil futures to soybean oil ratio is 6.491 — Heating Oil Futures at $4.40 per Gallan divided by Soybean Oil at $0.6779 per Pound, from live mid-market prices.
How do you calculate the heating oil futures to soybean oil ratio?
Divide the heating oil futures price per Gallan by the soybean oil price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of soybean oil per Gallan of heating oil futures.
What is the inverse of the heating oil futures to soybean oil ratio?
The inverse, soybean oil to heating oil futures, is 0.1541 — how many Gallans of heating oil futures one Pound of soybean oil buys.