Commodity ratio · live
Heating Oil Futures to Soybean Meal Ratio
The heating oil futures to soybean meal ratio is 0.01339 — Heating Oil Futures at $4.39 per Gallan divided by Soybean Meal at $327.76 per Bushel.
Prices as of Aug 24, 2026, 11:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Soybean Meal ratio
1.000 Gal of heating oil futures = 0.01339 Bu of soybean meal
Inverse (ZM/HO-FUT): 74.66 — one Bushel of soybean meal buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (93th percentile of the last 1 year)
Heating Oil Futures
$4.39
per Gallan
Soybean Meal
$327.76
per Bushel
Unit basis: USD per Gallan ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 11:33:04 GMT.
1Y average
0.009996
median 0.01032
1Y low
0.006691
Jan 7, 2026
1Y high
0.01465
Mar 27, 2026
Normal band
0.007691–0.01230
mean ± 1 std dev
Deviation from mean
+1.47σ
242 observations
Heating Oil Futures to Soybean Meal ratio charts
Pick a range once — it applies to the HO-FUT/ZM ratio line, the OHLC candles and the Heating Oil Futures / Soybean Meal price chart below.
HO-FUT/ZM ratio line
How many Bu of Soybean Meal one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/ZM ratio candles
Open, high, low and close of the HO-FUT/ZM ratio for each period in the last 1Y.
Heating Oil Futures and Soybean Meal 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 meal ratio
Heating Oil Futures to Soybean Meal ratio = Heating Oil Futures price per Gallan ÷ Soybean Meal price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybean meal per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.39 ÷ $327.76 = 0.01339. The inverse is 74.66.
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 soybean meal ratio today?
The heating oil futures to soybean meal ratio is 0.01339 — Heating Oil Futures at $4.39 per Gallan divided by Soybean Meal at $327.76 per Bushel, from live mid-market prices.
How do you calculate the heating oil futures to soybean meal ratio?
Divide the heating oil futures price per Gallan by the soybean meal price per Bushel. If the two units differ, the result is a rate rather than a plain count — read it as Bushels of soybean meal per Gallan of heating oil futures.
What is the inverse of the heating oil futures to soybean meal ratio?
The inverse, soybean meal to heating oil futures, is 74.66 — how many Gallans of heating oil futures one Bushel of soybean meal buys.