Commodity ratio · live
Soybean Oil to Heating Oil Futures Ratio
The soybean oil to heating oil futures ratio is 0.1541 — Soybean Oil at $0.6779 per Pound divided by Heating Oil Futures at $4.40 per Gallan.
Prices as of Aug 24, 2026, 12:21 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Oil to Heating Oil Futures ratio
1.000 Lb of soybean oil = 0.1541 Gal of heating oil futures
Inverse (HO-FUT/ZL): 6.491 — one Gallan of heating oil futures buys that much soybean oil.
Near the bottom of its 1 year range — historically compressed. (2th percentile of the last 1 year)
Soybean Oil
¢0.6779
per Pound
Heating Oil Futures
$4.40
per Gallan
Unit basis: US Cent per Pound ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Pound of soybean oil. Prices as of Mon, 24 Aug 2026 12:21:58 GMT.
1Y average
0.2016
median 0.2059
1Y low
0.1377
Mar 20, 2026
1Y high
0.2468
Feb 17, 2026
Normal band
0.1762–0.2270
mean ± 1 std dev
Deviation from mean
-1.87σ
242 observations
Soybean Oil to Heating Oil Futures ratio charts
Pick a range once — it applies to the ZL/HO-FUT ratio line, the OHLC candles and the Soybean Oil / Heating Oil Futures price chart below.
ZL/HO-FUT ratio line
How many Gal of Heating Oil Futures one Lb of Soybean Oil buys, over 1Y.
ZL/HO-FUT ratio candles
Open, high, low and close of the ZL/HO-FUT ratio for each period in the last 1Y.
Soybean Oil and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the soybean oil to heating oil futures ratio
Soybean Oil to Heating Oil Futures ratio = Soybean Oil price per Pound ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Pound of soybean oil — rather than a plain count.
Worked example, live prices: $0.6779 ÷ $4.40 = 0.1541. The inverse is 6.491.
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 soybean oil to heating oil futures ratio today?
The soybean oil to heating oil futures ratio is 0.1541 — Soybean Oil at $0.6779 per Pound divided by Heating Oil Futures at $4.40 per Gallan, from live mid-market prices.
How do you calculate the soybean oil to heating oil futures ratio?
Divide the soybean oil price per Pound by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Pound of soybean oil.
What is the inverse of the soybean oil to heating oil futures ratio?
The inverse, heating oil futures to soybean oil, is 6.491 — how many Pounds of soybean oil one Gallan of heating oil futures buys.