Commodity ratio · live
Soybean Meal to Heating Oil Futures Ratio
The soybean meal to heating oil futures ratio is 74.66 — Soybean Meal at $327.76 per Bushel divided by Heating Oil Futures at $4.39 per Gallan.
Prices as of Aug 24, 2026, 11:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Meal to Heating Oil Futures ratio
1.000 Bu of soybean meal = 74.661 Gal of heating oil futures
Inverse (HO-FUT/ZM): 0.01339 — one Gallan of heating oil futures buys that much soybean meal.
Near the bottom of its 1 year range — historically compressed. (7th percentile of the last 1 year)
Soybean Meal
$327.76
per Bushel
Heating Oil Futures
$4.39
per Gallan
Unit basis: USD per Bushel ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 11:33:04 GMT.
1Y average
105.5
median 96.87
1Y low
68.25
Mar 27, 2026
1Y high
149.5
Jan 7, 2026
Normal band
81.55–129.5
mean ± 1 std dev
Deviation from mean
-1.29σ
242 observations
Soybean Meal to Heating Oil Futures ratio charts
Pick a range once — it applies to the ZM/HO-FUT ratio line, the OHLC candles and the Soybean Meal / Heating Oil Futures price chart below.
ZM/HO-FUT ratio line
How many Gal of Heating Oil Futures one Bu of Soybean Meal buys, over 1Y.
ZM/HO-FUT ratio candles
Open, high, low and close of the ZM/HO-FUT ratio for each period in the last 1Y.
Soybean Meal 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 meal to heating oil futures ratio
Soybean Meal to Heating Oil Futures ratio = Soybean Meal price per Bushel ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $327.76 ÷ $4.39 = 74.66. The inverse is 0.01339.
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 soybean meal to heating oil futures ratio today?
The soybean meal to heating oil futures ratio is 74.66 — Soybean Meal at $327.76 per Bushel divided by Heating Oil Futures at $4.39 per Gallan, from live mid-market prices.
How do you calculate the soybean meal to heating oil futures ratio?
Divide the soybean meal price per Bushel 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 Bushel of soybean meal.
What is the inverse of the soybean meal to heating oil futures ratio?
The inverse, heating oil futures to soybean meal, is 0.01339 — how many Bushels of soybean meal one Gallan of heating oil futures buys.