# Biodiesel (FAME) and Energy in farming

Their prices have moved together.

Source page: https://www.materialinsights.org/links/biodiesel-fame-and-energy-in-farming/

[Biodiesel (FAME)](https://www.materialinsights.org/energy/biodiesel/) (chemical) and [Energy in farming](https://www.materialinsights.org/energy/e_agri_energy/) (energy): 1 relationship.

## How they are linked

### 1. Price link: blended fuel

*Cost and price · Strong · Both ways*

Biodiesel made from vegetable oils is blended into diesel and competes with it. The soybean oil proxy correlates at 0.48 monthly, as biofuel mandates tie vegetable oil prices to diesel.

- **0.48** monthly change correlation
- **0.73** 12-month change correlation
- **1.02** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.