# Biomass and biofuel stores and Maize

Their prices have moved together.

Source page: https://www.materialinsights.org/links/biomass-and-biofuel-stores-and-maize/

[Biomass and biofuel stores](https://www.materialinsights.org/energy/e_bio_store/) (energy) and [Maize](https://www.materialinsights.org/commodities/maize/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: feedstock

*Cost and price · Strong · Both ways*

US ethanol is made mostly from maize, which is the largest production cost. The ethanol index correlates at 0.26 for monthly moves and 0.70 for yearly moves, as distillers pass grain costs on.

- **0.26** monthly change correlation
- **0.70** 12-month change correlation
- **0.51** fitted elasticity

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