Cotton and Energy in farming

Their prices have moved together.

Cotton (commodity) and Energy in farming (energy): 1 relationship.

How they are linked

1. Price link: energy cost

Cost and price · Moderate · Both ways

Diesel for tractors, pumps for irrigation and fuel for ginning are cotton farm costs, and diesel also tracks the oil that prices polyester. The diesel proxy correlates at 0.32 for monthly moves and 0.59 for yearly moves.

• 0.32 monthly change correlation
• 0.59 12-month change correlation
• 0.40 fitted elasticity

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