Energy in farming and Sorghum

Their prices have moved together.

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

How they are linked

1. Price link: energy cost

Cost and price · Strong · Both ways

Diesel for planting, harvesting and moving grain is a direct cost. The diesel proxy shares monthly moves at 0.17 and yearly moves at 0.61 with sorghum, part of the energy cycle common to grain prices.

• 0.17 monthly change correlation
• 0.61 12-month change correlation
• 0.54 fitted elasticity

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