# Energy in farming and Soybeans

Their prices have moved together.

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

[Energy in farming](https://www.materialinsights.org/energy/e_agri_energy/) (energy) and [Soybeans](https://www.materialinsights.org/commodities/soybeans/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: energy cost

*Cost and price · Strong · Both ways*

Diesel powers planting, harvesting and transport of the crop, and higher fuel prices also lift demand for soy-based biodiesel. The diesel proxy correlates with soybeans at 0.29 for monthly moves and 0.67 for yearly moves, a mix of cost and the fuel link.

- **0.29** monthly change correlation
- **0.67** 12-month change correlation
- **0.44** fitted elasticity

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