Energy in farming and Wheat

Energy in farming needs wheat; their prices have moved together.

Energy in farming (energy) and Wheat (commodity): 2 relationships.

How they are linked

1. Material need

Physical flow · Direct · Wheat → Energy in farming

Building or running Energy in farming needs wheat.

2. Price link: energy cost

Cost and price · Strong · Both ways

Diesel for farm machinery and transport is a direct cost, and energy prices set fertiliser costs too. The diesel proxy shares monthly moves at 0.15, yearly moves at 0.70 and 0.37 in the last five years with wheat.

• 0.15 monthly change correlation
• 0.70 12-month change correlation
• 0.62 fitted elasticity

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