Groundnuts and Soybeans

Their prices have moved together.

Groundnuts (commodity) and Soybeans (commodity): 1 relationship.

How they are linked

1. Price link: competing oilseed

Cost and price · Moderate · Both ways

Groundnuts are crushed for oil and meal like soybeans, and some farmers choose between the two. But most traded groundnuts are eaten as food, so the link is loose: monthly moves correlate at only 0.10, rising to 0.39 for yearly moves.

• 0.10 monthly change correlation
• 0.39 12-month change correlation
• 0.66 fitted elasticity

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