# Groundnuts and Soybeans

Their prices have moved together.

Source page: https://www.materialinsights.org/links/groundnuts-and-soybeans/

[Groundnuts](https://www.materialinsights.org/commodities/groundnuts/) (commodity) and [Soybeans](https://www.materialinsights.org/commodities/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.