Herbicides and Maize

Their prices have moved together.

Herbicides (chemical) and Maize (commodity): 1 relationship.

How they are linked

1. Price link: crop demand

Cost and price · Weak · Both ways

Maize growers are big herbicide users, and maize prices shape farm income and planting decisions. Monthly moves correlate at only 0.03 and yearly at 0.29, as herbicide prices are set seasonally on distributor contracts.

• 0.03 monthly change correlation
• 0.29 12-month change correlation
• 0.21 fitted elasticity

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