Herbicides and Soybeans

Their prices have moved together.

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

How they are linked

1. Price link: crop demand

Cost and price · Weak · Both ways

Herbicide-tolerant soybeans in the Americas use large amounts of glyphosate and other herbicides. Even so, monthly moves correlate at 0.01 and yearly at 0.18, since farm demand changes slowly and prices are set before each season.

• 0.01 monthly change correlation
• 0.18 12-month change correlation
• 0.28 fitted elasticity

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