Rapeseed and Soybeans

Their prices have moved together.

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

How they are linked

1. Price link: competing oilseed

Cost and price · Strong · Both ways

Soybeans compete with rapeseed as a source of both oil and protein meal. Because the soybean series also reflects meal values, the link is softer: monthly moves correlate at 0.45 and yearly moves at 0.71.

• 0.45 monthly change correlation
• 0.71 12-month change correlation
• 0.82 fitted elasticity

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