# Soybeans and Wheat

Their prices have moved together.

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

[Soybeans](https://www.materialinsights.org/commodities/soybeans/) (commodity) and [Wheat](https://www.materialinsights.org/commodities/wheat/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: land competition

*Cost and price · Strong · Both ways*

Wheat competes with soybeans for land in the United States, Canada and South America, and both respond to the same macro forces. Monthly moves correlate at 0.46 and yearly moves at 0.78.

- **0.46** monthly change correlation
- **0.78** 12-month change correlation
- **0.98** fitted elasticity

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