Association of the relationship between the prices of soybeans and diesel oil in the period from 2015 to 2018

Abstract

The aim of this study was to analyze the relationship between soybean freight prices and diesel oil prices for the city of Sorriso/MT up to the port of Santos, from January 2015 to May 2018. The relationships between the variables soybean freight price and diesel oil price were analyzed through the dispersion, correlation and linear regression diagram. The main results indicate that there is a low positive linear correlation between soybean freight and diesel price, and therefore, the price of diesel oil has little influence on soybean freight for the period and route studied, and other factors such as supply and demand, seasonality, warehouse availability, strikes, infrastructure conditions, origin/destination distance, export port, return cargo and etc, also affect the price of soybean freight.