As petroleum prices climb, alternative energy sources become more useful. So it is with biodiesel and soybeans. Look at the correlation during yesterday's sell off and today's rally.
Now, look at the 25 day correlation chart between the two markets.
As petroleum prices climb, alternative energy sources become more useful. So it is with biodiesel and soybeans. Look at the correlation during yesterday's sell off and today's rally.
Now, look at the 25 day correlation chart between the two markets.
