This article is co-authored with ARE PhD candidate Dan Mazzone. Prices for the major US crops are booming. Soybean prices have almost doubled since August 2020 and are now around the values from the 2011-14 boom. The proximate cause of the soybean price runup is increased demand from China, which raises costs to other soybean users. It also obscures the renewable diesel (RD) freight train that is about to hit the soybean market.