# Renewable Diesel Demand Garners Attention Amid Soy Price Gains | Farm Policy News | Illinois

> Farm Policy News summarizes Bloomberg reporting that the Bloomberg Agriculture Spot Index surged the most in nearly nine years on crop futures gains. Brazilian meatpackers are turning to wheat as corn costs rise, per Reuters and the ABPA.

- Date: 2021-04-25 · published 2021-04-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47461-renewable-diesel-demand-garners-attention-amid-soy-price-gains-farm-policy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Broad grain and oilseed rallies raise feed costs, and Brazilian meat processors substituting wheat for corn signals shifting feed demand.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/04/renewable-diesel-demand-garners-attention-amid-soy-price-gains/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.