Renewable-Fuel Push Drives Soyoil Prices to Record High

"Demand for [soybean] oil is growing, however, from the biofuels industry, a chief part of the push toward renewable energy highlighted by President Biden’s call for the U.S. to cut carbon-emissions levels in half by 2030." (WSJ, June 2021) The increase in demand => increase in price. The quantity traded is also increasing and will increase more when farmers have more time to convert to soybeans from other crops. What will happen to the prices or the other crops?