Biodiesel Market

Biodiesel RINs moved lower on a delayed reaction to the EMTS data.  The market had the second highest monthly production rate on record during June, showing that it has the capability to meet the overall advanced biofuel RVO if the pace can be sustained. Soybean oil inventories ended June slightly below analyst expectations.  If bio demand is lowering SBO stocks, that will underpin SBO prices to a certain extent, which could lead to a less…