Gasoil and Biodiesel backwardation collapses in Europe
News of a surge in ULSD exports from Russian Baltics in December to 1.4 million metric tons, a 23.2% increase over November, took the...
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Henri Bardon
1 day ago1 min read
US Biodiesel and RD industry frozen by Admin decision on 45z
This is rather a surprising move by Admin as it essentially freezes all activities of the industry, as without BTC or 45z guidance...
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Henri Bardon
2 days ago1 min read
EIA Sep data shows y-o-y drop in Bio/Renewable Diesel feedstock
Although today's released data is nearly 2 months old and excludes UCO, it shows trends in RD/Biodiesel that indicate an overall drop of...
40 views0 comments
Henri Bardon
Nov 252 min read
D4 RINs collapsing 25% in last 2 weeks
Since Nov 11, we have come down from 0.79c/gal to 0.588c/gal as Congress will not address the issues with the IRA or expiring BTC during...
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Henri Bardon
Nov 221 min read
Soyoil real story is the strong US$
DXY hit a one-year high of 107.49. Cash prices of commodities in general are under pressure in destination markets due to strong US$,...
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Henri Bardon
Nov 201 min read
BOGO dives down 34% in 10 days to +$269/mt
This move appears dramatic, but BOGO (Bean Oil-Gasoil) is still up 54% in the last 3 months. Volatility in vegoil and certainly Gasoil...
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Henri Bardon
Nov 191 min read
BOPO drops to -$127/mt as Palm bounces and Bean oil drops
We have not seen BOPO at such a level ever as the biodiesel use by Indonesia is a new factor. Palm oil is now prohibitively priced for...
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Henri Bardon
Nov 181 min read
POGO finally breaks and Gasoil backwardation spikes
Palm breaks by 3%, yet gasoil recovers by 2% as technical traders eye the POGO chart gap of +150-200. Caution advised. Meanwhile, in the...
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Henri Bardon
Nov 151 min read
China adjust VAT rebates, soyoil rises on wishful thinking
The Chinese customs have now adjusted various export rebates resulting in UCO rebates moving from 13% to 0%. This makes it more expensive...
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Henri Bardon
Nov 141 min read
UDB delays puts at risk 2025 EU maritime and SAF mandates
Delays in the implementation of the UDB (Union Data Base) to replace the currently used Nabisy database which is broadly used by...
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Henri Bardon
Nov 132 min read
BOGO led by Soyoil retreats 19.5% in one week
As ICE Gasoil expired at $664.50 with much fewer deliveries than expected, it should be noted that Oct expired at $706. The trend for...
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Henri Bardon
Nov 122 min read
New Admin nominates new EPA leadership, Soyoil heads lower
Nomination of Lee Zeldin to EPA sends chills on Soyoil down one standard deviation today as he was a supporter of an RFS rewrite....
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Henri Bardon
Nov 111 min read
Palm continues to buoy the vegetable oil complex
Palm is now at +472.85 over ICE gasoil as consumers switch origin to Malaysia from Indonesia, dropping stocks by about 6.3%. Malaysia...
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Henri Bardon
Nov 71 min read
Soybean oil rise one std deviation and nearly +20% in last 3 months
Despite strong crush margins 1.59 ($58.45/mt) Soyoil rallies to 1.54X gasoil value similar pattern we saw in Nov22 in very different...
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Henri Bardon
Nov 61 min read
China UCO exports leap to 2.8 Mil MT with 47% going to US
What the data hides is that Singapore is a proxy US destination so in reality we can say that 71% of China's UCO exports are now going to...
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Henri Bardon
Nov 51 min read
Gasoil rises despite strong screen crack-margin and poor demand
Gasoil has now retraced from its low of $648.50 on week 42 and is now trading at $691. Lower diesel exports from China in Nov at only...
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Henri Bardon
Nov 42 min read
Biodiesel feedstock use rise 13% but soy-oil decreases in mix again
EIA reports that US Renewable Diesel and Biodiesel year-over-year use of Soybean Oil is now only up 2%, while overall feedstock use by...
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Henri Bardon
Oct 281 min read
South American Biodiesel production spikes
Northwest Europe Biodiesel premiums charge ahead as Gasoil flat price finally breaks down by >5% in line with Brent, as screen heat crack...
18 views0 comments
Henri Bardon
Oct 241 min read
Palm oil makes all boats rise & Canada makes canola export plans
As expected, trade took CPO above $1000/mt, triggering the higher export levy of $375/mt for subsidizing Biodiesel blending in Indonesia....
17 views0 comments
Henri Bardon
Oct 231 min read
Palm (POGO) rises and buoys vegetable oils as Indonesia targets 50% bio-blend
POGO measures the relative costs of Crude Palm Oil versus diesel, and it appears that the Indonesian government is not shy about...
14 views0 comments
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