Posts | Globalbiodiesel

FAME 0 premium to Gasoil down $117/mt since Apr28 while Gasoil is flat

May 12, 20231 min read

FAME 0 premium to Gasoil down $117/mt since Apr28 while Gasoil is flat

Margins frozen at breakeven on screen at -0.94c/gal but negative on a cashflow basis for US producers as Renewable diesel cannibalizes...

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ICE Gasoil curve bounces back with renewed geopolitical tensions

Henri Bardon

May 4, 20231 min read

ICE Gasoil curve bounces back with renewed geopolitical tensions

We did experience a total collapse of the ICE Gasoil curve to Dec from nearly +$50 at end of January to -$8 just a few days ago....

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Despite biofuels ban for palm in EU, palm prices at parity with Sunoil and Rapeseed oil

Henri Bardon

May 3, 20231 min read

Despite biofuels ban for palm in EU, palm prices at parity with Sunoil and Rapeseed oil

Within soft oil complex Rapeseed oil remains the cheapest oil in Europe. Generally speaking we should be expecting that Palm oil be at...

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Admin delays approval of eRINs : RFS at risk

Henri Bardon

May 1, 20231 min read

Admin delays approval of eRINs : RFS at risk

US Admin delays decision on approval of eRINs as they fear backlash from farming states. RINs have already come down substantially as...

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Heat crack now under $30/Brl as Gasoil trades well below 200wma

Henri Bardon

Apr 23, 20231 min read

Heat crack now under $30/Brl as Gasoil trades well below 200wma

Gasoil now trading well below 200wma with 20wma about to cross it. Situation in Europe remains on edge of catastrophe with strikes in...

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Soybean oil careening down further led by SouthAm premium

Henri Bardon

Apr 11, 20231 min read

Soybean oil careening down further led by SouthAm premium

The soy oil chart just simply is ugly and all indicators point to further downside. premiums FOB paranagua showed even more weakness...

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Renewable Diesel Chart does little to support Bean oil

Henri Bardon

Apr 5, 20231 min read

Renewable Diesel Chart does little to support Bean oil

Bean oil is now down 10% in last 3 months and premiums FOB paranagua are now offered below -1000 with bids at least 250 points away. May...

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Heat crack margin breaks down to $35/Brl after crude spike

Henri Bardon

Apr 3, 20231 min read

Heat crack margin breaks down to $35/Brl after crude spike

Oil producers take back some of the heat crack margin finally as it ticks back down below $40/brl after crude oil was up 7.5% on Friday...

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US Natural Gas futures drag energy complex lower down 46% in last 3 months

Henri Bardon

Mar 30, 20231 min read

US Natural Gas futures drag energy complex lower down 46% in last 3 months

Gasoil still under pressure and Biodiesel (F0) in Europe trading $100/mt below BOGO which is in a $12/mt contango through Aug. ...

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Despite bounce Fame trades in ARA $100/mt below BOGO while it has dropped 24% in last 3 months

Henri Bardon

Mar 28, 20231 min read

Despite bounce Fame trades in ARA $100/mt below BOGO while it has dropped 24% in last 3 months

Soybean oil could not go anywhere today after a nice bounce on Monday as FOB premium in SouthAm hardly moved and are still bid >-1000...

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Bank liquidity impacting open interest in all commodities

Henri Bardon

Mar 27, 20231 min read

Bank liquidity impacting open interest in all commodities

Difficult not to look at this Brent chart and see that something ominous has happened. How could a liquidity crisis engineered by the...

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Gasoil finally breaks below 200wma as bank contagion spreads

Henri Bardon

Mar 24, 20231 min read

Gasoil finally breaks below 200wma as bank contagion spreads

As feared demand issues in Europe finally push Gasoil 3% lower and below its 200wma. Although we saw a rebound in Bean oil overnight that...

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SouthAm Soy weakness now spreads misery in vegoil prices

Henri Bardon

Mar 23, 20231 min read

SouthAm Soy weakness now spreads misery in vegoil prices

Very weak premiums in both Soybeans and Soyoil add to the weakness of the entire vegetable oil sector. The cheapest oil in Europe,...

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Drop in Gasoil keeps BOGO higher while biodiesel premium continue to collapse down 54% since Feb27!

Henri Bardon

Mar 22, 20231 min read

Drop in Gasoil keeps BOGO higher while biodiesel premium continue to collapse down 54% since Feb27!

Backwardation finally collapsing in Fame 0 with a drop of $75/mt overnight and premium trading down to +249 over ICE Gasoil in Northwest...

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Rapeseed Oil now Euro/MT140 below Soy Oil and Sunflower Oil

Henri Bardon

Mar 21, 20231 min read

Rapeseed Oil now Euro/MT140 below Soy Oil and Sunflower Oil

Although Palm is not considered a soft oil, it is also now priced euro/mt 100 above Rapeseed oil which is the first time in 25 years that...

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Both Gasoil and Bean oil start trading below 200wdma...

Henri Bardon

Mar 16, 20231 min read

Both Gasoil and Bean oil start trading below 200wdma...

Usually when Gasoil drops below its 200day, we can see scope for another $200/mt move below it - my target is $500/mt. What we are...

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Used Cooking Oil biodiesel demand slows dramatically

Henri Bardon

Mar 14, 20231 min read

Used Cooking Oil biodiesel demand slows dramatically

Used Cooking oil Biodiesel (UCOME) demand slows dramatically in Europe as strikes in France take their toll with almost 5 refineries out...

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Combination of USD liquidity issues and SAmerica Monster crop pressure pricing

Henri Bardon

Mar 14, 20231 min read

Combination of USD liquidity issues and SAmerica Monster crop pressure pricing

What seems to escape many is that SouthAm exporters are really keen to export this monster crop. Projected exports for Brazil alone are...

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Markets in Turmoil: Bean oil falls $40/mt below FAME0 in EU

Henri Bardon

Mar 10, 20231 min read

Markets in Turmoil: Bean oil falls $40/mt below FAME0 in EU

Mar BOGO expired at $459 while FAME 0 trading spot in Northwest Europe at +440 for delivery through Apr6. In the last month we have seen...

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Bean oil fails its 200day WMDA despite Asia trade bounce

Henri Bardon

Mar 9, 20231 min read

Bean oil fails its 200day WMDA despite Asia trade bounce

Strong Dollars and WASDE dawning of reality behind Argentina crop adjustment that barely dents world carry out of Soybeans remaining at...

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