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![Admin delays approval of eRINs : RFS at risk](https://static.wixstatic.com/media/6e2e80_f5978f02cebb41d2bbb9f36e4fa64439~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_f5978f02cebb41d2bbb9f36e4fa64439~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_3558ab3a4ec24f1a9237fab1a0bb55f5~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_3558ab3a4ec24f1a9237fab1a0bb55f5~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_a5de8e187df34027bc0ed30285310f6c~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_a5de8e187df34027bc0ed30285310f6c~mv2.webp)
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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![](https://static.wixstatic.com/media/6e2e80_4c86183f3cd9438ea180064e8c769da9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/6e2e80_4c86183f3cd9438ea180064e8c769da9~mv2.webp)
![Renewable Diesel Chart does little to support Bean oil](https://static.wixstatic.com/media/6e2e80_4c86183f3cd9438ea180064e8c769da9~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/6e2e80_4c86183f3cd9438ea180064e8c769da9~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_3c117f19953442e48fd58f4515ad9c33~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_3c117f19953442e48fd58f4515ad9c33~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_aaf9a3b139674c348704b12d08973d47~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_aaf9a3b139674c348704b12d08973d47~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_b6027096082b47528549dc2d17b95db0~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_b6027096082b47528549dc2d17b95db0~mv2.webp)
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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![](https://static.wixstatic.com/media/6e2e80_b750bb10baad440bb9fb63c08671c998~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/6e2e80_b750bb10baad440bb9fb63c08671c998~mv2.webp)
![Bank liquidity impacting open interest in all commodities](https://static.wixstatic.com/media/6e2e80_b750bb10baad440bb9fb63c08671c998~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/6e2e80_b750bb10baad440bb9fb63c08671c998~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_ea4b4fc86626447a92283d6e6e05491f~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_ea4b4fc86626447a92283d6e6e05491f~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_efb52eadb0ae488b8af648795e696440~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_efb52eadb0ae488b8af648795e696440~mv2.webp)
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!](https://static.wixstatic.com/media/6e2e80_726c97f197e24f3d9f4c284f7d8dc387~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_726c97f197e24f3d9f4c284f7d8dc387~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_3c9fa6c7c1c7468d9ca517c5182a7378~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_3c9fa6c7c1c7468d9ca517c5182a7378~mv2.webp)
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...](https://static.wixstatic.com/media/6e2e80_c721b33ce4824e1eb7797cc44e814fc6~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_c721b33ce4824e1eb7797cc44e814fc6~mv2.webp)
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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![](https://static.wixstatic.com/media/6e2e80_e1cdcf99f7584cbca525279c76937832~mv2.webp/v1/fill/w_250,h_250,al_c,q_30,blur_30,enc_auto/6e2e80_e1cdcf99f7584cbca525279c76937832~mv2.webp)
![Used Cooking Oil biodiesel demand slows dramatically](https://static.wixstatic.com/media/6e2e80_e1cdcf99f7584cbca525279c76937832~mv2.webp/v1/fill/w_454,h_341,al_c,q_90,enc_auto/6e2e80_e1cdcf99f7584cbca525279c76937832~mv2.webp)
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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![](https://static.wixstatic.com/media/6e2e80_5f899bf7e36a41d9b0a79d5f6cd82fc1~mv2.jpeg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/6e2e80_5f899bf7e36a41d9b0a79d5f6cd82fc1~mv2.webp)
![Combination of USD liquidity issues and SAmerica Monster crop pressure pricing](https://static.wixstatic.com/media/6e2e80_5f899bf7e36a41d9b0a79d5f6cd82fc1~mv2.jpeg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/6e2e80_5f899bf7e36a41d9b0a79d5f6cd82fc1~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_a08ff59d570d46cc99b38040fd59eba0~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_a08ff59d570d46cc99b38040fd59eba0~mv2.webp)
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](https://static.wixstatic.com/media/6e2e80_4808d7c1bcc442a48e0664353755ba78~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_4808d7c1bcc442a48e0664353755ba78~mv2.webp)
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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![Rip tide of war in Europe affecting demand in Biodiesel](https://static.wixstatic.com/media/6e2e80_4333a0a5c4fa4cd2aae34fd9635aca38~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_4333a0a5c4fa4cd2aae34fd9635aca38~mv2.webp)
Henri Bardon
Mar 7, 20231 min read
Rip tide of war in Europe affecting demand in Biodiesel
Pretty much all Biodiesel prices in Europe reflect poor demand with all grades including summer grades trading $30-40/mt below average of...
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![Vegetable oils recover slightly but trend remains lower](https://static.wixstatic.com/media/6e2e80_3f0847c1271f42768220a79abad7cc4e~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/6e2e80_3f0847c1271f42768220a79abad7cc4e~mv2.webp)
Henri Bardon
Feb 24, 20231 min read
Vegetable oils recover slightly but trend remains lower
Harvest in Brazil now in excess of 50% and concerns on Argentina crop has had little impact. Premiums on Soybeans FOB Brazil has...
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