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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Henri Bardon
Feb 20, 20231 min read
Collapse of backwardation in Gasoil and Bean oil continues
We were looking at $135/mt backwardation from Mar to Dec 2023 in diesel in NorthWest Europe and are now looking at less than $40/mt. We...
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Henri Bardon
Feb 17, 20231 min read
Changes in Global oilseeds stocks (-3%) have resulted in massive price increases (+81%) since 2020
Soybean stock to use ratio dropped to 22% in Mar 2021 yet we are now back to 27% stock to use since that low, or up 5% yet prices have...
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Henri Bardon
Feb 16, 20231 min read
Baltic Dry index dives as does Heat cracks as world economy slows
BDI made a new low at 541 (on 3Nov of 2009, it made a low of 700). Although this is dry cargo, it is a good reflection of world economy...
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