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Henri Bardon
Nov 5, 20241 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 4, 20242 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 28, 20241 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...
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Henri Bardon
Oct 24, 20241 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....
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Henri Bardon
Oct 23, 20241 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...
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Henri Bardon
Oct 22, 20241 min read
Gasoil/Diesel sitting on lows and building contango
A very mixed picture on Gasoil/Diesel globally with a 16% drop in exports of petroleum products from China in September as the country's...
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Henri Bardon
Oct 20, 20241 min read
Record Rapeseed imports into EU +17% y-o-y
Once again, rapeseed is being imported into the EU at a record pace, and we can expect Canadian imports to reach the EU in Q4 considering...
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Henri Bardon
Oct 16, 20241 min read
Unusual deep discount of Bean oil Vs Palm oil (BOPO)
The trend has been steady and relentless and as we approach -$53/mt discount. Obviously the banning of Palm based biofuels in EU and in...
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Henri Bardon
Oct 15, 20241 min read
Demand side issues in energy spook Bio markets
Large front-end supplies in energy, much like what we have in oilseeds, are spooking markets today. Energy is down one full standard...
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Henri Bardon
Oct 13, 20241 min read
USDA doesn't surprise but Germany lower Biodiesel consumption does
Friday's USDA report was truly a non-event for the supply side as it simply reconfirmed that the world has ample inventories of oilseeds...
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Henri Bardon
Oct 9, 20242 min read
Singapore is now #1 exporter of Renewable Diesel in the world
July imports into the US of renewable diesel from Singapore reached an all-time high of 53.4 million gallons, which is 8% higher than...
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Henri Bardon
Oct 3, 20241 min read
Gasoil (ULSD) settles above $700/mt in hectic session, up $50/mt in a week
Gasoil was associated with an equally excited barge market in NWE as window traded frantically to insure Oct deliveries. Even screen...
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Henri Bardon
Oct 1, 20241 min read
EIA data shows 12% drop y-o-y in Jul Soyoil use for Biofuel use
Unfortunately, the EIA data is delayed by 2 months, but the trend of higher tallow use at +45% y-o-y and Yellow Grease at +26.79% looks...
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Henri Bardon
Sep 30, 20241 min read
Oilseed crops do not disappoint as production/crush rise
Sep 1 stock report on Soybeans was only slightly lower than expected in the US. Various reasons for this but mostly delayed exports...
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Henri Bardon
Sep 26, 20241 min read
Gasoil backwardation explodes higher +40% today
Despite large screen heat crack values and lower flat price, backwardation is exploding again through dec on amplified geopolitical...
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Henri Bardon
Sep 24, 20242 min read
US Oilseed crushers make a last attempt at changing 45z before elections and Jan 1 implementation
Last votes for the US Congress before the November elections will occur this Friday, and we note that a bill, the "Farmers First Fuel...
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Henri Bardon
Sep 23, 20241 min read
D4 RINs spike after US Govt shutdown resolved
If there was any doubts about Govt funding, it went out the window as CR (continuing resolution) approved this weekend for another 3...
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Henri Bardon
Sep 19, 20241 min read
US lobby pushes for suspension of RINs generation based on UCO/Tallow
RFA is pushing for a suspension of RINs generation on UCO/Tallow import portion of Biodiesel/Renewable diesel produced until the...
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Henri Bardon
Sep 18, 20241 min read
Expect reduced Vegetable oil stocks in EU next year
A second season of reduced EU vegetable oil stocks as crushers lower crush and sanctions reduce SFO imports from Russia. This will have...
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Henri Bardon
Sep 17, 20241 min read
Gasoil backwardation expands 115% today and drags biodiesel premium lower
Despite lower gasoil flat price in last 3 months down 14%, backwardation has returned suddenly. Premium for Northwest Europe FAME took a...
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