top of page

Henri Bardon
Jul 30, 20241 min read
Record Tallow imports reduce Soyoil use in US Biofuels
Increased Tallow and processed oil imports has pushed Soyoil use in the biodiesel/Renewable diesel to nearly 30% from 60% 2 years ago. ...
54 views
0 comments

Henri Bardon
Jul 29, 20241 min read
Soyoil breaks down taking BOGO down 25%
When journalists don't know why a commodity breaks down, they attribute it to profit taking, since managed funds were mostly short grain...
61 views
0 comments

Henri Bardon
Jul 23, 20241 min read
Soyoil inverse remains strong despite renewed weakness in South American soyoil premiums
Soyoil backwardation to Dec ($37/mt) remains strong as US renewable diesel industry continues to draw upon all possible resources to...
14 views
0 comments

Henri Bardon
Jul 22, 20241 min read
Gasoil backwardation collapses in NWE
July gasoil went off board at +35/mt reflecting spot physical despite lower refining margins and demand in NW Europe. Futures reverted to...
5 views
0 comments

Henri Bardon
Jul 19, 20242 min read
EU releases Countervailing duties Vs China Biodiesel and HVO imports...corrected
EU finally announced the duties on Biodiesel imports from China which originally focuses on UCOME imports for which they started an...
73 views
0 comments

Henri Bardon
Jul 7, 20241 min read
backwardation collapses in gasoil and Biodiesel in NWE
Demand chills as Europe faces holidays doldrums Jul/Sep backwardation is down to -1.25 and probably not done yet. Even Jul/Dec gasoil...
78 views
0 comments

Henri Bardon
Jul 4, 20241 min read
Bean oil pops higher on China Indo Palm tariff speculation
Almost one standard deviation move higher on futures up to 48.75 but settling at 48.60 - this is nearly up $66/mt. Expected retaliation...
15 views
0 comments

Henri Bardon
Jul 2, 20241 min read
US crushers continue to panic at UCO arrivals from China
China exports of UCO to all destinations from Jan-May increased by +85% Vs 2023 driven mostly by subsidy rich US Renewable demand. ...
21 views
0 comments

Henri Bardon
Jun 27, 20241 min read
Diesel rally +$80/mt this month to nearly $800/mt
Backwardation of ICE gasoil Jul/Sep is now attempting to break +$5/mt while Sep/Dec has also rallied to +12.50/mt. Screen diesel (HO) is...
34 views
0 comments

Henri Bardon
Jun 26, 20241 min read
US Biomass Diesel up 30% in first 5 months of 2024
EPA, we have a serious issue that also begs question on how RINs have not fallen further to curtail production considering the increasing...
40 views
0 comments

Henri Bardon
Jun 25, 20241 min read
Biodiesel gross screen margin keeps rising +52% in last 3 months
Steady rise in heating oil/Gasoil and a drop in vegetable oil prices have boosted gross margin in both US and EU on Biodiesel. The...
32 views
0 comments

Henri Bardon
Jun 19, 20241 min read
Gasoil rally weakens BOGO further down -37% in last 3 months
Gasoil has rallied flat price nearly $85/mt since Jun6 with backwardation of Jul/dec rallying to +$19 (remind you we were at -$4 on Jun3)....
24 views
0 comments


Henri Bardon
Jun 18, 20241 min read
US accelerates global Renewable Diesel feedstock imports
Pace of US imports of alternative waste oils for Renewable diesel is accelerating with Brazilian tallow now joining the ranks of Used...
42 views
0 comments

Henri Bardon
Jun 13, 20241 min read
D4 RINs pricing lag despite overproduction of Biodiesel/RD
Clearly when one looks at LCFS credits, BOGO and BOHO who are all down nearly 35% since Jan2, you can only wonder why are the RINs not...
34 views
0 comments

Henri Bardon
Jun 13, 20241 min read
Biodiesel/RD margins remains strong +35% in last 3 months
Screen crush in Bio remains very healthy while USDA report did not indicate anything dire on the supply front. Soybean crops and stocks...
36 views
0 comments

Henri Bardon
Jun 11, 20241 min read
Soybean oil still trading well below 20 day wdma just like Diesel
Despite much stronger premiums for FOB paranagua Soyoil, we are treading water on soyoil futures. Some of this can be explained by the...
29 views
0 comments

Henri Bardon
Jun 6, 20241 min read
US Biodiesel imports from Jan to April rise +53% Vs last year
USDA showed that the US imported 208Kt last Apr mostly from Germany and Spain as main suppliers bringing overall imports for first 4...
21 views
0 comments

Henri Bardon
Jun 4, 20242 min read
Gasoil structure weakness weighing on Biodiesel markets
Jun/Dec gasoil structure is down 84% in last 3 months while flat price is down nearly 10%. Biodiesel flat price for FAME is now $1253/mt...
36 views
0 comments

Henri Bardon
Jun 3, 20241 min read
Jump of +26.5% y-o-y in feedstock usage in US for Biodiesel/Renewable diesel indicates continuing high production levels under RFS
The overall increase in feedstock usage hides the continued decline of Soyoil in the mix to tallow and Corn oil while Canola oil and...
76 views
0 comments

Henri Bardon
May 30, 20241 min read
Chinese SAF exports to UK surprise markets
in a market dominated by big players like NESTE, it would appear the Chinese exporters of SAF are making a name for themselves...
66 views
0 comments
bottom of page