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Henri Bardon
Mar 27, 20241 min read
China planned Apr exports break distillate backwardation
Gasoil screen backwardation to Dec is now down 41% this month while backwardation to sep is down 48%. China announced April export quota...
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Henri Bardon
Mar 18, 20241 min read
Soymeal futures crashing raises Oil-share above 42%
Despite blowout crush figures by NOPA at 186 M Bushels was +12% y-o-y but the impact is having a much more important role in Meal price...
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Henri Bardon
Mar 15, 20241 min read
Expected US Crush figures could be a record at +6% y-o-y
Soybean crush figures to be released by NOPA today would probably confirm 177-179 mbu crushed in Feb with screen oil share still at 41.5%....
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Henri Bardon
Mar 13, 20241 min read
GHG efficiency of Biofuels means less blending and larger exports from Germany
BLE has confirmed what was felt by all market traders that not only Biofuels usage has reached a plateau as feedstock choices have...
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Henri Bardon
Mar 11, 20241 min read
Gasoil flat price rises and backwardation to Sep drops to only +242% for last 3 months
Gasoil expires tmrw with ICE screen at $823 flat price while april trading $20/mt lower. Biodiesel F0 and RME showing large...
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Henri Bardon
Feb 27, 20241 min read
Biodiesel crush margin remain strong still up 53% in last 3 months
Gross margins on RME in Northwest Europe on the spot at at $226/mt as combination of strong diesel values and lower input prices continue...
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Henri Bardon
Feb 23, 20241 min read
Big drop in Gasoil backwardation while BOGO carry deepens
Big drop in Gasoil backwardation Mar/Sep in the last 10 days while BOGO for carrying charges/contango deepening as Mar showing +135 while...
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Henri Bardon
Feb 20, 20241 min read
EU about to face serious supply chain issues from Asia
Suez canal traffic is nosediving. This is having a serious impact on EU dependent imports for Biodiesel, feedstocks, Catalysts and many...
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Henri Bardon
Feb 15, 20241 min read
Soybean oil nearby spread Mar/May down 837% in last 3 months
yes it is correct, we moved from +.21 to (-).57 in such a short time while flat price only down 11%. What this tells me is that Bean...
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Henri Bardon
Feb 14, 20241 min read
POGO goes negative on strong Gasoil and poor vegoil demand
As announced by Oil world, Soybean exports from US, South America, Ukraine and Canada are down 9% in the period Dec/Jan 23/24. Question...
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Henri Bardon
Feb 12, 20241 min read
Gasoil backwardation in Europe remains stubbornly high
Backwardation to Mar is nearly $30/mt and nearly $90/mt to Sep with Dec showing $116/MT. Clearly with 77% of the backwardation focused...
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Henri Bardon
Feb 7, 20241 min read
Bio/Renewable diesel now replacing 60% of California diesel
At a large industry event in Fort Worth, TX - the Cleanfuels conference is clamoring huge US ramp up in renewable diesel that has broken...
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Henri Bardon
Feb 1, 20241 min read
Diesel backwardation to April explodes to +90% in last 3 months
We are looking at nearly $91/mt of backwardation on Diesel to Sep24 which is higher than what we saw in 2022. +142% in last 3 months for...
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Henri Bardon
Jan 23, 20241 min read
US used 62% of Used Cooking Oil exports from China in 2023 as feedstock for Renewable diesel
Customs data shows that China total exports of Used cooking oil in 2023 to all destinations was just over 2 Mil MT with US use of...
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Henri Bardon
Jan 22, 20241 min read
Panic exit from Soymeal, dopes oil share could be a trap
Despite massive demand for Soybean oil in the United states from an increase of 3.4 Mil MT to 13.6 Mil MT, we are seeing considerable...
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Henri Bardon
Jan 16, 20241 min read
NOPA release imminent with crush at all time high with no shortage of Soybeans or for that matter Soybean oil
Crush margin are not lying they are in a steep contango as crush exceeds demand for 2024 through Nov24. NOPA to released today will...
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Henri Bardon
Jan 11, 20241 min read
Biodiesel Crush margin has improved by nearly $1.64/gal or $492/mt since last July
No less than extraordinary move in synthetic crush margin on screen in 6 months despite tumbling diesel values, feedstocks have fallen...
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Henri Bardon
Jan 4, 20241 min read
EIA data shows extraordinary +31% expansion of Renewable diesel in US and hidden impact on feedstocks use
This chart shows how Renewable diesel is actually replacing much of the operable Biodiesel capacity through Oct. Total Renewable diesel...
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Henri Bardon
Jan 3, 20241 min read
Biodiesel trades firm up as Gasoil up +2.63% in the New Year
FAME finally trades at +335 which is above BOGO values of +302 as gasoil rebounds strongly. Soybeanoil was featureless and up only a...
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Henri Bardon
Dec 20, 20231 min read
Biodiesel/RD margin improves on year-end on both sides of Atlantic despite lower liquidity
Improvements in Biodiesel Gross margins in EU particularly notable on Rapeseed Methyl Ester as margin widens to $250/mt which is almost...
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