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Henri Bardon
Oct 20, 20231 min read
Gasoil up 24% in last 3 months and BOGO down 56%
We are on verge of breaking key supports on BOGO as we are now trading at +277 over ICE Gasoil and we must watch +210 support area. EU...
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Henri Bardon
Oct 17, 20231 min read
Gasoil Backwardation breaking down in NWEurope and Biodiesel follows
Nov/Apr backwardation that was near $100/MT last week has now broken down to +$78.5. We can also see that premiums for Biodiesel are now...
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Henri Bardon
Oct 15, 20231 min read
WASDE/USDA report shows lower US soy production, injects some hope in RINs value for Biodiesel
When you look at the WASDE report issued on Thursday night last week, we can see that the only reason we bounced higher is that US...
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Henri Bardon
Oct 10, 20232 min read
Gasoil options open interest show a strong bullish bias and BOGO down 46%
Gasoil moved quickly from 845.50 after lifting of the Russian export ban but are now back up above $900 and still below late Sep values. ...
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Henri Bardon
Oct 6, 20231 min read
Backwardation in NWE Gasoil breaksdown $30/mt as flat price crashes 5%
Biodiesel premium move $75/mt higher in ARAG to +345 while Dec BOGO is +408. This is the narrowest spread we have seen in months btw FAME...
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Henri Bardon
Oct 4, 20231 min read
Harvest progress at 25%, D4 RINs stay below $1 but Biodiesel crush margin takes a pause
Screen Margins for Biodiesel have improved nearly +60% in last 3 months but Diesel/Gasoil rally finally took a pause. Harvest progress...
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Henri Bardon
Oct 3, 20231 min read
unprecedented low water levels for Navigation on both side of the Atlantic: Mississippi & Rhine
Don't think I can remember a situation where both US and Europe waterways were so hampered by low water navigation levels although it is...
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Henri Bardon
Sep 28, 20231 min read
Harvest weather in US excellent while Europe faces further Rhine navigation issues
Seems both Europe and upper Mississippi facing low water navigation issues putting strains on logistics. Winter Biodiesel RME is showing...
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Henri Bardon
Sep 25, 20231 min read
Renewable diesel production breaks records with RINs diving to $1
As predicted Aug RINs biomass generation reaches a yearly 5.04 Billion Gal or 98% of this years mandate with 57% of this total accounted...
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Henri Bardon
Sep 24, 20231 min read
Palm Oil, the unwanted biofuel feedstock, is trading at steep discount to Gasoil
Palm oil was already trading well below its 200day dwma and still looks like it is headed much lower. High stock levels ahead of peak...
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Henri Bardon
Sep 11, 20231 min read
Biodiesel premium collapsing in Europe as Gasoil has spiked +46% in last 3 months
FAME and UCOME premium over gasoil in Northwest Europe dropped to +210 and +535 respectively on the spot market which is 46% less for F0...
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Henri Bardon
Sep 7, 20231 min read
Germany Biodiesel continues to be plagued by poor navigation & high backwardation on spot market
with Kaub water levels headed down again by next week, we are going to see continuing navigation problems on Rhine and continued reliance...
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Henri Bardon
Sep 6, 20231 min read
Renewable Diesel Capacity grows +12% in Jun which is+ 26% YTD
The incredible growth in Renewable Diesel (RD)capacity in US is impressive but despite conventional Biodiesel nameplate capacity...
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Henri Bardon
Aug 31, 20231 min read
US imports reach 543K MT of UCO for Renewable Diesel production through end of Jun
China Used Cooking Oil imports account for 233Kt of this amount with the rest coming from Australia, South America and Canada. Renewable...
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Henri Bardon
Aug 23, 20231 min read
RINs drop as July RINs generation confirms over-generation
1.98 Billion RINs were generated in July which is 16% higher than last year considering that RVO (Renewable Volume Obligation) have...
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Henri Bardon
Aug 20, 20231 min read
Gasoil (Diesel) backwardation spiking through April24 at $/MT108.50
No other way to state but "Houston there is a serious problem here" for Northwest Europe Diesel supply. This is not being helped by...
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Henri Bardon
Aug 17, 20231 min read
EU orders registration of all imported biodiesel cargo from China
Looks like EU producer's complaints finally yielded some results with EU Commission although no evidence has been shown publicly to...
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Henri Bardon
Aug 17, 20231 min read
Insane backwardation in US Bean oil while SouthAmerican premiums making new lows
Paranagua Soybean oil for Sep is offered at -2500 showing an enormous contango in South America premiums while US Soyoil backwardation of...
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Henri Bardon
Aug 16, 20231 min read
Biodiesel Crush margins tanking, down >100% in last 3 months
Despite record crack margin for fossil fuel refiners nearly $46/barrel, biodiesel margins have been weakening at significant pace. There...
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Henri Bardon
Aug 14, 20231 min read
Soybean Global Stocks excluding China now forecasted up 22.5%
According to the latest WASDE released on Friday, soybean stocks outside of China are forecasted up +22.5% which is significant yet...
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