The moves today yielded little trade as everyone recovering from the violent early Monday move in ICE gasoil and we are still >3% higher. Bean oil was also much higher at +4.3%. FAME 0 premium moved massively today dropping to +$443 from last week's +526. Backwardation also weakened massively for except for UCOME (waste) that remains at +94 flat price and +80 on premium for Q3/Q4. Screen crush margin has now reached negative $2.09 per gallon making any future biodiesel/RD crushing uneconomical.
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