The biofuel industry is evolving rapidly, driven by technological advances, shifting regulations, and growing environmental concerns....

Vegetable oils closed the week firmer, though with different signals across forward curves. Palm oil futures for the 2026 strip climbed back above 1,000, with the front months up $21–24 (+2.0–2.4%) despite remaining 2.5–5% below levels from three months ago. Bean oil followed, with ZLZ5 at 51.8 cents (+1.75%) and about +0.9 to +1.0 cents across the curve. Structure widened slightly, with ZLZ5/ZLH26 at –0.79 and ZLZ5/ZLK26 at –1.08. BOPO eased to roughly +145 but remains more

The short Thanksgiving week delivered a dramatic shift in distillates. The ICE gasoil Dec/Apr backwardation—nearly +$100/mt at its 18 November peak—has collapsed to +$36.25/mt today, a structural break that resets front-end sentiment across diesel, HVO, and SAF. Asian cash markets confirm the same adjustment: Singapore 10ppm gasoil diffs slipped again to +$1.90/bbl , refining margins softened to $23/bbl , and traders are weighing diversions eastward as freight costs climb.

Europe opened the week with clear downward pressure as front-month ICE gasoil fell to 683.13, taking roughly 10% out of the backwardation down the curve. With the diesel risk premium collapsing on growing confidence in a Ukraine peace framework, biodiesel flat prices in ARAG adjusted lower. FAME 0 traded around 1,290/mt, RME around 1,465/mt, and UCOME close to 1,530/mt. HVO Class 2 eased toward 2,450/mt while SAF held in the 2,820–2,860/mt range. The physical barge market re