top of page
Henri Bardon
15 minutes ago1 min read
Oilseeds hangover cannot be wished away
Rapeseed oil spread with Soybean oil in Northwest Europe has narrowed to $20/mt while still holding its label as cheapest oil in Europe....
7 views0 comments
Henri Bardon
2 days ago2 min read
WTO pardons Palmoil while Beanoil returns to historical premium
Last Friday the WTO finally admitted that the European commission had discriminatded in a protectionistic fashion against Palm oil in its...
40 views0 comments
Henri Bardon
6 days ago1 min read
Soyoil Mar/May contango widens following 45z guidance inaction
Carrying charges for soyoil are now nearly -0.42 through May 25, reflecting the end of BTC and the advent of CFPC uncertainties under...
48 views0 comments
Henri Bardon
7 days ago2 min read
Release of the 45ZCF-GREET Model and Its Implications for Biodiesel/RD Feedstocks
Today U.S. Department of Energy’s release of the 45ZCF-GREET model  marks a significant evolution in evaluating lifecycle greenhouse gas...
538 views0 comments
Henri Bardon
Jan 152 min read
Rapeseed oil premium to Soyoil declining
The spread between rapeseed oil and soyoil is reaching a low of +20 Euro/mt in northwest Europe as the winter biodiesel season ends,...
32 views0 comments
Henri Bardon
Jan 132 min read
Despite uncertainty on 45z, soyoil export commitments support
Export commitments have been at an all-time high as US soyoil prices have been quite competitive. We have even seen 65Kt of soyoil...
106 views0 comments
Henri Bardon
Jan 102 min read
Biodiesel flat price spikes on Russia related sanctions
Full standard deviation higher for gasoil, which is up $50/mt since the end of year settlement. The announcement of sanctions on the...
57 views0 comments
Henri Bardon
Jan 92 min read
UCO Trade and SAF Production: Critical Connections in the Aviation Energy Transition
As major economies push ahead with sustainable aviation fuel (SAF) mandates in 2025, maintaining free trade in Used Cooking Oil (UCO) has...
39 views0 comments
Henri Bardon
Jan 72 min read
Palm oil trade into Europe drops another 16%
The EU 27 imported in 2024 just 1.365 million metric tons. Palm is being substituted out of the trade in Europe just like it has been in...
60 views0 comments
Henri Bardon
Jan 61 min read
Diesel Demand spikes in Asia on earlier dated CNY
Chinese New Year (CNY) is 12 days earlier than last year on Jan 29. China will export 17% less year-on-year for January of refined...
29 views0 comments
Henri Bardon
Jan 32 min read
Pricing of Soyoil remains inconsistent with Bio demand perspective
Despite the drop in vegetable oil stocks, the growth in oilseed stocks is +22.3%, while vegetable oil stocks are down 9%. This is a...
58 views0 comments
Henri Bardon
Jan 21 min read
US Biodiesel/RD Canola oil use spikes +37%
EIA data shows that overall feedstock use was up 15% in Oct24 vs. the year prior, with Yellow Grease showing the biggest drop in the mix,...
47 views0 comments
Henri Bardon
Dec 19, 20242 min read
Baltic Dry Index finally collapses down 40% for month
BDI finally fell 5% today, trading below 1000, reflecting the market situation for essential dry bulk cargo. The Clean Tanker Index...
27 views0 comments
Henri Bardon
Dec 18, 20241 min read
Ethanol policies impacting Biodiesel in both EU and US
A 24% decline in the Soy/Corn futures ratio is alerting U.S. farmers to grow less Soy as the U.S. plans to implement a permanent E15...
63 views0 comments
Henri Bardon
Dec 16, 20242 min read
SAF mandate in Europe sparks interest for US exports
Last August, when Europe extended countervailing duties against China biodiesel and HVO imports, it specifically excluded SAF . Is it...
100 views0 comments
Henri Bardon
Dec 11, 20242 min read
Dec Gasoil expires with heating oil screen-crack at high levels
Screen crack is still $23/Brl where it has been since week 44. This may explain the generally ample offers of distillate globally from...
29 views0 comments
Henri Bardon
Dec 10, 20241 min read
Palm oil gives up nearly one std deviation as Indonesia backtracks
Palm oil remains the highest yielding and lowest cost to produce compared to any comparable vegetable oil, despite being the most...
80 views0 comments
Henri Bardon
Dec 9, 20242 min read
Bean oil premium Vs Palm oil reaches -$200/mt
We have been in uncharted territory as Indonesia pushes forward with their 40% blending requirement by Jan1 despite the fact that Palm...
67 views0 comments
Henri Bardon
Dec 4, 20242 min read
Gasoil and Biodiesel backwardation collapses in Europe
News of a surge in ULSD exports from Russian Baltics in December to 1.4 million metric tons, a 23.2% increase over November, took the...
39 views0 comments
bottom of page