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Palm (POGO) rises and buoys vegetable oils as Indonesia targets 50% bio-blend
POGO measures the relative costs of Crude Palm Oil versus diesel, and it appears that the Indonesian government is not shy about...
Henri Bardon
Oct 23, 20241 min read
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Gasoil/Diesel sitting on lows and building contango
A very mixed picture on Gasoil/Diesel globally with a 16% drop in exports of petroleum products from China in September as the country's...
Henri Bardon
Oct 21, 20241 min read
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Record Rapeseed imports into EU +17% y-o-y
Once again, rapeseed is being imported into the EU at a record pace, and we can expect Canadian imports to reach the EU in Q4 considering...
Henri Bardon
Oct 20, 20241 min read
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Unusual deep discount of Bean oil Vs Palm oil (BOPO)
The trend has been steady and relentless and as we approach -$53/mt discount. Obviously the banning of Palm based biofuels in EU and in...
Henri Bardon
Oct 16, 20241 min read
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Demand side issues in energy spook Bio markets
Large front-end supplies in energy, much like what we have in oilseeds, are spooking markets today. Energy is down one full standard...
Henri Bardon
Oct 15, 20241 min read
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USDA doesn't surprise but Germany lower Biodiesel consumption does
Friday's USDA report was truly a non-event for the supply side as it simply reconfirmed that the world has ample inventories of oilseeds...
Henri Bardon
Oct 13, 20241 min read
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Singapore is now #1 exporter of Renewable Diesel in the world
July imports into the US of renewable diesel from Singapore reached an all-time high of 53.4 million gallons, which is 8% higher than...
Henri Bardon
Oct 9, 20242 min read
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Gasoil (ULSD) settles above $700/mt in hectic session, up $50/mt in a week
Gasoil was associated with an equally excited barge market in NWE as window traded frantically to insure Oct deliveries. Even screen...
Henri Bardon
Oct 3, 20241 min read
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EIA data shows 12% drop y-o-y in Jul Soyoil use for Biofuel use
Unfortunately, the EIA data is delayed by 2 months, but the trend of higher tallow use at +45% y-o-y and Yellow Grease at +26.79% looks...
Henri Bardon
Oct 1, 20241 min read
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Oilseed crops do not disappoint as production/crush rise
Sep 1 stock report on Soybeans was only slightly lower than expected in the US. Various reasons for this but mostly delayed exports...
Henri Bardon
Sep 30, 20241 min read
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Gasoil backwardation explodes higher +40% today
Despite large screen heat crack values and lower flat price, backwardation is exploding again through dec on amplified geopolitical...
Henri Bardon
Sep 26, 20241 min read
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US Oilseed crushers make a last attempt at changing 45z before elections and Jan 1 implementation
Last votes for the US Congress before the November elections will occur this Friday, and we note that a bill, the "Farmers First Fuel...
Henri Bardon
Sep 24, 20242 min read
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D4 RINs spike after US Govt shutdown resolved
If there was any doubts about Govt funding, it went out the window as CR (continuing resolution) approved this weekend for another 3...
Henri Bardon
Sep 23, 20241 min read
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US lobby pushes for suspension of RINs generation based on UCO/Tallow
RFA is pushing for a suspension of RINs generation on UCO/Tallow import portion of Biodiesel/Renewable diesel produced until the...
Henri Bardon
Sep 19, 20241 min read
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Expect reduced Vegetable oil stocks in EU next year
A second season of reduced EU vegetable oil stocks as crushers lower crush and sanctions reduce SFO imports from Russia. This will have...
Henri Bardon
Sep 18, 20241 min read
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Gasoil backwardation expands 115% today and drags biodiesel premium lower
Despite lower gasoil flat price in last 3 months down 14%, backwardation has returned suddenly. Premium for Northwest Europe FAME took a...
Henri Bardon
Sep 17, 20241 min read
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USDA report day shows large new crops and inventories
Nothing surprising about the WASDE report today except the confirmation of large crops everywhere and ample inventories. Gasoil in...
Henri Bardon
Sep 12, 20242 min read
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Asian markets add pressure to vegetable oil weakness
BOPO (Bean Oil Vs CPO) in metric tons went nearly negative today as soft oil pressure is strong in Asia with large volumes of SFO from...
Henri Bardon
Sep 11, 20241 min read
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ICE Gasoil returns to test 2021 lows
Don't usually like to follow monthly charts but I believe it is timely to look at ICE gasoil monthly chart that seem to indicate we are...
Henri Bardon
Sep 10, 20241 min read
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Rapeseed farmers in Germany calling out double-counting
The use of UCO and advanced Biofeedstocks like POME (palm oil effluent) has been consistently displacing crop based biodiesel/HVO and...
Henri Bardon
Sep 5, 20242 min read
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