top of page


Gasoil flat price rises and backwardation to Sep drops to only +242% for last 3 months
Gasoil expires tmrw with ICE screen at $823 flat price while april trading $20/mt lower. Biodiesel F0 and RME showing large...
Henri Bardon
Mar 11, 20241 min read
Â
Â
Â


Biodiesel crush margin remain strong still up 53% in last 3 months
Gross margins on RME in Northwest Europe on the spot at at $226/mt as combination of strong diesel values and lower input prices continue...
Henri Bardon
Feb 27, 20241 min read
Â
Â
Â


Big drop in Gasoil backwardation while BOGO carry deepens
Big drop in Gasoil backwardation Mar/Sep in the last 10 days while BOGO for carrying charges/contango deepening as Mar showing +135 while...
Henri Bardon
Feb 23, 20241 min read
Â
Â
Â


EU about to face serious supply chain issues from Asia
Suez canal traffic is nosediving. This is having a serious impact on EU dependent imports for Biodiesel, feedstocks, Catalysts and many...
Henri Bardon
Feb 20, 20241 min read
Â
Â
Â


Soybean oil nearby spread Mar/May down 837% in last 3 months
yes it is correct, we moved from +.21 to (-).57 in such a short time while flat price only down 11%. What this tells me is that Bean...
Henri Bardon
Feb 15, 20241 min read
Â
Â
Â


POGO goes negative on strong Gasoil and poor vegoil demand
As announced by Oil world, Soybean exports from US, South America, Ukraine and Canada are down 9% in the period Dec/Jan 23/24. Question...
Henri Bardon
Feb 14, 20241 min read
Â
Â
Â


Gasoil backwardation in Europe remains stubbornly high
Backwardation to Mar is nearly $30/mt and nearly $90/mt to Sep with Dec showing $116/MT. Clearly with 77% of the backwardation focused...
Henri Bardon
Feb 12, 20241 min read
Â
Â
Â


Bio/Renewable diesel now replacing 60% of California diesel
At a large industry event in Fort Worth, TX - the Cleanfuels conference is clamoring huge US ramp up in renewable diesel that has broken...
Henri Bardon
Feb 7, 20241 min read
Â
Â
Â


Diesel backwardation to April explodes to +90% in last 3 months
We are looking at nearly $91/mt of backwardation on Diesel to Sep24 which is higher than what we saw in 2022. +142% in last 3 months for...
Henri Bardon
Feb 1, 20241 min read
Â
Â
Â


US used 62% of Used Cooking Oil exports from China in 2023 as feedstock for Renewable diesel
Customs data shows that China total exports of Used cooking oil in 2023 to all destinations was just over 2 Mil MT with US use of...
Henri Bardon
Jan 23, 20241 min read
Â
Â
Â


Panic exit from Soymeal, dopes oil share could be a trap
Despite massive demand for Soybean oil in the United states from an increase of 3.4 Mil MT to 13.6 Mil MT, we are seeing considerable...
Henri Bardon
Jan 22, 20241 min read
Â
Â
Â


NOPA release imminent with crush at all time high with no shortage of Soybeans or for that matter Soybean oil
Crush margin are not lying they are in a steep contango as crush exceeds demand for 2024 through Nov24. NOPA to released today will...
Henri Bardon
Jan 16, 20241 min read
Â
Â
Â


Biodiesel Crush margin has improved by nearly $1.64/gal or $492/mt since last July
No less than extraordinary move in synthetic crush margin on screen in 6 months despite tumbling diesel values, feedstocks have fallen...
Henri Bardon
Jan 11, 20241 min read
Â
Â
Â


EIA data shows extraordinary +31% expansion of Renewable diesel in US and hidden impact on feedstocks use
This chart shows how Renewable diesel is actually replacing much of the operable Biodiesel capacity through Oct. Total Renewable diesel...
Henri Bardon
Jan 4, 20241 min read
Â
Â
Â


Biodiesel trades firm up as Gasoil up +2.63% in the New Year
FAME finally trades at +335 which is above BOGO values of +302 as gasoil rebounds strongly. Soybeanoil was featureless and up only a...
Henri Bardon
Jan 3, 20241 min read
Â
Â
Â


Biodiesel/RD margin improves on year-end on both sides of Atlantic despite lower liquidity
Improvements in Biodiesel Gross margins in EU particularly notable on Rapeseed Methyl Ester as margin widens to $250/mt which is almost...
Henri Bardon
Dec 20, 20231 min read
Â
Â
Â


SouthAmerica weather market pushes BOGO higher despite ICE gasoil rout
BOGO back up to +375 while spot FAME in Northwest Europe looks like a bargain at premium Vs ICE of +290. USDA last update the Brazil...
Henri Bardon
Dec 11, 20231 min read
Â
Â
Â


Bean oil breaks down below 50 c/lbs and SouthAm premiums under renewed pressure as weather improves
Looking for buyers even in Europe where Soybean oil now finally narrowing premium to Rapeseed oil to $55/mt but still showing an inverse...
Henri Bardon
Dec 6, 20231 min read
Â
Â
Â


US Renewable Diesel production up 74.5% Vs last year through Sep
Renewable Diesel production has already reached 30,845 Mil Gallons by end of September according to the EIA monthly data release....
Henri Bardon
Dec 3, 20231 min read
Â
Â
Â


BOGO down 38.5% in the last 3 months reflecting ample feedstock supplies
Although down significantly, BOGO is still up $100/mt since the beginning of Nov mostly about concerns of the South American crop...
Henri Bardon
Nov 28, 20231 min read
Â
Â
Â
bottom of page