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Oct RIN generation data show massive +16.5% monthly y-o-y increase
EPA releasted RIN October data last Friday and as expected RIN generation continues to rocket higher yet RIN values remain stable for...
Henri Bardon
Nov 20, 20231 min read
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Contango suddenly returns to both energy and vegetable oils
14% move today in the Dec23/Apr24 contango for Gasoil. Considering that we are down 26.5% in the last 3 months, that is a large one day...
Henri Bardon
Nov 17, 20231 min read
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NOPA crushing all time high as US renewable diesel continues to ramp up
NOPA Oct crush numbers (189.7 Mil bush or 5.1 Mil mt) don't lie and are fresh enough (monthly) to tell us what is happening on feedstock...
Henri Bardon
Nov 16, 20231 min read
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Biodiesel screen crush margin drops 23.5% as vegoil recover on SouthAm weather markets
Early high temperatures in SouthAmerica have spooked trade on crop prospects although we are only maybe 30 days into a 90 days crop...
Henri Bardon
Nov 14, 20231 min read
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Gasoil expiry throws Biodiesel into deeper contango
FAME spot flat price is now finally below $1000 at $978/MT. Q4/Q2 FAME is contango now -83 in premium and -39 flat price. UCOME is...
Henri Bardon
Nov 10, 20231 min read
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Gasoil tires near expiration, BOGO up 10% today, Germany exceeding Biodiesel mandate like US
Sep Gasoil expired at 1011.75 while Oct expired at 889.25, we are now looking at testing support 50DWMA 844.11. Gasoil will expire...
Henri Bardon
Nov 7, 20231 min read
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Soybean oil headed to next support levels of 44?
Always good to take a look at charts during a holiday in Europe. With US bean harvest over and crush margin inverted by close to 50...
Henri Bardon
Nov 1, 20231 min read
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US now accounts for 38% of China UCO exports
2023 exports of UCO through Sep from China are slightly higher than last year taking some of the slack exhibited by Europe. German Diesel...
Henri Bardon
Oct 31, 20231 min read
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Is Palm Oil Set to Drag Down Vegetable Oil prices?
Growing stocks in both Malaysia and Indonesia will push down Palm oil prices as demand remains poor and stocks growing in both Malaysia...
Henri Bardon
Oct 27, 20231 min read
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BOGO down 56.5% in last 3 months while Biodiesel cash values heavily discounted in Northwest Europe
BOGO sits at $130 premium to spot FAME in Northwest Europe. FAME trades today at +153 over ICE Gasoil or $1036.58. The whole market in...
Henri Bardon
Oct 25, 20231 min read
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Gasoil up 24% in last 3 months and BOGO down 56%
We are on verge of breaking key supports on BOGO as we are now trading at +277 over ICE Gasoil and we must watch +210 support area. EU...
Henri Bardon
Oct 20, 20231 min read
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Gasoil Backwardation breaking down in NWEurope and Biodiesel follows
Nov/Apr backwardation that was near $100/MT last week has now broken down to +$78.5. We can also see that premiums for Biodiesel are now...
Henri Bardon
Oct 17, 20231 min read
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WASDE/USDA report shows lower US soy production, injects some hope in RINs value for Biodiesel
When you look at the WASDE report issued on Thursday night last week, we can see that the only reason we bounced higher is that US...
Henri Bardon
Oct 15, 20231 min read
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Gasoil options open interest show a strong bullish bias and BOGO down 46%
Gasoil moved quickly from 845.50 after lifting of the Russian export ban but are now back up above $900 and still below late Sep values. ...
Henri Bardon
Oct 10, 20232 min read
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Backwardation in NWE Gasoil breaksdown $30/mt as flat price crashes 5%
Biodiesel premium move $75/mt higher in ARAG to +345 while Dec BOGO is +408. This is the narrowest spread we have seen in months btw FAME...
Henri Bardon
Oct 6, 20231 min read
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Harvest progress at 25%, D4 RINs stay below $1 but Biodiesel crush margin takes a pause
Screen Margins for Biodiesel have improved nearly +60% in last 3 months but Diesel/Gasoil rally finally took a pause. Harvest progress...
Henri Bardon
Oct 4, 20231 min read
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unprecedented low water levels for Navigation on both side of the Atlantic: Mississippi & Rhine
Don't think I can remember a situation where both US and Europe waterways were so hampered by low water navigation levels although it is...
Henri Bardon
Oct 3, 20231 min read
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Harvest weather in US excellent while Europe faces further Rhine navigation issues
Seems both Europe and upper Mississippi facing low water navigation issues putting strains on logistics. Winter Biodiesel RME is showing...
Henri Bardon
Sep 28, 20231 min read
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Renewable diesel production breaks records with RINs diving to $1
As predicted Aug RINs biomass generation reaches a yearly 5.04 Billion Gal or 98% of this years mandate with 57% of this total accounted...
Henri Bardon
Sep 25, 20231 min read
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Palm Oil, the unwanted biofuel feedstock, is trading at steep discount to Gasoil
Palm oil was already trading well below its 200day dwma and still looks like it is headed much lower. High stock levels ahead of peak...
Henri Bardon
Sep 24, 20231 min read
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