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Biodiesel premium collapsing in Europe as Gasoil has spiked +46% in last 3 months
FAME and UCOME premium over gasoil in Northwest Europe dropped to +210 and +535 respectively on the spot market which is 46% less for F0...
Henri Bardon
Sep 11, 20231 min read
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Germany Biodiesel continues to be plagued by poor navigation & high backwardation on spot market
with Kaub water levels headed down again by next week, we are going to see continuing navigation problems on Rhine and continued reliance...
Henri Bardon
Sep 7, 20231 min read
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Renewable Diesel Capacity grows +12% in Jun which is+ 26% YTD
The incredible growth in Renewable Diesel (RD)capacity in US is impressive but despite conventional Biodiesel nameplate capacity...
Henri Bardon
Sep 6, 20231 min read
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US imports reach 543K MT of UCO for Renewable Diesel production through end of Jun
China Used Cooking Oil imports account for 233Kt of this amount with the rest coming from Australia, South America and Canada. Renewable...
Henri Bardon
Aug 31, 20231 min read
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RINs drop as July RINs generation confirms over-generation
1.98 Billion RINs were generated in July which is 16% higher than last year considering that RVO (Renewable Volume Obligation) have...
Henri Bardon
Aug 23, 20231 min read
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Gasoil (Diesel) backwardation spiking through April24 at $/MT108.50
No other way to state but "Houston there is a serious problem here" for Northwest Europe Diesel supply. This is not being helped by...
Henri Bardon
Aug 20, 20231 min read
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EU orders registration of all imported biodiesel cargo from China
Looks like EU producer's complaints finally yielded some results with EU Commission although no evidence has been shown publicly to...
Henri Bardon
Aug 17, 20231 min read
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Insane backwardation in US Bean oil while SouthAmerican premiums making new lows
Paranagua Soybean oil for Sep is offered at -2500 showing an enormous contango in South America premiums while US Soyoil backwardation of...
Henri Bardon
Aug 17, 20231 min read
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Biodiesel Crush margins tanking, down >100% in last 3 months
Despite record crack margin for fossil fuel refiners nearly $46/barrel, biodiesel margins have been weakening at significant pace. There...
Henri Bardon
Aug 16, 20231 min read
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Soybean Global Stocks excluding China now forecasted up 22.5%
According to the latest WASDE released on Friday, soybean stocks outside of China are forecasted up +22.5% which is significant yet...
Henri Bardon
Aug 14, 20231 min read
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Diesel backwardation spikes ominously higher +666% in last 3 months
Biodiesel FAME premiums over gasoil crash more than $70/mt to +$254 over Northwest Europe Gasoil to a flat price of $1174/mt which is...
Henri Bardon
Aug 11, 20231 min read
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As expected, refiners appeal EPA over Small Refiners Exemption (SRE) in endless battle
Although this behavior is consistent, it keeps a significant chunk of RINs liability on the books that refiners are keeping just in case...
Henri Bardon
Aug 4, 20231 min read
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Biodiesel Crush Margin for September improves this past month
We have had an improvement of 50 c/gallon or $150/mt in screen margin but with RINs still at 1.51, both RD and Biodiesel makes sense...
Henri Bardon
Aug 2, 20231 min read
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Bean Oil Gasoil spread trading at significant premium to Biodiesel physical
It is not a surprise that Europe is shipping increasingly high levels of Biodiesel to USA. In fact through end of May shipments are +148%...
Henri Bardon
Jul 30, 20231 min read
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3:2:1 Crack margins explode higher but Biodiesel crush margins get hammered
The moves today yielded little trade as everyone recovering from the violent early Monday move in ICE gasoil and we are still >3% higher....
Henri Bardon
Jul 24, 20231 min read
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Renewable diesel production exceeds RFS requirements
Notwithstanding the fact that most renewable diesel is sold in California/Oregon, EPA has announced that in May we exceeded production of...
Henri Bardon
Jul 20, 20231 min read
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Biodiesel explodes as Rhine River forecast slows navigation in EU
Flat price level in Northwest Europe for Biodiesel exploded higher to nearly $1500 on UCOME or $744 over ICE gasoil. We have not seen...
Henri Bardon
Jul 18, 20231 min read
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Bean oil futures have destroyed Biodiesel crush margins for Q4
Bean oil as expressed as a % of Gasoil has reached 1.85 up nearly 18% in last 3 months. Although prior to this spike, we can deduce that...
Henri Bardon
Jul 17, 20231 min read
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World production of Vegetable oils just keeps going higher
Despite this abundance of Vegetable oils, oilshare has gone from 35% to 45% in the last 2 months. US renewable diesel ramp up continues...
Henri Bardon
Jul 10, 20231 min read
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US Bean oil disconnects from world market with implied volatility spiking to 40% in options
Bean oil/Palm oil (BOPO) futures spread has gone to $678/mt since early Jun in an unprecedented spike in Bean oil. Best bids for FOB...
Henri Bardon
Jul 5, 20231 min read
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