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China’s SAF Pivot Meets Spreads Flashing Red in Soy Complex
Europe is heading into its soybean harvest with expectations of a strong crop, mirroring the United States, where a record-breaking...
Henri Bardon
Aug 283 min read
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Soyoil Sep/Dec Spread Flashes Red Amid 24% D4 RIN Shortfall
EPA data released last Thursday, just before the SRE announcement, showed how sharply biomass-based diesel production is lagging. In the...
Henri Bardon
Aug 273 min read
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Biodiesel Window Ignites: RME Rally, POGO Bubble, and China’s Coverage Cliff
Sorry about delay today, caught COVID. Europe’s biodiesel trading window reopened with a surge of activity this Tuesday following the UK...
Henri Bardon
Aug 262 min read
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Garbage Duty, SREs, SAF — and the RVO Timing Trap
With UK gasoil markets closed for the bank holiday , today’s focus turns to the regulatory fractures shaping compliance behavior and...
Henri Bardon
Aug 253 min read
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D4s Bounce, RFS Bends: Exemptions Collide with Global Biofuel Flows
The biodiesel complex opened the week under heavy policy uncertainty as traders digested EPA’s sweeping action on small refinery...
Henri Bardon
Aug 243 min read
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Biodiesel Bulls Beware: Feedstock Glut Looms
Gasoil stayed soft, with Sep ICE NWE down $6.75/t to $653.25 and weakness across the curve. That slippage pushed BOGO to +$525/t,...
Henri Bardon
Aug 132 min read
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China Tariffs Keep U.S. Beans Out of the Game as Palm Oil Rally Crashes BOPO
The headline trade story today is the U.S.–China tariff extension. While both sides agreed to keep 24% duties suspended for another 90...
Henri Bardon
Aug 122 min read
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Brazil’s Export Pull Tightens Crush, Europe’s Margins Firm, Palm Lifts POGO
China imported 11.67 MMT of soybeans in July, a record for the month and up 19% year-on-year, taking MY24/25 imports to 84.22 MMT with...
Henri Bardon
Aug 112 min read
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SAF Premiums Explode While Europe Closes the Door on UCOME
Biodiesel and renewable diesel markets saw a surge in physical activity this week, with nearly 18kt reported transacted in the window —...
Henri Bardon
Aug 73 min read
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Biodiesel Window Defies August Lull as UCOME Commands Premium
Despite the prevailing summer slowdown, the biodiesel window market was surprisingly active today in Northwest Europe. UCOME traded up to...
Henri Bardon
Aug 62 min read
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The Sudden Demand Crash: Gasoil Falls, DXY on the Edge, Cracks Collapse
Gasoil prices broke down decisively again today, with the prompt ICE contract settling at $667/mt — now well below key technical levels....
Henri Bardon
Aug 52 min read
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Waiting on 45Z: Markets Stretched Ahead of Treasury’s Guidance Carbon Accounting Pivot
U.S. biofuel markets are facing a demand retrenchment just as production remains stubbornly high. The latest data from California’s LCFS...
Henri Bardon
Aug 43 min read
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EIA Biofuels Data Issued Today Shows Tallow and Corn Oil Still Eating Away at Soyoil
Newly released May data from the EIA confirms a 2.9% month-over-month increase in combined biodiesel and renewable diesel...
Henri Bardon
Jul 311 min read
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Trump vs. Grassley Shakes RFS Foundations as Biodiesel Flat Prices Drift Lower into Month-End
The biodiesel and renewable diesel (HVO/RD) markets ended July under pressure, but it was politics—not just prices—that stole the...
Henri Bardon
Jul 313 min read
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Chinese UCO Flows to US Revive—But Is It Really About Biofuels?
Imports of Chinese used cooking oil (UCO) into the United States have surged in recent weeks with the Trump tariff pause of 10%, with...
Henri Bardon
Jul 302 min read
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EPA Targets CARB as Renewable Diesel Capacity Runs Ahead of Margins
The most consequential shift in U.S. regulatory posture came today with the Trump administration’s proposal to repeal the 2009...
Henri Bardon
Jul 293 min read
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Global Diesel Scramble: Biofuel Flows Rerouted as Policy Walls Harden
Europe remains at the center of fuel market tension as diesel inventories trend dangerously low across ARA hubs. A rare VLCC shipment of...
Henri Bardon
Jul 283 min read
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Fraud Flares in Europe While U.S. Policy Stalls: Biofuel Markets Split
European biodiesel traders are digesting a double blow: new scrutiny from Brussels and a shifting arbitrage matrix for waste-based...
Henri Bardon
Jul 253 min read
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FAME Premium Surges as BOGO Breaks Out – Futures Diverge from Physical Reality
European biodiesel markets showed renewed strength today, with FAME 0 premiums rising to +635/mt over ICE gasoil, their highest in recent...
Henri Bardon
Jul 242 min read
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Palm Slips, Soy Soars, and BOPO Blows Out — Traders Brace for Policy Lull
The Northwest European biodiesel market held up well today despite a softening gasoil backdrop. RME traded at $1,369.50/mt flat price and...
Henri Bardon
Jul 232 min read
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