Deep Discounts and Dollar Weakness Set the Stage for a Repricing
Markets opened quietly this week with Easter Monday and the Pope's passing (RIP) keeping most of Europe offline, but signals from energy and feedstock markets are anything but muted. ICE gasoil dropped over 2% to $619/mt, and the U.S. Dollar Index (DXY) broke below 98 for the first time since early 2022 — a move that could ripple through global trade flows. While physical biodiesel activity is stalled, these macro shifts are creating the potential for repricing across the biodiesel complex in the coming days.
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