Gasoil Expiry Looms as Crush Margins Peak and Tariffs Roil Global Vegoil Markets
With July off the board, the entire biodiesel market has already transitioned to August trading. BOGO and BOHO values have softened, with BOGO now up just 4.8% over the last three months. In contrast, ICE gasoil continues to show strength, with the July contract up 36.27% in that period. The July/August backwardation in ARAG has surged past $75/mt, and with the July contract expiring tomorrow amid tight regional supply, traders are bracing for potential fireworks in the barge market.
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