Market report week 39

Posted at 7 octobre 2019 By : Categories : Actualité Comment: 0 Comment
12/07/2019 19/07/2019 26/07/2019 02/09/2019 13/09/2019 27/09/2019
EUROS/USD 1,1273 1,1217 1,1123 1,099 1,1072 1,0938
Brent close 66,47 61,85 62,52 60,88 66,03 62,05
NYMEX 60,01 55,44 56,05 55,12 54,81 56
BMD CPO 1916 1905 Sept.2032 Oct.2222 2190. 2104.
RBD Olein FOB 492,5 497,5 Sept .525 Oct.542,5 537,5 522,5
CPO CIF R‘dam 487,5 490 Sept.520 Oct.572,5 565 522
PFAD USD/MT 442,5 437,5 462,5 550 547,5
c&f Rott spot
Coconut Oil Cif 645 665 Sept.Oct 740 Oct.Nov 745 715 Nov Dec .700
CBT  oil Soya Oil  USD  Spot 2831 2810 2847 2864 2929 2862
MATIF Rape seed 370,25 374 Aout.379,75 381,5 Nov.383,5 385,75
EU Rape oil 735 743 772 Nov.Dec 805 Nov Janv .808 801
EU Soya Oil Aout  .657 Aout .655 Sept.685 Nov.698 680 705
EU Sun Oil  en USD Juilet Sept .760 Oct.Dec  . 740 755 750 747,5 Nov Dec  750
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2300 2350 2350 2350 2350 2350
human consumption FOB Morocco 2500 2500 2500 2500 2500 2500
Aqua peru  FOB 1900 1850 1850 1850 1850 1850
Omega 3 Feed pet food FOB Peru 2250 2200 2150 2150 2150 2150
Omega 3 Feed pet food FOB Morocco 2150 2300 200 2200 2200 2200
Salmon South America  C&F European Port 1150 1150 1150 1150 1150 1050
Salmon   European production – – – – – 1080
Fish oils blend .Technical grade C&F European port 5% FFA 1000 1000 1100 1100 1100 1090
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 560 560 560 560 560 560
European production 550 550 550 550 550 550
Animal Fat ex France  cat 3 530 530 530 530 530 530
5% FFA
Crude Glycerine
Feed 270 270 270 270 270 270
technical 180 180 180 180 180 180
PALM
Malaysian palm oil futures dropped nearly 1% on Monday to a near eight-week low, dragged down by weaker soyoil prices in China.
Palm oil prices are impacted by movements in other vegetable oils, as they compete for a share in the global edible oils market.
« Palm outlooks point to some price increases, but short-term exports are still quite weak and palm output may still increase, » the trader said.
EURO VEG OILS
Palm oil eased today on the European vegetable oil market due to a stronger ringgit.
Asking prices for palm oil were mostly between $2.5 and $7.5 a tonne down from Thursday, mainly due to a stronger ringgit, which makes palm oil more expensive to holders of foreign currencies. Malaysian palm oil futures closed between 6 ringgits down and 2 ringgits up from Thursday
European crude palm oil prices are forecast to rise to $620 a tonne, or $570 free on board, by the second quarter of 2020 as stockpiles decline, James Fry, chairman of commodities consultancy LMC International, said last week.
EU rapeoil was offered between unchanged and five euros a tonne down from yesterday following weaker rapeseed futures.
Lauric oils were priced down from Thursday. Coconut oil was priced between $5 and $15 a tonne down from yesterday and palm kernel oil was offered in the range of $5 and $25 a tonne down. The price spread for Nov/Dec shipments between coconut oil and the cheaper palm kernel oil remained at $125.
SOYA
Chicago BoTard of Trade soybean futures slipped on Friday on technical selling, as traders began positioning ahead of a U.S. grain stocks report slated for Monday, traders said.
USDA’s monthly oilseed crushings report is expected to show that 5.369 million short tons, or 179.0 million bushels, of soybeans were processed in August, according to the average forecast of eight analysts surveyed by Reuters
FISH OIL
PERU
Still no fishing in the South and the total this year remains 2.397.600 mt (4.005.000 mt) and since 1 October last year 4.325.000 mt (4.011.000 mt), while the total in the South is still only 2846 mt against the Jul/Dec quota at 535.000 mt.
After completing the “egg counting” earlier this week (where preliminary reports indicate good findings in the North/Central), the acoustic cruise is scheduled to start today. With a sailing time of around 40 days this part of the research is likely to be completed around 5 November, which means that the season could start sometime first half November. The market is generally taking an optimistic view in regards to the quota, for the moment thinking that it will be set at no less than 2 mill mt.
No activity reported this week with little incentive on both sides.
Bruno GEAY