Market report week 50

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26/07/2019 02/09/2019 13/09/2019 27/09/2019 11/10/2019 15/11/2019 22/11/2019 29/11/2019 09/12/2019 13/12/2019
EUROS/USD 1,1123 1,099 1,1072 1,0938 1.1027 1,1067 1,1029 1,1011 1,1063 1,1142
Brent close 62,52 60,88 66,03 62,05 60,04 63,32 64,58 65,90 66,47 67,65
NYMEX 56,05 55,12 54,81 56 54,81 57,59 57,73 58,17 59,25 60,16
BMD CPO Sept.2032 Oct.2222 2190. 2104. Nov.2149 Dec.2520 fev.2020 2748 2773 2858 2852
RBD Olein FOB Sept .525 Oct.542,5 537,5 522,5 Nov.535 Dec.637,5 655 655 700 712,5
CPO CIF R‘dam Sept.520 Oct.572,5 565 522 Nov.555 Dec.657,5 710 697,5 747,5 770
PFAD USD/MT 462,5 550 547,5 550 560 625 635 670 705
c&f Rott spot
Coconut Oil Cif Sept.Oct 740 Oct.Nov 745 715 Nov Dec .700 710 dec Janv.820 925 Janv.Fev   915 Feb.Mars1015 1020
CBT  oil Soya Oil  USD  Spot 2847 2864 2929 2862 2983 3043 3088 3037 3101 3260
MATIF Rape seed Aout.379,75 381,5 Nov.383,5 385,75 383,75 Mai0. 386,5 384,75 384,5 391,5 394,25
EU Rape oil 772 Nov.Dec 805 Nov Janv .808 801 803 Dec.820 Dec.Janv .818 Janv.810 815 830
EU Soya Oil Sept.685 Nov.698 680 705 Nov.Janv.692 Dec.700 Janv.2020.690 692 Mars.720 738
EU Sun Oil  en USD 755 750 747,5 Nov Dec  750 Janv Mars.715 755 765 760 775 800
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2350 2350 2350 2350 2350 _ _ nc
human consumption FOB Morocco 2500 2500 2500 2500 2500 _ _ nc
Aqua peru  FOB 1850 1850 1850 1850 1850 _ _ 1900 2000
Omega 3 Feed pet food FOB Peru 2150 2150 2150 2150 2150 2150 2050 2050 nc
Omega 3 Feed pet food FOB Morocco 200 2200 2200 2200 2200 2200 _ _ 2070 2150
Salmon South America  C&F European Port 1150 1150 1150 1050 1050 1050 1050 1050 1050 1050
Salmon   European production 1080 1080 1080 1080 1080 1070 1070
Fish oils blend .Technical grade C&F European port 5% FFA 1100 1100 1100 1090 1090 1090 1090 1090 1050 1050
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 560 560 560 560 560 560 560 560 560 600
European production 550 550 550 550 550 550 550 550 550 580
Animal Fat ex France  cat 3 530 530 530 530 530 530 530 530 530 660
5% FFA
Crude Glycerine
Feed 270 270 270 270 270 270 270 270 270 270
technical 180 180 180 180 180 180 180 180 180 110
PALM
Malaysian palm oil futures rose on Monday, recovering from the previous session’s sharp fall, amid concerns over lower stockpiles and tracking gains in rival Chicago Board of Trade soyoil prices.
Poor rainfall in top producers Indonesia and Malaysia earlier this year is likely to curb yields of the tropical oil in the first half of 2020, according to traders and analysts.
Malaysia’s palm oil inventories fell to a three-month low in November due to a seasonal decline in production, while exports dropped on slowing purchases by top importers. However, the decline was slower than expected
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market
EURO VEG OILS
Palm oil on the European vegetable oils market eased slightly on Friday following softer Malaysian palm oil futures due to profit taking and because of a stronger ringgit.
A firmer ringgit makes palm oil more expensive for buyers holding foreign currencies and could reduce export demand, which weighs on futures.
EU rapeoil was mostly offered between flat and three euros per tonne higher, tracking gains in Chicago soyoil and supported by stronger energy prices.
Lauric oils were quoted between $5 and $30 a tonne higher following improved buying interest early in the day. The spread between coconut oil and the usually cheaper palmkernel oil was $75 a tonne for January/February shipment.
SOYA
Chicago Board of Trade soybean futures touched a three-week high on Friday after Washington and Beijing announced a « phase one » trade deal, but the market pared gains as traders awaited details about Chinese agricultural purchases.
Lighthizer said there would be specific targets for Chinese purchases of specific products, but those would not be made public to avoid distorting markets.
Argentine soy crushing giant Vicentin has halted most of its operations as the company battles to restructure its debt after defaulting earlier this month, three industry sources with direct knowledge of the situation .
PERU
The catch so far this week has continued to be disappointing and following in the pattern from last week with only 37.925 mt reported Monday-Wednesday, bringing the preliminary total in the North/Central area to 906.997 mt against the 2,786 mill mt quota.
Although an improvement is expected over the coming weeks (with an incoming colder Kelvin wave which should favor the concentration of schools), speculation is now more how much of the quota will be caught (i.e. not likely they will catch the full quota), with different scenarios and opinions that 10- 25% of the quota may remain uncaught.
Most producers still wish to see more production before considering sales, while others say they can consider smaller quantities for aqua around $2000 fob.
Bruno GEAY