Market report week 51

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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 20/12/2019
EUROS/USD 1,1123 1,099 1,1072 1,0938 1.1027 1,1067 1,1029 1,1011 1,1063 1,1142 1,1083
Brent close 62,52 60,88 66,03 62,05 60,04 63,32 64,58 65,90 66,47 67,65 68,55
NYMEX 56,05 55,12 54,81 56 54,81 57,59 57,73 58,17 59,25 60,16 60,48
BMD CPO Sept.2032 Oct.2222 2190. 2104. Nov.2149 Dec.2520 fev.2020 2748 2773 2858 2852 2915
RBD Olein FOB Sept .525 Oct.542,5 537,5 522,5 Nov.535 Dec.637,5 655 655 700 712,5 jan.722,5
CPO CIF R‘dam Sept.520 Oct.572,5 565 522 Nov.555 Dec.657,5 710 697,5 747,5 770 Janv.820
PFAD USD/MT 462,5 550 547,5 550 560 625 635 670 705 730
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 1045
CBT  oil Soya Oil  USD  Spot 2847 2864 2929 2862 2983 3043 3088 3037 3101 3260 3379
MATIF Rape seed Aout.379,75 381,5 Nov.383,5 385,75 383,75 Mai0. 386,5 384,75 384,5 391,5 394,25 403,25
EU Rape oil 772 Nov.Dec 805 Nov Janv .808 801 803 Dec.820 Dec.Janv .818 Janv.810 815 830 850
EU Soya Oil Sept.685 Nov.698 680 705 Nov.Janv.692 Dec.700 Janv.2020.690 692 Mars.720 738 778
EU Sun Oil  en USD 755 750 747,5 Nov Dec  750 Janv Mars.715 755 765 760 775 800 830
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2350 2350 2350 2350 2350 _ _ nc nc
human consumption FOB Morocco 2500 2500 2500 2500 2500 _ _ nc 2500
Aqua peru  FOB 1850 1850 1850 1850 1850 _ _ 1900 2000 2000
Omega 3 Feed pet food FOB Peru 2150 2150 2150 2150 2150 2150 2050 2050 nc 2300
Omega 3 Feed pet food FOB Morocco 200 2200 2200 2200 2200 2200 _ _ 2070 2150 2150
Salmon South America  C&F European Port 1150 1150 1150 1050 1050 1050 1050 1050 1050 1050 1050
Salmon   European production 1080 1080 1080 1080 1080 1070 1070 1070
Fish oils blend .Technical grade C&F European port 5% FFA 1100 1100 1100 1090 1090 1090 1090 1090 1050 1050 1050
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 560 560 560 560 560 560 560 560 560 600 600
European production 550 550 550 550 550 550 550 550 550 580 580
Animal Fat ex France  cat 3 530 530 530 530 530 530 530 530 530 660 660
5% FFA
Crude Glycerine
Feed 270 270 270 270 270 270 270 270 270 270 270
technical 180 180 180 180 180 180 180 180 180 110 110
PALM
Malaysian palm oil futures retreated on Monday as investors took profits after last week’s sharp gains, although concerns that production and stockpiles in early 2020 would be lower kept a floor under prices.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was down 6 ringgit, or 0.21%, at 2,906 ringgit ($701.59) by the midday break, after adding more than 2% last week.
Palm prices have jumped over 35% so far this year, hitting their highest since Feburary 2017 on Dec. 11, after two years of losses.
Analysts said trading is expected to be sluggish in the week ahead as the market eases into the holiday season.
« Palm prices were weaker on some profit taking after strong upside last week, » a Kuala Lumpur-based trader said.
The market is trying to adjust to expectations of reinstatement of taxes on crude palm oil exports from top producers Indonesia and Malaysia and implementation of higher biodiesel mandates, said Anilkumar Bagani, research head at Sunvin Group, a Mumbai-based vegetable oil broker.
Malaysia raised its export tax for crude palm oil for January, for the first time in one-and-a-half years, the Malaysian Palm Oil Board said last week. Indonesia is expected to follow suit.
Domestic consumption is expected to increase as Malaysia, the world’s second-largest producer of palm oil, plans to launch the B20 bio-diesel programme for the transport sector in phases by February next year.
Indonesia, the world’s top palm oil producer, on Monday launched biodiesel containing 30% palm-based fuel, the highest mandatory mix in the world, in a bid to slash its fuel import bill and boost domestic palm oil consumption.
EURO VEG OILS
Palm oil on the European vegetable oils market continued to rise on Friday, tracking stronger Malaysian palm oil futures on the back of concerns about falling production in 2020 against the outlook for increasing demand.
Asking prices for palm oil were mostly between unchanged $7.50 a tonne higher in slow trade ahead of the holiday period. Malaysian palm oil futures closed between 11 and 48 ringgit per tonne higher, with lower exports during the first 20 days of December exerting little reaction.
At 1700 GMT, CBOT soyoil futures were between flat and 0.06 cents per lb lower as a dip in energy markets outweighed support from pre-weekend technical buying. Softer energy prices could reduce demand for vegetable oils by biodiesel producers.
 A stronger dollar underpinned EU rapeoil with asking prices mostly up between two and four euros a tonne. Both lower energy markets and technical weakness in rapeseed futures limited gains.
 Coconut oil was mostly quoted between $10 and $15 a tonne lower on the back of a strong dollar, which weighs on dollar-priced products. Palmkernel oil was offered between unchanged and $5 a tonne up from Thursday, following gains in palm oil. The spread between coconut oil and the cheaper palmkernel oil was $30 a tonne for February/March shipment
SOYBEAN
Positioning ahead of year-end holidays lifted Chicago Board of Trade soybean futures on Friday, traders said.
Traders continued to doubt the potential for Chinese demand to meet a U.S. goal for $40 billion to $50 billion over the next two years.
But China will make good on a pledge to purchase more than $40 billion of U.S. agricultural products under the so-called Phase 1 trade deal between the two countries, China’s top agriculture consultancy said.
U.S. President Donald Trump spoke with Chinese President Xi Jinping and claimed progress on trade, but China said Xi accused the United States of interfering in its internal affairs.
Fish oil
PERU
There has been some speculation that the anchovy biomass is not as healthy as reported by Imarpe and a couple of companies have for a restricted period decided to cease fishing operation, while Imarpe in a statement have said that they are closely monitoring the situation at the same time discarding the possibility of a low biomass instead reporting that the intrusion of warm waters and a sudden weakening of the trade winds have affected the distribution and availability of the anchovy schools. On the other side, some signs that ocean conditions are now improving although difficult to predict how conditions will be affected by the arrival of summer and the formation of more accessible anchovy shoals.
Earlier today, the the Ministry imposed a 10-day fishing ban starting tomorrow from South Chicama to South of Pisco (basically all the N/C coast except the extreme North and a short range south of Pisco).
Still mostly quiet/cautious on both sides, we hear of some activity around $2000 fob for limited quantities available.
Bruno GEAY