Market report week 52

By : Categories : Actualité Comment: 0 Comment
11/10/2019 15/11/2019 22/11/2019 29/11/2019 09/12/2019 13/12/2019 20/12/2019 27/12/2019
EUROS/USD 1.1027 1,1067 1,1029 1,1011 1,1063 1,1142 1,1083 1,1204
Brent close 60,04 63,32 64,58 65,90 66,47 67,65 68,55 68,98
NYMEX 54,81 57,59 57,73 58,17 59,25 60,16 60,48 61,78
BMD CPO Nov.2149 Dec.2520 fev.2020 2748 2773 2858 2852 2915 3077
RBD Olein FOB Nov.535 Dec.637,5 655 655 700 712,5 jan.722,5 770
CPO CIF R‘dam Nov.555 Dec.657,5 710 697,5 747,5 770 Janv.820 845
PFAD USD/MT 560 625 635 670 705 730 nc
c&f Rott spot
Coconut Oil Cif 710 dec Janv.820 925 Janv.Fev   915 Feb.Mars1015 1020 1045 1115
CBT  oil Soya Oil  USD  Spot 2983 3043 3088 3037 3101 3260 3379 3473
MATIF Rape seed 383,75 Mai0. 386,5 384,75 384,5 391,5 394,25 403,25 407,5
EU Rape oil 803 Dec.820 Dec.Janv .818 Janv.810 815 830 850 865
EU Soya Oil Nov.Janv.692 Dec.700 Janv.2020.690 692 Mars.720 738 778 800
EU Sun Oil  en USD Janv Mars.715 755 765 760 775 800 830 845
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2350 _ _ nc nc nc
human consumption FOB Morocco 2500 _ _ nc 2500 2500
Aqua peru  FOB 1850 _ _ 1900 2000 2000 2000
Omega 3 Feed pet food FOB Peru 2150 2150 2050 2050 nc 2300 2300
Omega 3 Feed pet food FOB Morocco 2200 2200 _ _ 2070 2150 2150 2150
Salmon South America  C&F European Port 1050 1050 1050 1050 1050 1050 1050 1050
Salmon   European production 1080 1080 1080 1080 1070 1070 1070 1070
Fish oils blend .Technical grade C&F European port 5% FFA 1090 1090 1090 1090 1050 1050 1050 1050
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 560 560 560 560 560 600 600 600
European production 550 550 550 550 550 580 580 580
Animal Fat ex France  cat 3 530 530 530 530 530 660 660 660
5% FFA
Crude Glycerine
Feed 270 270 270 270 270 270 270 270
technical 180 180 180 180 180 110 110 110
PALM
Malaysian palm oil futures cut early losses on Monday to trade little changed, heading for their best year in a decade amid expectations of lower output and an increased push for biofuel usage in the world’s two top producers of the tropical oil.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell as much as 0.7% on profit-taking before recovering to trade 1 ringgit, or 0.03%, lower at 3,072 ringgit ($747.26) by the midday break.
Palm prices have soared over 44% this year, heading for their biggest yearly gain since 2009.
« Market is waiting for the full December production and export numbers, and India Palm oil duty changes in line with ASEAN agreement, » said Anilkumar Bagani, research head of Sunvin Group, a Mumbai-based vegetable oil broker.
Palm oil rallied 5.5% last week, jumping above the 3,000 ringgit for the first time in nearly three years, after the Malaysian Palm Oil Association and the Southern Peninsular Palm Oil Millers Association forecast production in December to fall more than expected from a month earlier at 16% and 27%, respectively, traders said.
Yield is expected to be lower in the first half of 2020 due to poor rainfall and lower fertiliser usage in top producers Malaysia and Indonesia earlier this year, according to traders and analysts.
EURO VEG OILS
Palm oil on the European vegetable oils market rose sharply following recent gains in Malaysian palm oil futures on concerns over December production versus increasing demand in 2020. Business was very slow as many players bridged from Christmas to the weekend.
    Asking prices for palm oil were between $30 and $40 a tonne up from December 24 following the Christmas break. Malaysian palm oil futures closed between 55 and 74 ringgit per tonne higher.
    “I would not be surprised if this bull run in palm oil would last until the Price Outlook Conference (on March 2, 2020),” one broker said.
    At 1700 GMT, CBOT soyoil futures were between 0.03 and 0.24 cents per lb up on technical buying and underpinned by sharply higher palm oil.
    EU rapeoil was offered firmer but there was a lack of buyers to test the current levels, which were supported by firmer Chicago soyoil and sharp technical gains in rapeseed futures.
    Lauric oils were offered between $25 and $65 a tonne higher, following strong palm oil and due to a weaker dollar, which underpins dollar-priced products. The spread between coconut oil and the usually cheaper palmkernel oil was $50 a tonne for February/March shipment
SOYBEAN
The USDA on Friday is expected to report that U.S. soybean export sales last week totaled 700,000 tonnes to 1.55 million tonnes, according to a Reuters survey of analysts.
Short covering and strength in Malaysian palm oil also helped support CBOT soy, analysts said.
FISH OIL
PERU
With the 10-days fishing ban imposed by the Ministry of production (plus some 5-day mini bans established as of today) we should not expect higher landings until next year. Actually, with the already commented decision of some producers to stop fishing operations, we would see very little if any landings until next January.
Bruno GEAY