Market report week 15

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24/02/2020 28/02/2020 06/03/2020 13/03/2020 20/03/2020 27/03/2020 03/04/2020 10/04/2020
EUROS/USD 1,0819 1,1041 1,1468 1,1139 1,0856 1,1095 1,0821 1,0949
Brent close 57,62 52,65 34,43 31,74 23,71 21,39 33,99 32,40
NYMEX 51,94 45,92 29,78 30,73 22,68 20,75 28 23,6
BMD CPO 2621 2403 2464 2323         Avril.2321         Mai.2426 2296 2365
RBD Olein FOB Avril.665 585 612,5 580 560 605 Mai.572,5 585
CPO CIF R‘dam Avril.715 630 642,5 605 587,5 610 Mai.587,5 592,5
PFAD USD/MT 747 710 727,5 680 665 675 660 665
c&f Rott spot
Coconut Oil Cif Mars.Avril 880 815 870 Avril.Mai 840 800 Mars.Juin.865 Mai.Juin .860 865
CBT  oil Soya Oil  USD  Spot 3006 2831 2848 2611 2564 2685 2643 2741
MATIF Rape seed Aout.388,25 372,75 371 353,5 349 360,25 366,5 370,75
EU Rape oil Avril.813 775 773 Aout.698,5 Aout oct.687 695 705 728
EU Soya Oil Avril.715 690 680 640 Juin.615 660 620 630
EU Sun Oil  en USD Avril.Juin 750 715 735 705 680 680 Jlt .Sept.720 760
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru nc nc nc nc nc 2600 2600 2600
human consumption FOB Morocco 2500 2500 2500 2500 2500 2500 2500 2500
Aqua peru  FOB 2000 nc nc nc nc 2000 2000 2000
Omega 3 Feed pet food FOB Peru 2300 2400 2400 2400 2400 2400 2400 2400
Omega 3 Feed pet food FOB Morocco 2150 `nc `nc `nc `nc 2400 2400 2400
Salmon South America  C&F European Port 1050 1050 1050 1050 1050 1050 1050 1050
Salmon   European production 1070 1070 1070 1070 1070 1100 1100 1100
Fish oils blend .Technical grade C&F European port 5% FFA 1050 980 950 950 950 950 950 950
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 600 600 600 600 600 600 600 600
European production 580 580 580 580 580 580 580 580
Animal Fat ex France  cat 3 660 660 660 660 660 660 600 600
5% FFA
Crude Glycerine
Feed 150 150 320 320 320 320 320 350
technical 100 100 100 100 100 100 100 150
PALM
– Malaysian palm oil futures gave up early gains to trade lower on Friday on expectations of higher March output and steady exports this month, but the contract was poised for a weekly gain amid supply disruption concerns in the world’s second-largest producer.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange fell 15 ringgit, or 0.65%, to 2,289 ringgit ($9,946.12) per tonne by the midday break, after Thursday’s more than 2% drop.
Data released by the Malaysian Palm Oil Board after the break showed palm oil stocks last month rose 1.67% from a month earlier, while production climbed 8.4%.
Expectations of steady April shipments held prices above 2,300 ringgit in early trade, « but rising production, much lower domestic consumption and concerns over the biodiesel mandate in Indonesia and Malaysia are causing a price imbalance, » said Marcello Cultrera, institutional sales manager at Phillip Futures in Kuala Lumpur.
EURO VEG OILS
Palm oil on the European vegetable oils market eased on Thursday in  slow trade ahead of the long Easter break, following losses in Malaysian palm oil futures on worries that the coronavirus pandemic could disrupt global demand for quite some time.
Asking prices for palm oil were mostly between $5 and $10 a tonne lower after Malaysian palm oil futures closed between 21 and 59 ringgit per tonne higher.
At  1630 GMT, CBOT soyoil futures were between 0.11 and 0.24 cents per lb lower on positioning  ahead of fresh USDA crop and supply/demand reports which were released too late  in the European afternoon on Thursday for European traders to react to.  Stronger energy prices also underpinned vegetable oils as it could improve  demand from biodiesel makers.
EU rapeoil was mostly quoted between flat and three euros per tonne lower due to slack demand ahead of the four-day Easter break. A weaker dollar also weighed on euro-priced products.
Markets are closed on Friday, April 10, for Good Friday and on Monday, April 13, for Easter Monday, trading will resume on Tuesday, April 14.
SOYBEAN
Chicago Board of Trade soybeans rallied on Thursday after the U.S. Department of Agriculture raised soybean supply outlooks higher than market expectations, while also forecasting a higher soymeal crush to meet growing livestock feed needs.
USDA pegged soybean ending stocks at 480 million bushels. Analysts had been expecting soybean ending stocks of 430 million bushels, based on the average of estimates in a Reuters poll.
 U.S. markets will be closed on Friday in observance of the Good Friday holiday.
The U.S. Department of Agriculture on Thursday lowered its outlook for U.S. soybean exports by 50 million bushels. The cut to soybean exports was partially offset by increasing the amount of soybeans used by crushers by 20 million bushels.
The rising crush figure reflected increased soymeal demand from livestock producers seeking to replace distillers dried grains, a corn-based feed that is a co-product of ethanol production, in their animals’ diets.
FISH OIL
PERU – The state of emergency in response to the global Covid-19 crisis will last until 12 April (in the first round). The coming season in the North/Central expected to start early May (where they in the meantime are exploring the possibilities that some of the workforce can return for necessary maintenance ahead of the start, with strict supervision on isolation, rapid testing etc. in view of the ongoing corona situation). On the quota, most expect a conservative number with a late start to a short season, some speculations around 2 mill mt but few signals so far from the scientists on their findings (who are currently working from home). 
The market has remained quiet with limited unsold stocks and cautious buyers, waiting the quota and the developments of the coronavirus.
CHILE – The start of the sardine/anchovy season last week in the main Southern VIII region BioBio has been positive both on catch and oil yields, although too early to draw any conclusions after just a short period of fishing. 
BGEAY