Market report week 21

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03/04/2020 10/04/2020 17/04/2020 24/04/2020 01/05/2020 08/05/2020 15/05/2020 22/05/2020
EUROS/USD 1,0821 1,0949 1,0847 1,0856 1,094 1,0844 1,082 1,0877
Brent close 33,99 32,40 27,19 20,67 18,26 30,68 33,77 35,28
NYMEX 28 23,6 23,44 15,1 18,73 24,54 31,02 33,62
BMD CPO 2296 2365 2285 2121           Juin.2104 2028 2170 2276
RBD Olein FOB Mai.572,5 585 562,5 532,5 Juin.530 517,5 520 535
CPO CIF Rott Mai.587,5 592,5 555 535 Juin552,5 517,5 515 537,5
PFAD USD/MT 660 665 647,5 625 617,5 600 600 597,5
c&f Rott spot
Coconut Oil Cif Mai.Juin .860 865 Juin.Juillet. 840 810 805 Juillet.Aout.835 827,5 820
CBT  oil Soya Oil  USD  Spot 2643 2741 2629 2505 2650 2623 2658 2699
MATIF Rape seed 366,5 370,75 369,5 364,5 Juin.370,50 375,25 373,25 378,25
EU Rape oil 705 728 720 703 Juin .717 730 728 735
EU Soya Oil 620 630 635 615 Juin.Juillet.610 610 Juin.615 635
EU Sun Oil  en USD Jlt .Sept.720 760 765 745 735 745 755 765
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2600 2600 2600 nc nc nc nc nc
human consumption FOB Morocco 2500 2500 2500 nc nc nc nc nc
Aqua fob Chili 1900 1900 1900 1900 1950
Aqua peru  FOB 2000 2000 2000 nc nc nc nc nc
Omega 3 Feed pet food FOB Peru 2400 2400 2400 nc nc nc nc 2500
Omega 3 Feed pet food FOB Morocco 2400 2400 2400 2350 2350 2350 2350 nc
Salmon South America  C&F European Port 1050 1050 1050 1100 1100 1100 1100 1100
Salmon   European production 1100 1100 1100 1150 1150 1150 1150 nc
Fish oils blend .Technical grade C&F European port 5% FFA 950 950 950 980 980 980 980 980
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 3 600 600 600 600 600 600 600 600
5% FFA
Crude Glycerine
Feed 320 350 350 375 425 500 500 500
technical 100 150 150 300 300 325 325 325
PALM
Malaysian palm oil futures were set for a 3% weekly rise even as they fell sharply on Friday on profit-taking ahead of a long weekend for Eid celebrations and forecasts of higher May production.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 51 ringgit, or 2.31%, to 2,156 ringgit by the midday break.
Palm oil climbed to its highest since April 20 in the previous session, and was set for its second week of gains.
The Malaysian bourse will be closed on May 25 and May 26.
The market is expecting May inventories to increase further due to higher output from the biggest palm-producing state of Sabah, said Marcello Cultrera, institutional sales manager and broker at Phillip Futures in Kuala Lumpur.
EURO VEG OILS
Palm oil on the European vegetable oils market was offered firmer  on Friday in slow trade ahead of a long weekend in Malaysia due to public holidays and followng a public holiday in Europe on Thursday.
 Malaysian palm oil futures will be closed on Monday and Tuesday and reopen on Wednesday.
Asking prices for palm oil were mostly between unchanged and $10 a tonne higher but asking prices were seen mostly nominal and were hardly tested because of lack of buyers. Malaysian palm oil futures closed between 34 and 59 ringgit per tonne lower on expectations of increasing production.
At  1630 GMT, CBOT soyoil futures were between 0.19 and 0.43 cents per lb lower on  technical selling and due to a dip in energy markets. Softer energy prices could reduce demand for vegetable oils from biodiesel producers.
 EU rapeoil was quoted between one and five euros per tonne lower, following the easier tone in Chicago soyoil and because of the lower energy markets. Slightly firmer rapeseed futures capped losses.
Coconut oil was offered between $5 and $12.50 a tonne lower following weaker palm oil while palmkernel oil was mostly quoted between $10 and $15 a tonne up from Wednesday on improving demand, but many buyers remained sidelined ahead of the weekend. The spread between coconut oil and the usually cheaper palmkernel oil was $160 a tonne for July/August shipment.
SOYBEAN
U.S. soybean futures weakened to a one-month low on Friday on forecasts for good weather for crop development in the U.S. Midwest.
Soymeal futures firmed on end-of-week bargain buying after sinking to their lowest level since April 2016.
Soyoil futures were lower, weighed down by declines in the crude oil market.
CBOT July soyoil found support at its 50-day moving average.
For the week, the most-active soybean futures contract was down 0.6%. Soymeal was 1.2% lower this week and soyoil was up 0.3%.
FISH OIL
Peru
As expected, the season (from Wednesday 13th May) started at a slow pace from a small number of active boats due to the covid-19 restrictions before improving a little during the weekend,- 55.700 mt reported in total, bringing the total so far this year to 60.700 mt (1.149.700 mt same period last year) and the total since 1 October last year to 1.065.000 mt (3.077.100 mt). After slow fishing again on Monday this week, however, fishing picked up Tuesday-Thursday to around 30.000 mt per day with reports of good fishing from an increasing number of boats (but still a low number of around 130-140 – compared with up to 400-500 boats in a normal season). The preliminary total up to yesterday is 174.128 mt against the 2,413 mill mt quota.
Repeating the characteristics from the last couple of seasons, oil yields have shown a significant variation with a clear increasing trend from south to north, from around 0,9% in Pisco/Tambo de Mora (south), via 1,8% in the central ports to 4,2-4,2% in Chimbote/Chicama (north). Average yield last week around 3,5% producing about 2000 mt oil (while the daily average this week is 3,2-3,6% with a somewhat higher percentage landed towards the Central/South area, giving a preliminary total oil production now of roughly 6000 mt).
Reported trade for smaller volume feed grade $2500 fob in containers this week.
BGEAY