Market report week 23

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17/04/2020 24/04/2020 01/05/2020 08/05/2020 15/05/2020 22/05/2020 29./05/2020 05/06/2020
EUROS/USD 1,0847 1,0856 1,094 1,0844 1,082 1,0877 1,1144 1,129
Brent close 27,19 20,67 18,26 30,68 33,77 35,28 37,77 42,53
NYMEX 23,44 15,1 18,73 24,54 31,02 33,62 35,44 39,7
BMD CPO 2285 2121           Juin.2104 2028 2170 2276 2373     Aout.2326
RBD Olein FOB 562,5 532,5 Juin.530 517,5 520 535 565 597,5
CPO CIF Rott 555 535 Juin552,5 517,5 515 537,5 550 580
PFAD USD/MT 647,5 625 617,5 600 600 597,5 610 630
c&f Rott spot
Coconut Oil Cif Juin.Juillet. 840 810 805 Juillet.Aout.835 827,5 820 880 900
CBT  oil Soya Oil  USD  Spot 2629 2505 2650 2623 2658 2699 2738 2814
MATIF Rape seed 369,5 364,5 Juin.370,50 375,25 373,25 378,25 Nov.374,25 379,25
EU Rape oil 720 703 Juin .717 730 728 735 725 740
EU Soya Oil 635 615 Juin.Juillet.610 610 Juin.615 635 Juillet.635 660
EU Sun Oil  en USD 765 745 735 745 755 765 Juillet sept.785 795
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2600 nc nc nc nc nc nc 2800
human consumption FOB Morocco 2500 nc nc nc nc nc 2800 2800
Aqua fob Chili  18 EPA DHA 1900 1900 1900 1900 1950 1950 1950
Aqua peru  FOB  24 /26 EPA DHA 2000 nc nc nc nc nc nc 2450
Omega 3 Feed pet food FOB Peru 2400 nc nc nc nc 2500 2500 2550
Omega 3 Feed pet food FOB Morocco 2400 2350 2350 2350 2350 nc 2450 2550
Salmon South America  C&F European Port 1050 1100 1100 1100 1100 1100 1150  nc
Salmon   European production 1100 1150 1150 1150 1150 nc nc 1100
Fish oils blend .Technical grade C&F European port 5% FFA 950 980 980 980 980 980 980 980
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 3 600 600 600 600 600 600 580 580
5% FFA
Crude Glycerine
Feed 350 375 425 500 500 500 500 NC
technical 150 300 300 325 325 325 280 210
PALM
Stronger demand and lower production estimates supported prices today, said Marcello Cultrera, institutional sales manager and broker at Phillip Futures in Kuala Lumpur.
Output in May is likely to fall 1% from the previous month, traders said, citing the Malaysian Palm Oil Association (MPOA) estimates.
« MPOA estimates came as a surprise to the market as May production was expected to increase, » a Singapore-based trader said.
The contract had dropped 3% on Thursday on forecasts of climbing stockpile and production, and as investors booked profits after two days of sharp gains.
Malaysian palm oil inventories at the end of May are pegged to rise 9.9% to their highest level in six months, a Reuters survey showed
EURO VEG OILS
Palm oil on the European vegetable oils market edged higher on Friday following Malaysian palm oil futures, which  closed firmer after a volatile session as Malaysia planned to keep export tax at zero percent until the end of the year.  
Asking prices for palm oil were mostly between unchanged and $2.50 a tonne higher, also supported by a weaker dollar, which underpins products quoted in that currency and gains in energy markets. Malaysian palm oil futures closed between 13 and 29 ringgit per tonne higher.
At 1630 GMT, CBOT soyoil futures were between 0.23 and 0.46 cents per lb up due to technical selling and because of a rally in energy markets, which could boost demand for vegetable oil from biodiesel makers. Hopes for improved Chinese demand for U.S. soybeans also underpinned soyoil futures.
EU rapeoil was quoted between one and five euros per tonne higher, following the stronger tone in Chicago soyoil and because of sharp gains in energy markets. Stronger rapeseed futures also added to the strength in rapeoil.
Lauric oils were mostly offered between $5 and $25 a tonne up from Thursday on the back of stronger palm oil and underpinned by a weaker dollar. Buyers were hard to find ahead of the weekend. The spread between coconut oil and the usually cheaper palmkernel oil was $215 a tonne for July/August shipment.
SOYBEAN
For the week, the July contract rose 27 cents per bushel or 3.2%, the biggest weekly climb for a most-active soybean contract in eight months, since early October.
CBOT July soymeal ended down 70 cents on Friday at $289.10 per short ton while July soyoil rose 0.32 cent to settle at 28.14 cents per pound.
A rebound in the dollar weighed on grains and soy. The dollar rose on better-than-expected U.S. payrolls data, halting a two-week slump that had helped lift agricultural futures by making U.S. products more attractive to holders of other currencies.
Soybeans drew early support after the U.S. Department of Agriculture through its daily reporting system confirmed sales of 588,000 tonnes of U.S. soybeans to unknown destinations.
Soyoil drew support from gains in allied Malaysian palm oil and crude oil. Soyoil futures sometimes track energies due to soyoil’s role as a feedstock for biodiesel fuel.
FISH OIL
Fishing is expected to continue improving also next week as more vessels join in, on the other side, the coronavirus continues to be a factor with various sanitary protocols in force to limit the spread. The Chimbote fishermen’s union demands an immediate termination of the anchovy season with an increase of infected fishermen, while the industrial fleet does not agree as they fulfill the protocols.
The market has still been rather quiet following some early trades for feed oil around $2450/2500 fob with some more selling interest at this level.
BGEAY