Market report week 28

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15/05/2020 22/05/2020 29./05/2020 05/06/2020 12/06/2020 19/06/2020 26/06/2020 03/07/2020 10/07/2020
EUROS/USD 1,082 1,0877 1,1144 1,129 1,1246 1,1198 1,1264 1,13 1,1332
Brent close 33,77 35,28 37,77 42,53 37,32 42,15 40,24 43,24 42,93
NYMEX 31,02 33,62 35,44 39,7 34,43 39,59 37,72 40,6 40,22
BMD CPO 2170 2276 2373     Aout.2326 2430 2502 2427 2390 2456
RBD Olein FOB 520 535 565 597,5 607,5 Juillet.637,5 615 600 605
CPO CIF Rott 515 537,5 550 580 575 Juillet.580 582,5 592,5 610
PFAD USD/MT  C&F Rott spot 600 597,5 610 630 625 655 620 610 612,5
PFAD USD/MT  FOB MALAISIE 500 515
Coconut Oil Cif  Rott 827,5 820 880 900 915 920 910 870 Juillet Aout.865
CBT  oil Soya Oil  USD  Spot 2658 2699 2738 2814 2750 2852 2720 2796 2811
MATIF Rape seed 373,25 378,25 Nov.374,25 379,25 380,5 382,75 376,75 378,5 382
EU Rape oil 728 735 725 740 750 Juillet.770 750 767 Aout Oct.768
EU Soya Oil Juin.615 635 Juillet.635 660 755 660 675 700 725
EU Sun Oil  en USD 755 765 Juillet sept.785 795 800 790 800 795 800
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru nc nc nc 2800 2800 2800 2800 2700 2650
human consumption FOB Morocco nc nc 2800 2800 2800 2900 2900 2750 2700
Aqua fob Chili  18 EPA DHA 1900 1950 1950 1950 1950 NC NC 1900 1900
Aqua peru  FOB  18 EPA DHA NC 2200 2100
Omega 3 Feed pet food FOB Peru nc 2500 2500 2550 2550 2550 2500 2400 2350
Omega 3 Feed pet food FOB Morocco 2350 nc 2450 2550 2550 2700 2650 2600 2550
Salmon South America  C&F European Port 1100 1100 1150  nc  nc  nc NC NC NC
Salmon   European production 1150 nc nc 1100 1100 1050 1050 1050 1020
Fish oils blend .Technical grade C&F European port 5% FFA 980 980 980 980 980 980 980 940 940
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 600 600 600 600 600 600 600 600 615
European production 580 580 580 580 580 580 580 580 590
Animal Fat ex France  cat 3 600 600 580 580 580 580 580 580 580
5% FFA
Crude Glycerine
Feed 500 500 500 NC NC NC NC NC 300

 

technical 325 325 280 210 210 210 210 210 180

 

PALM
Malaysian palm oil futures reversed early losses on Monday, hitting their highest level in nearly three weeks as gains in rival oils and global equities lifted market sentiment.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange rose 32 ringgit, or 1.33%, to 2,444 ringgit ($573.71) a tonne by the midday break, after shedding 1.2% in early trade.
A Kuala Lumpur-based trader attributed the bounceback to some heavy buying for nearby months despite poor fundamentals, and said there were concerns in the market that some states in key buyer India may reimpose lockdown measures to contain a spike in COVID-19 cases.
Asian shares crept toward five-month peaks as investors wagered the U.S. earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns.
Malaysian palm oil inventories at end-June fell 6.3% from a month earlier, while production jumped 14.2%, data released by the Malaysian Palm Oil Board on Friday showed.
« We project palm oil stocks to rise by 6% month-on-month to 2.01 million tonnes at end-July as we expect output to be flattish, » Ivy Ng, regional head of plantations research at CGS-CIMB Research, said in a note.
« Exports are expected to fall by 10% month-on-month as we do not expect the high export base in June to be sustained. »
Exports during July 1-10 fell between 16.8% and 17.8% from the previous month, according to cargo surveyors.
Dalian’s most-active soyoil contract gained 0.28%, while its palm oil contract rose 0.6%. Soyoil prices on the Chicago Board of Trade were up 0.07%.
EURO VEG OILS
Palm oil on the European vegetable oils market was offered mostly higher on Friday on an easier dollar and because Malaysian palm oil futures edged op because of contrasting industry data.
The MPOB June ending stocks number was lower, which considered mildly bullish as the increase was less than expected. Disappointing July 1-10 exports weighed on prices.
Asking prices for palm oil were mostly between unchanged and $10 a tonne higher as a weak dollar underpins products quoted in that currency. Malaysian palm oil futures closed between flat and 14 ringgit per tonne up.
 At 1600 GMT, CBOT soyoil futures were little changed ahead of fresh USDA crop and supply/demand data, which was issued too late on Friday for European dealers to react to.
 EU rapeoil was quoted between one euro per tonne up and four euros down, pressured by the weaker dollar that weighs on euro-priced products, and because of an easier tone in rapeseed futures.
Lauric oils were mostly offered between $10 a tonne up and $10 down, supported by the weaker dollar and because of improved demand for palmkernel oil. The spread between coconut and the usually cheaper palmkernel oil was $215 a tonne for August/September shipment.
SOYBEAN
Analysts said U.S. weather forecasts looked wetter in crop-growing areas that were previously expected to be unfavorably hot and dry.
The U.S. Department of Agriculture, in a monthly report, pegged domestic soybean production at 4.135 billion bushels, up from its June outlook for 4.125 billion bushels. Average yield expectations were unchanged at 49.8 bushels per acre.
U.S. President Donald Trump said he is not thinking about negotiating a « Phase 2 » trade deal with China as relations between Washington and Beijing sour over the coronavirus pandemic and other issues.
As part of an initial trade deal in January, China, the world’s top soybean importer, pledged to significantly increase purchases of U.S. farm goods.
FISH OIL
peru
The Chicama/Chimbote range was again the most important one, while the Central ports are becoming increasingly important with the arrival of a cold Kelvin wave.
The decreasing catch trend has continued so far this week with 99.650 mt reported Monday-Thursday (daily average so far this season of around 36.000 mt as opposed to only around 25.000 mt per day so far this week), taking the preliminary total to 2.128.691 mt against the 2,413 mill mt quota. Oil yields have continued around 2,8-3,0%.
Fair volumes traded this week, with aqua grade around $2100 fob, while omega 3 traded higher with actual levels depending on fatty acid profiles.
BGEAY