Market report week 9

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18/12/2020 25/12/2020 31/12/2020 08/01/2021 15/01/2021 22/01/2021 05/02/2021 26/02/2021 05/03/2021
EUROS/USD 1,2201 1,2232 1,2269 1,2189 1,208 1,218 1,204 1,207 1,189
Brent close 50,52 51,46 52,93 55,22 54,82 55,68 59,82 65,68 70,37
NYMEX 47,47 48,46 49,47 51,74 52,17 52,59 57,38 62,68 67,01
BMD CPO 3535 3699 3764 3974 3616 3583 3879 avril.3921 3889
RBD Olein FOB 915 955 967,5 1025 975 955 1005 avril.1020 1007,5
CPO CIF Rott 950 1000 1030 1060 980 995 1070 avril.1080 1080
PFAD USD/MT  C&F Rott spot 920 945 955 997,5 950 930 987 1047 1045
PFAD USD/MT  FOB MALAISIE 825 845 850 890 850 830 875 945
1570
Coconut Oil Cif  Rott 1490 1510 1470 1500 Mars.Avril.1440 1370 1400 Avril.Mai.1510 .
CBT  oil Soya Oil  USD  Spot 4007 4184 4333 4376 4185 4227 4466 5134 5338
MATIF Rape seed 407,25 408,75 412 429,75 426 422,75 Aout .403,5 423,75 442,5
EU Rape oil 890 885 Fev Avril .858 905 Avril.880 Mars Avril .890 955 avril.1040 1060
EU Soya Oil 855 885 895 935 925 920 Mars.925 Avril.985 1045
EU Sun Oil  en USD 1215 1240 Avril juin.1230 1315 1285 1300 1315 Avril.Juin.1525 Juillet .Sept .1700
Others
Fish Oils  en USD Anchovy Sardine .
human consumption FOB Peru 2900 2750 2650 2550 2550 2550 2550 2550 2600
human consumption FOB Morocco NC NC NC 2550 2550 2550 2550 2550 2600
Aqua  feed fob Chili  18 EPA DHA NC NC NC 1900 1850 1850 1850 1850 1700
Aqua feed peru  FOB  18  PA DHA 2450 2400 2300 2100 2050 2050 2050 1950 1850
Omega 3  pet food FOB Peru EPA DHA 27 et + 2650 2650 2550 2450 2400 2400 2300 2300 2350
Omega 3  pet food FOB Morocco EPA DHA 27et + 2500 2500 2400 2400 2400 2400 2400 2400 2400
Salmon   European production 1200 1150 1150 1050 990 990 990 920 1000
Fish oils blend .Technical grade C&F European port 5% FFA 1050 1050 1050 1000 950 950 950 900 920
Mixed vegetable acid oils
45 lino EUROS/MT C&F European port 645 645 655 655 655 655 680 750 750
European production 625 625 640 640 640 640 680 780 780
Animal Fat ex France  cat 3 700 720 720 720 720 720 720 830 830
5% FFA
Crude Glycerine
Feed 300 300 300 300 300 300 300 300 300
technical 160 160 160 160 160 160 160 160 160
EURO VEG OILS
Palm oil on the European vegetable oils market mostly eased on Friday as a strong dollar outweighed higher soyoil futures and another rally in energy markets.
At 1800 GMT, CBOT soyoil futures rallied with energy markets and were between 0.81 and 1.21 cents per pound higher. Dry weather in Argentine soybean growing areas also underpinned soyoil futures.
EU rapeoil was mostly offered between three and 10 euros per tonne higher, following gains in both Chicago soyoil and European rapeoil futures as well as a stronger dollar.
Lauric oils were between $15 and $45 a tonne higher, tracking the stronger tone in other commodities. The spread between coconut oil and the usually cheaper palmkernel oil was $135 a tonne for March/April shipment.
PALM
Malaysian palm oil futures climbed nearly 4% on Monday, buoyed by a rally in rival soyoil, crude and world markets on passage of a U.S. stimulus package, while investors also awaited the Malaysian Palm Oil Board data.
Palm rose to a more than 10-year high earlier in the session as well as climbing an intraday high of 5.7%.
« This morning’s rally in crude oil futures lead grains and oilseeds higher along palm oil futures – which palm prices are heavily off-balanced versus its fundamentals, » said Marcello Cultrera, institutional sales manager & broker at Phillip Futures in Kuala Lumpur.
« The bullish externals are currently overpowering palm oil’s own fundaments and the market is ignoring the possible recovery in production and increase in palm oil inventories, » said Anilkumar Bagani, research head of Mumbai-based vegetable oils broker Sunvin Group.
Investors are now awaiting for the February supply and demand data by the Malaysian Palm Oil Board, and cargo surveyor data for March 1-10 exports due Wednesday.
In key palm destination China, concerns over the African Swine Fever outbreak killing more pigs has led to negative crush margins for soybeans, which may hit soymeal demand and increase the country’s vegetable oil imports, Bagani said.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Brent crude futures surged above $70 a barrel for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, making palm a more attractive option for biodiesel feedstock.
SOYBEAN
Chicago Board of Trade soybean futures ended higher on Friday as dry weather in Argentina supported concerns about tightening global supplies, analysts said.
Commodity Weather Group said a rain deficit in Argentina, the world’s biggest soymeal exporter, was seen « leading to severe yield loss » for 30% of the soy belt in the coming 10 days.
Weather firm Maxar said below-normal rains are forecast in Argentina over the next 15 days, stressing second-crop soybeans.
Traders also adjusted positions ahead of a monthly USDA crop report due out Tuesday.
Spot basis bids for soybeans were steady to firm at processors around the U.S. Midwest, with dealers looking for supplies to maintain a fast pace of crushing.
The most-active CBOT soybean contract rose 19-1/2 cents to $14.30 a bushel. Last week, the most-active contract traded up to $14.45-3/4 a bushel, the highest price since June 2014.
FISH OIL
CHILE – Anchovy fishing in the North described as slow after the stop 1 January/21 February. In the South, the sardine/anchovy season opened this week both in the southernmost region Valdivia and the main region BioBio, thus earlier than expected. We hear that boats have gone out, but too early for news. 
Talk of prices aqua prices around $1700 fob.
DENMARK – The sprat total only adjusted by 71 mt to 39.291 mt (against 42.178 mt Jan/full March last year), whereof 32.557 mt from the Baltic. 
BGEAY
 Market report week 9