Today ( Sept. 12th), the market for grains in China is shown as follows: 

    Corn: China’s corn today fluctuates downward in price. Corn buying prices in Shandong deep processors mostly stay at 1,840-1,930 yuan/tonne, some further down 4-20 yuan/tonne from yesterday. Main purchasing prices offered at Jinzhou port, Liaoning settle at 1,770-1,800 yuan/tonne for drying corn of year 2017 with volume weight 700g/L, up 10 upon the highest price yesterday, 1,770 yuan/tonne for old corn, 1,420 yuan/tonne for new corn of year 2018 with 30% moisture, up 10 from yesterday. While naturally drying corn prices at Bayuquan port are pegged at 1,770-1,780 yuan/tonne; 1,750-1,770 yuan/tonne for old corn (volume weight 700 g/L), unchanged from yesterday. Second-class corn at Shekou port, Guangdong prices at 1,900-1,920 yuan/tonne, unchanged from yesterday. Businesses these days continue to lower down corn buying prices when intensive new corn is to dominate the market, for instance, spring corn in North China increases its supply to the market. Meanwhile, poor live pig raising vulnerable to contagious ASF still reins in corn feed demand. Yet corn still go high in price when new corn is doomed to cut in production this year, where Liaozhong, Shenyang and its surroundings offer 1,760-1,780 yuan/tonne for early spring corn this year, up 60-80 on a year-on-year basis. Such being the case, a wave of old corn stockpiling is now thriving between the alternative period of new for old corn, with traded volumes and prices for corn temporarily reserved going further high. In addition, boosted by rigid demand for good-quality corn in some feed businesses, corn these days goes further strong in price. For all these, corn prices is forecast to move sideways narrowly during the alternative period and to a large extent, corn prices may come off early high if new corn later enters the market massively. 

    Sorghum: Prices for imported sorghum at ports keep firm (US sorghum: Tianjin offers 2,200 yuan/tonne for raw sorghum, and 2,300 for dried sorghum; Nantong 2,110-2,120 yuan/tonne; Shanghai 2,120-2,130; uangdong 2020-2,030. Australian sorghum: Tianjin offers 2,340-2,360 for raw sorghum and 2,240-2,460 for dried sorghum; Qingdao 2,400 yuan/tonne for raw sorghum, and 2,500 yuan/tonne for dried sorghum; Shanghai 2,400 yuan/tonne. Domestic sorghum: Changchun 2,560; Daqing in Heilongjiang offer 2,500; Qiqihar 2,500; Hinggan League 2,400 for raw sorghum, and 2,500 for dried sorghum). 

    Barley: Prices at ports also keep stable (Australian barley: Shandong offers 2,020 yuan/tonne; Nantong 2,020; Guangzhou 1,920 yuan/tonne. French barley: 1,860 yuan/tonne. Ukrainian barley: 1,840-1,850 yuan/tonne). Amid trade conflicts, import costs for US sorghum and Australian sorghum remain record high-- sorghum July imports reach the nadir in year 2018, on this note, low sorghum and barley imports later will contribute to downsized stockpiles. That also leads to strong willingness for higher offers among importers in case of unavailable low costs for grain sources. And as barley and sorghum generally lose their price advantage over corn market amid sprawling ASF, slack feed demand pushes down sorghum and barley prices at ports. Grains today go steady in price at ports with mixed long and short positions, and shorter term, are mainly to fluctuate upward.