Today ( Sept. 17th), the market for grains in China is shown as follows: 

    Corn: Most domestic corn prices steadily where some fall futher. Corn buying prices in Shandong deep processors mostly stay at 1,810-1,920 yuan/tonne, some further down 10-24 yuan/tonne from last Friday. 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, 1,830 yuan/tonne for corn with volume weight more than 700g/L, 1,770 yuan/tonne for old corn with volume weight 700g/L,1,420 yuan/tonne for new corn of year 2018 with 30% moisture. Second-class corn prices at Shekou port, Guangdong keep flat at 1,920 yuan/tonne from last Friday. It is an alternating period when new corn gradually appears on the market and temporary reserved corn auctions are propelled at 8 Mln tonnes every week, under which supply pressure is increasing. On the contrary, downstream processing companies are inclined to keep a safety stock level as corn feed demand is curbed under contagious African swine fever; therefore, corn price is predicted to slip under the seasonal oversupply pressure of new corns from the end of September to October. However, new corns from Northeastern China just appears in small amounts currently, while temporary reserved corn is still in predominant supply as dealings of its auctions are sharply increasing recently, pulling up basic costs of old corn ex-warehousing. And corn price is also climbing due to rigid demands on high-quality corns.  Later focus shall be put on auctions of temporary reserved corn, weather in main planting areas and marketing condition of new corns.  

    Sorghum: Prices for imported sorghum at ports keep firm amid some declines (US sorghum: Tianjin offers 2,200-2,210 yuan/tonne for raw sorghum, and 2,200 yuan/tonne for dried sorghum, down 80; Nantong 2,080-2,100 yuan/tonne; Shanghai 2,120-2,130 yuan/tonne. Australian sorghum: Tianjin offers 2,310 yuan/tonne for raw sorghum, down 40 and 2,420 yuan/tonne for dried sorghum, down 30; Shanghai 2,400 yuan/tonne. Domestic sorghum: Changchun 2,400 yuan/tonne, down 160; Qiqihar 2,400 yuan/tonne, down 100; Hinggan League 2,200 yuan/tonne for raw sorghum, down 200 and 2,400 yuan/tonne for dried sorghum, down 100; Chifeng 2100 for new sorghum). 

    Barley: Prices at ports also keep stable amid some rises (Australian barley: Shandong offers 2,060-2,070 yuan/tonne, up 40; Nantong 2,020-2,030). As new corn has been supplying the market recently, corn prices in North China chart consecutive falls when demand in feed makers goes stagnating afflicted to contagious ASF. Possibly, declines in price will be expanded when massive new corn enters the market during late-September and October period, such languishing prices will then drag down other grains at ports, for instance, sorghum prices today at ports see a reduction. According to foreign media, Trump administration is projected to slap tariffs on 200 Bln US dollars of Chinese goods as early as this week. If proven to be true, China will refuse to have trade talks with the US later this month. Honestly, import costs now remain record high both for US sorghum amid trade conflicts and Australian sorghum amid dry spell-- sorghum July imports reach the nadir in year 2018, on this note, low sorghum and barley imports later will inevitably make sorghum stocks downsized. That also leads to strong willingness for higher offers among importers in case of unavailable low costs for grain sources. With bullish and bearish factors mixed, grains like sorghum and barley will mainly move sideways in a steady pace shorter term, thereby market players had better focus on how corn fares later on the market.