Today ( Sept. 19th), the market for grains in China is shown as follows: 

    Corn: Prices for most domestic corn remain stable though some further edge down. Corn buying prices in Shandong deep processors mostly stay at 1,770-1,920 yuan/tonne, some further down 4-10 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, 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, all unchanged from yesterday. While new corn of year 2018 at Bayuquan port is pegged at 1,800 yuan/tonne in price; 1,760-1,770 yuan/tonne for old corn. Second-class corn prices at Shekou port, Guangdong settle at 1,910-1,930 yuan/tonne, unchanged from yesterday. It is an alternating period when new-season corn increasingly supplies the market from South to North and temporary reserved corn is still auctioned every week, under which supply pressure is doubled. But under contagious African swine fever, downstream businesses prefer to buy on a hand-to-mouth basis and shrink corn feed consumption. As thus, corn price is easier to go up than down when the seasonal oversupply pressure persists on new corn. However, new corn from Northeastern China just appears in small amounts currently, while temporary reserved corn is still in predominant supply for its turnover picks up momentum recently, pushing up basic costs of old corn ex-warehousing on a small scale. And its prices are climbing also due to rigid demand on high-quality corn. Later focus shall be put on auctions of temporary reserved corn, weather in key corn belt and marketing of new corn.  

    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; Nantong 2,080-2,090 yuan/tonne; Shanghai 2,120-2,130 yuan/tonne; Guangdong 2,030-2,050 yuan/tonne. Australian sorghum: Tianjin offers 2,310 yuan/tonne for raw sorghum and 2,420 yuan/tonne for dried sorghum; Shanghai 2,400 yuan/tonne. Domestic sorghum: Changchun 2,400 yuan/tonne; Qiqihar 2,400 yuan/tonne; Hinggan League 2,200 yuan/tonne for raw sorghum, and 2,400 yuan/tonne for dried sorghum; Chifeng 2100 for new sorghum). 

    Barley: Prices at ports also keep stable amid some declines (Australian barley: Shandong offers 2,060-2,070 yuan/tonne; Nantong 2,020-2,030; Guangzhou 1,920 yuan/tonne. French barley: Guangdong1,840-1,850 yuan/tonne, down 10. Ukrainian barley: 1,830-1,840 yuan/tonne, down 10). As new corn increasingly supplies to North China amid auctioned corn inflow, sufficiently ample new corn and old corn on the market dampen market sentiments and push down its prices these days. Accordingly, grains at port also bear the pressure and to be honest, grain prices at ports today already come down, for one thing, languishing corn prices curb the performance of its alternatives like sorghum and barley, for another, devastating ASF forces pig raisers to take a underselling strategy, in this way, demand in feed makers is also seen slack. However, sorghum July imports reach the nadir in year 2018, and sorghum and barley imports will be inevitably low later. That leads to strong willingness for higher offers among importers in case of unavailable low costs for grain sources. On this note, shorter term sorghum and barley will mainly move sideways in a steady and narrow pace.