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

Today, domestic corn price mostly remains flat and individually declines. The price prevails at 1,880-2,010 yuan/tonne among deep-processing enterprises in Shandong and individual price down by 10 yuan/tonne from yesterday. At Jinzhou port, Liaoning, the purchasing price of new corn in 2019 (moisture 14.5% and test weight 690-710 g/L) is 1,810-1,825 yuan/tonne and the FOB price is 1,860-1,875 yuan/tonne the same as yesterday. At Shekou port, Guangdong, the second-class corn is still quoted at 1,970 yuan/tonne, and transaction price is not clear but negotiable, which is unchanged with yesterday.

With the forthcoming Spring Festival, there are fewer sellers on the market and traders in some belt have stopped the purchase. Besides, the stockpiling of enterprises is coming to an end, so the trading between buyers and sellers also gradually turns light. For this reason, it is expected that overall corn market will see no big change and mainly keep steady with small fluctuations before Spring Festival.

Domestic sorghum prices are stable today, of which dried sorghum is priced at 2,400-2,500 yuan/tonne nationwide. (In Heilongjiang, dried sorghum 2,200 in Qiqihar and traded at 2,400 yuan in Heihe. In Jilin Province, dried sorghum 2,540 yuan/tonne in Songyuan, raw sorghum 2,340 yuan/tonne in Qian’an, and raw sorghum 2,360 yuan/tonne in Taonan. In Shanxi, dried sorghum 2,600 yuan/tonne in Jinzhong. In Liaoning, dried sorghum 2,500 yuan/tonne in Jianping.) For only a few days to the Lunar New Year, sellers are getting off the market, so are traders in the production regions. The trading is getting weakening in the market. The overall market is predicted to be little changed before the festival and will keep steady with narrow fluctuations. 

Imported sorghum prices steady today at 2,200-2,400 yuan/tonne at domestic ports. (Guangdong port: US raw sorghum 2,100 yuan/tonne. Suqian: US sorghum 2,440 yuan/tonne.) Traders clash over toward the market after the festival, of whom some traders are bullish about the prices as sorghum supply is lessening. But there will be cargoes arriving at ports after the festival, which may weigh down the price. The price is predicted to stay stable with a slight decline in the near term.

Imported barley prices are flat today. (Guangdong port: Ukrainian barley 1,830 yuan/tonne.) For only a few days to the Lunar New Year, sellers are getting off the market and traders also suspend purchases in production regions, sending the trading to get light. Port supply will get increased after the festival, which will weigh down port barley market. But importers have a strong intention to prop up prices due to low stocks in hand and stubbornly high import cost from Australia. Short-term prices are predicted to keep steady with narrow fluctuations.