Today (Jan. 21), the market for grains in China is shown as follows:

Today, domestic corn price mostly remains flat. The price prevails at 1,880-2,010 yuan/tonne among deep-processing enterprises in Shandong flat 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 belt have successively stopped the purchases and sales. Besides, the stockpiling of enterprises is coming to an end, and the arrivals of goods throughout the country also gradually decrease, so the trading between buyers and sellers also gradually turns light. For this reason, it is expected that corn market will see no big change and stabilize on the whole.

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. (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 has almost not offered today. For only a few days left 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 be little changed before the festival and to keep steady with slight fluctuations overall.