Today (Feb. 4), the market for grains in China is shown as follows:

Domestic corn prices keep rising in some regions today. The price prevails at 1,940-2,080 yuan/tonne among deep-processing enterprises in Shandong and individual prices up by 20 yuan/tonne compared to yesterday. At Jinzhou port, Liaoning, the purchasing price of new corn in 2019 (moisture 14.5% and test weight 690-700g/L) is 1,830-1,840 yuan/tonne and the FOB price is 1,880-1,890 yuan/tonne, and both are unchanged with yesterday. At Shekou port, Guangdong, the arrivals of corn decrease and port inventories remain tight. And the second-class corn is steadily priced at 2,080 yuan/tonne from yesterday, while individual prices are negotiable.

Affected by the spread of new coronavirus epidemic in China, the road closures are implemented in most parts of the country, restricting the transportation of reserved corn and making it difficult for enterprises to supply goods. Moreover, corn inventories in some enterprises is gradually tightening due to the consumption during Spring Festival and increasing restart-working factories after the holiday, especially in North China. As a result of tension in phased supply, the prices in several regions go up further with an increase of 10-20 yuan/tonne. Thus, corn price will remain a firm trend until easing the condition of tight supply.

A majority of traders have not resumed work amid a novel coronavirus outbreak, and logistics also get interrupted during this period. Domestic sorghum price is predicted to stay stable amid concerns over the virus.

Imported sorghum prices are not available since most businesses have not resumed work and logistics also get interrupted under the influence of the coronavirus. The market is worried about lower sorghum demand as the virus outbreak could have an impact on the economic growth in China. Imported sorghum price is predicted to step on a downtrend amid concerns over the virus.

Imported barley prices are not available since most businesses have not resumed work and logistics also get interrupted under the influence of the coronavirus. Imported barley price is predicted to have a weak trend amid concerns over the virus.