Today (Feb. 5), the market for grains in China is shown as follows:

Domestic corn prices mostly are stable and individual prices fluctuate slightly today. The price prevails at 1,950-2,080 yuan/tonne among deep-processing enterprises in Shandong unchanged with yesterday. At Jinzhou port, Liaoning, the purchasing price of new corn in 2019 (moisture 14.5% and test weight 690-700g/L) is 1,850-1,890 yuan/tonne. At Shekou port, Guangdong, the second-class corn is priced at 2,080 yuan/tonne and individual could be traded at 2,060 yuan/tone, which is down 20 yuan/tonne from yesterday.

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. Nevertheless, unsold inventories are still adequate at the basic market at the moment. On Feb. 4 night, entrusted by relevant state departments, to resolve the problem that shortage of feed in some Southern enterprises caused by transportation and other reasons, it was scheduled to carry out the auction trading of policy-oriented corn on Feb. 7 with the first batch of 2.96 mln tonnes putting in. At this node, the policy-oriented grain was issued and the control signal was released. Therefore, the upward trend of corn prices brought by tight supply may be gradually revised. Today, the transaction price at some Southern ports is reduced by 10-20 yuan/tonne. And domestic corn market is likely to mainly keep steady with slight fluctuation in recent days.

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.