Today (Feb. 6), the market for grains in China is shown as follows:

Domestic corn prices mostly are stable and individual prices rise slightly today. The price prevails at 1,950-2,080 yuan/tonne among deep-processing enterprises in Shandong unchanged with yesterday. Affected by the new coronavirus, at Jinzhou port, Liaoning, most traders don’t offer the price and individual offer the purchasing price at 1,890-1,900 yuan/tonne (moisture 14.5% and test weight 690-700g/L). At Shekou port, Guangdong, the second-class corn is priced at 2,080 yuan/tonne and could be traded at 2,060 yuan/tone flat from yesterday.

The new coronavirus epidemic in China is still spreading, the city and 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. As enterprises still mainly run down existing inventories currently, the phased supply gets tight, which offers support to market. Today, corn price continues to rise in individual areas. 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. As the policy-oriented grain is issued and the control signal is released, the increase of corn prices brought by tight supply is also curbed. In a short term, the upward space of corn prices may not be too much, and the overall market is likely to go strongly in a steady pace. Participants can pay attention to the auction tomorrow.

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.