Today (Feb. 7), 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 1,940-2,080 yuan/tonne among deep-processing enterprises in Shandong and individual prices are up 50 yuan/tonne from yesterday. Being affected by the new coronavirus, the quantity of corn arrival is very little. 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 2,060 yuan/tonne flat from yesterday. And individual transaction prices could be negotiated between a range of 20-30 yuan/tonne.

The new coronavirus epidemic in China is still spreading, the traffic controls are implemented around the country and many villages close the road, restricting the transportation of reserved corn, so traders mainly take a wait-and-see attitude and enterprises have a difficult in supplying 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. Nevertheless, the enterprise is entrusted by relevant state departments with the auction trading of policy-oriented corn today with the first batch of 2.96 mln tonnes putting in. And it will not rule out issuing the policy-oriented grain in later stage. Also, the release of control signal will assuaging market fears brought by tight supply. Overall, the upward space of corn prices may be limited, and the market is likely to go strongly in a steady pace.

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.