Today (Feb. 10), 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 20 yuan/tonne from last Friday. 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 unchanged with last Friday (moisture 14.5% and test weight 690-700g/L). At Shekou port, Guangdong, the second-class corn could be traded at 2,030-2,040 yuan/tonne flat from last Friday.

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. Nevertheless, local governments forbid the live birds trading and Hubei is the region most affected by the virus. Moreover, hog production capacity have yet to recover after the holiday, and the demand for meats falls on account of a huge hurt in catering industry amid the epidemic. Thus, the overall demand for corn also slows down. In addition, the enterprises are entrusted by relevant state departments with outgoing of policy-oriented grain, and local related departments are also devoted to resolving the transportation and other problems. Therefore, it is hopeful to ease the tight supply of feed, and the release of control signal will assuaging market fears brought by short supply. In a hybrid of the bear and the bull, corn prices are stable today and will mainly keep steady with slight fluctuations on the whole.

In spite of some prices available in the market, traders have some difficulty making shipment under the influence the novel coronavirus pneumonia, as logistics still get interrupted due to the traffic controls. 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.