Today (Feb. 12), the market for grains in China is shown as follows:

Domestic corn prices mostly are stable with slight adjustments today. The price prevails at 1,940-2,080 yuan/tonne among deep-processing enterprises in Shandong and individual prices slightly adjust by 6-10 yuan/tonne from yesterday. At Jinzhou port, Liaoning, most traders don’t offer the price and some traders offer the purchasing price at 1,890-1,900 yuan/tonne unchanged with yesterday (moisture 14.5% and test weight 690-700 g/L). At Bayuquan port, the purchasing price of new corn of 2019 which test weight 690-700 g/L settles at 1,890-1,900 yuan/tonne the same as yesterday. At Shekou port, Guangdong, the second-class corn could be traded at 2,030-2,040 yuan/tonne flat from yesterday.

It takes time to full control the novel coronavirus epidemic, and the traffic controls around the country restrict the delivery of reserved corn, so enterprises have a difficult in supplying goods. And the phased supply gets tight, which offers support to market. Nevertheless, the enterprises are entrusted by relevant state departments with outgoing of policy-oriented grain, and local related departments are also devoted to resolv the transportation and other problems. Additionally, local governments forbid the live birds trading. 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. Besides, feed enterprises often take a hand-to-mouth strategy. In a hybrid of the bull and the bear, corn prices keep steady today. And it will not rule out the phased falls of corn price if the situation of tight supply eases.

Domestic sorghum prices keep steady today. 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 stay stable today. But most large enterprises have not resumed work, and traders have some difficulty making shipment as 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.