Today (Feb. 13), the market for grains in China is shown as follows:

Domestic corn prices mostly are stable with slight adjustments today. The price prevails at 1,934-2,080 yuan/tonne among deep-processing enterprises in Shandong and individual prices drop by 6 yuan/tonne from yesterday. At Jinzhou port, Liaoning, 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 Shekou port, Guangdong, the second-class corn price declines to 2,020-2,030 yuan/tonne down by 10 yuan/tonne 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. Nevertheless, 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. Additionally, local governments forbid the live birds trading, and the epidemic has caused 78% of resturants to lose over 100% of revenues, which affects the meats consumption. Also, the recovery of hog production capacity also has been delayed, and demand for meats falls. Thus, the overall demand for corn also slows down. Besides, feed enterprises often purchase on a hand-to-mouth basis. Today, transaction price of corn becomes flexible at Southern ports. And buyers can keep eyes on the development of epidemic, and corn price will be likely to fall back 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.