Today (Feb. 20), the market for grains in China is shown as follows:

Domestic corn prices drop further in some regions today. The price prevails at 1,890-2,020 yuan/tonne among deep-processing enterprises in Shandong and partial corn price down by 10 yuan/tonne from yesterday. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,830-1,840 yuan/tonne down by 20 yuan/tonne from yesterday (moisture 14.5% and test weight 700-720 g/L). At Shekou port, Guangdong, the second-class corn price declines to 1,960-1,970 yuan/tonne down by 10 yuan/tonne from yesterday, and some corn could be traded at 1,950-1,960 yuan/tonne.

With the policy signal issuing, country roads are gradually opened up and logistics are also resumed in succession. But before then, the sales cycle was compressed due to the novel coronavirus pneumonia epidemic, affecting the sales progress. But farmers are more active in selling grain with the temperature rising. Also, corn arrivals at some enterprises significantly go up in recent days. On the other hand, the epidemic has affected the meats consumption in phases, and the overall demand for corn also slows down. Besides, feed enterprises often purchase on a hand-to-mouth basis. Today, domestic corn price further declines by 10-30 yuan/tonne. With the supply increasing, short-term corn price is still under a pressure of a further decline.

Domestic sorghum prices are gradually available. But traders have some difficulty making bulk shipments under the influence the novel coronavirus pneumonia, as logistics are slow due to the traffic controls. Domestic sorghum price is predicted to stay stable amid concerns over the virus.

Imported sorghum prices are available and stable only at some ports as 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 some traders have made pre-sales but had 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.