Today (Feb. 21), the market for grains in China is shown as follows:

The declines in domestic corn prices slow today. The price prevails at 1,890-2,020 yuan/tonne with slight adjustments among deep-processing enterprises in Shandong. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,830-1,840 yuan/tonne unchanged with yesterday (moisture 14.5% and test weight 700-720 g/L). At Bayuquan port, the purchasing price of new corn of 2019 is 1,830-1,835 yuan/tonne flat from yesterday (test weight 690-700 g/L). At Shekou port, Guangdong, the second-class corn price remains flat at 1,960-1,970 yuan/tonne from yesterday.

With the traffic controls lifting in some regions, logistics are also resumed successively. 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. In the past two days, corn prices fell back under the pressure at corn belt and ports. Nevertheless, some traders tend to stock up after a continuous pricing. Furthermore, insufficient inventory with deep-processing enterprises and traders also offers support to market. Thus, the price declines in corn market slow down today. But with the market supply increasing, corn prices are still likely to go weakly over a steady trend in phases.

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 are available today, but some traders have just made pre-sales and had difficulty making shipment as logistics still get interrupted under the influence of the coronavirus. Imported barley price is predicted to have a weak trend amid concerns over the virus.