Today (Feb. 24), the market for grains in China is shown as follows:

Domestic corn prices stay stable with fluctuations today. The price prevails at 1,890-2,030 yuan/tonne among deep-processing enterprises in Shandong and some price down by 10-20 yuan/tonne from last Friday. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,850-1,865 yuan/tonne up by 15-20 yuan/tonne from last Friday (moisture 14.5% and test weight 700-720 g/L). At Bayuquan port, the purchasing price of new corn of 2019 is 1,845-1,855 yuan/tonne up by 15-20 yuan/tonne from last Friday (test weight 690-700 g/L). At Shekou port, Guangdong, the second-class corn price is 1,970-1,980 yuan/tonne with an increase of 10 yuan/tonne from last Friday.

With the traffic controls lifting in some regions, logistics are also resumed successively. But farmers are more active in selling grain with the temperature rising, which sees a rapid increase of market supply recently. And some enterprises in North China cut the price again to control supply based on the safety inventories. Today, the price in individual enterprises decreases by 10-20 yuan/tonne from last Friday. Nevertheless, after consecutive days of drop in corn price, some farmers are reluctant to sell goods and traders also tend to buy corn at a low price, which will limit the adjustment space of spot goods. Overall, corn market is expected to fluctuate slightly in stability.

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 slightly lower today from that before the holidays. 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 stay stable amid concerns over the virus.