Today (Feb. 26), the market for grains in China is shown as follows:

Domestic corn prices stay stable with slight fluctuations today. The price prevails at 1,890-2,030 yuan/tonne with individual decrease of 6-20 yuan/tonne compared to yesterday among deep-processing enterprises in Shandong. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,855-1,870 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 1,850-1,860 yuan/tonne flat from yesterday (test weight 690-700 g/L). At Shekou port, Guangdong, the second-class corn is priced at 2,000 yuan/tonne and can be traded through negotiation.

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. Nevertheless, some enterprises, particularly deep-processing enterprises are willing to make replenishment due to insufficient inventory after recent consumption. And Northeast traders also have intention to buy corn at a low price. In consequence, corn market is boosted amid increasing buyers. Overall, domestic corn price mostly stays stable with individual rises today, and corn market is expected to mainly fluctuate slightly in stability in the near term.

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.