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

Domestic corn prices keep steady with slight fluctuations today. The price prevails at 1,930-1,980 yuan/tonne with a decline of 4 yuan/tonne compared to yesterday among deep-processing enterprises in Shandong. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,875-1,900 yuan/tonne flat from yesterday (moisture 14.5% and test weight 700-720 g/L). At Bayuquan port, the purchasing price of new corn of 2019 is 1,880-1,890 yuan/tonne unchanged from yesterday (test weight 690-700 g/L). At Shekou port, Guangdong, the second-class corn price prevails at 1,990-2,000 yuan/tonne with no change from yesterday.

The subordinated storehouse in northeast keeps raising price. And for the moment, the inventories in deep-processing enterprises are still lower than the same period last year, so they are in demand of replenishment. Also, the grain dryer in producing area starts working. Such being this case, the surplus corn decreases continually, and the fundamentals still look bullish for market. Therefore, the overall trend of northeast market is still strong. Nevertheless, there is still much surplus corn with high moisture in North China. With the weather warming up, farmers are more willing to sell corn, which further contained the market. Due to the different supply characteristics in different regions, short-term corn price will still fluctuate slightly. In addition, there are market rumors that the reserve price for auction will continue to increase this year. Buyers can pay attention to the guidance of later policy.

Domestic sorghum prices are stable today, of which dried sorghum prices prevail at around 2500-2600 yuan/tonne. Traders are gradually back to the market, while sorghum supply is lessening, so both farmers and traders have a strong sentiment to prop up prices. But imported sorghum are in huge volume and of low prices, which will weigh on domestic sorghum market. Overall, domestic sorghum prices are predicted to maintain its stable trend.

Imported sorghum prices are stable, of which US raw sorghum is quoted at 2000-2050 yuan/tonne. Chinese importers are purchasing US sorghum after getting tariff exemptions. Around 5 cargoes will arrive in China as of June, according to Cofeed. Sorghum imports from the US will gradually increase, which will thus weigh on prices in the market.

Imported barley prices keep steady today. Logistics are recovering as some regions cleat the blockade in roads, and enterprises are set to resume work and imports. But some traders are only making pre-sales and had difficulty making shipment as logistics are still slow under the influence of the coronavirus. Imported barley price is predicted to stay stable amid concerns over the virus.