Today (Mar. 16), the market for grains in China is shown as follows:

Domestic corn prices keep steady with slight fluctuations today. The price prevails at 1,926-1,974 yuan/tonne with partial declines of 4-20 yuan/tonne compared to last Friday 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 last Friday (moisture 14.5% and test weight 700-720 g/L). At Shekou port, Guangdong, the second-class corn price prevails at 1,990-2,000 yuan/tonne with no change from last Friday.

For the moment, the surplus corn in producing area is decreasing continually. As of now, many enterprises have made replenishment in succession, but the stocks in northeast deep-processing enterprises are still lower than a year earlier. Meanwhile, the grain dryer in producing area starts working. Such being this case, the fundamentals still look bullish for market. Therefore, the overall trend of northeast market is still strong, and traders continue to raise price in some regions. 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, so the supply of moist corn increases. In addition, breeding enterprises have yet to recover obviously, so feed businesses are in no hurry to purchase. In some factories in North China, corn price falls back again. Due to the existing regional supply characteristics in market, short-term corn price will still fluctuate at a narrow range. 

Domestic sorghum prices are mostly stable and some are mixed 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 mixed with the overall index declining, of which US raw sorghum is quoted at 1,980 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 are mixed with the overall index falling today. Logistics are recovering as some regions cleat the blockade in roads, and enterprises are set to resume work and imports. Imported barley price is predicted to stay stable.