Today (Mar. 18), 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 some declines of 10-20 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 is priced at 2,000 yuan/tonne and traded at 1,990 yuan/tonne, which is flat from yesterday.

The surplus corn in producing area is decreasing continually, among which the rest of corn in Northeast is less than 20%. 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 several businesses continue to raise price in some regions. Besides, the rumor that the reserve price for auction increases by 50-70 yuan/tonne leads optimism around the market. 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, the sales of most feed enterprises have been in decline in March. Particularly in North China, the poultry feed sales have decreased by 20%-40%. In this case, feed enterprises are not active in purchasing corn, and the price in some northern factories further falls by 10-20 yuan/tonne. Due to the existing regional supply characteristics in market, short-term corn price will still adjust with fluctuations. 

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 keep steady, 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 remain stable today. Logistics are recovering as some regions clear the blockade in roads, and enterprises have also resumed work and imports. Imported barley price is predicted to stay stable.