Today (Mar. 23), the market for grains in China is shown as follows:

Domestic corn prices go up today. The price prevails at 1,896-1,960 yuan/tonne with partial rises of 10-20 yuan/tonne compared to last Friday among deep-processing enterprises in Shandong. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,880-1,900 yuan/tonne flat 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 1,880-1,890 yuan/tonne up by 5 yuan/tonne from last Friday (test weight 690-700 g/L). At Shekou port, Guangdong, the second-class corn price is raised to 1,990 yuan/tonne, and individual price could be at 1,980 yuan/tonne, which is 10 yuan/tonne more than last Friday.

Domestic surplus corn in producing area is decreasing continually. Although many enterprises have made replenishment in succession, the stocks in northeast deep-processing enterprises are still lower than a year earlier. With the weather warming up in North China, the moisture content of wet corn gradually decreases. As a result, farmers slow down the sales pace, and there are 700 trucks arriving at Shandong this morning. Meanwhile, buyers enter the market to purchase dry corn, which also offers support to market. Such being this case, the fundamentals still look bullish for market. And some domestic enterprises continue raising price by 10-20 yuan/tonne. Therefore, recent corn price will still stay strong, and buyers can pay attention to the later auction. 

Domestic sorghum prices are stable with a rise in some regions today, of which dried sorghum prices prevail at around 2500-2600 yuan/tonne. Currently, sorghum supply is gradually 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 with a partial rise today, of which US raw sorghum is quoted at 1,980-2,020 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. But port stocks are relatively low at present, so traders tend to support the prices, which bolsters imported US sorghum prices to keep strengthening.

Imported barley prices remain stable with a rise in some regions today. Breeding industry is slow in recovering, so feed enterprises are mostly taking hand-to-mouth buying, which is also a constraint on the market. In addition, there are concerns over a slowdown in domestic economic growth due to the spread of the epidemic. Currently, markets have some difficulty making contacts, so barley trading volume is limited. Nevertheless, barley stocks are low at present, so traders tend to stall sales to prop up prices. Overall, imported barley price is predicted to stay stable.