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

Domestic corn prices are mostly stable with individual rises today. The price prevails at 1,906-1,972 yuan/tonne with individual rises 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 1,880-1,910 yuan/tonne and the price at high level is up 10 yuan/tonne from yesterday (moisture 14.5% and test weight 700-720 g/L). At Bayuquan port, the purchasing price keeps at 1,895-1,905 yuan/tonne the same as yesterday (test weight 700-720 g/L). At Shekou port, Guangdong, the second-class corn transaction price remains at 1,990 yuan/tonne, which is unchanged with yesterday.

For the moment, the surplus corn in main producing area is gradually decreasing and rests about 20% nationwide. The arrivals in North China decreased by over 100 trucks this morning affected by the rainy weather, so several deep-processing enterprises and feed mills continued raising price on the smaller supply. Meanwhile, individual enterprises raise the price by 10 yuan/tonne. Besides, the ground-corn (which reserves on the floor) in Northeast China has been sold out, and some of the stocks are transferred to traders. But farmers are in no hurry to sell the rest loft-corn (which reserves in loft). Furthermore, deep-processing enterprises in some regions need to make replenishment as the inventories are still lower than the same period last year. Accordingly, the fundamentals still look bullish for market. Today, corn price in individual enterprises rises further by 10 yuan/tonne. Nevertheless, traders basically end the construction of storehouse, and corn inventories at Northern ports have significantly increased to 3 mln tonne over the past two weeks. In this case, buyers are not active in purchasing goods, and Southern feed enterprises mainly take a hand-to-mouth buying, which will constrain the market trend. Therefore, corn price will still stay strong on the whole, and buyers can pay attention to the later auction. 

Domestic sorghum prices are stable 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 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 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. 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.