Today (Mar. 27), the market for grains in China is shown as follows:

Domestic corn prices rise further today. The price prevails at 1,906-1,972 yuan/tonne with a rise of 10-30 yuan/tonne compared to yesterday among deep-processing enterprises in Shandong. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,885-1,920 yuan/tonne up by 5-10 yuan/tonne from yesterday (moisture 14.5% and test weight 700-720 g/L). At Shekou port, Guangdong, the second-class corn transaction price is raised to 2,010 yuan/tonne up by 20 yuan/tonne from yesterday.

For the moment, the surplus corn in main producing area gradually bottoms out and rests about 20% nationwide. The arrivals in North China decreased to 200 trucks this morning affected by the rainy weather, so some deep-processing enterprises and feed mills continued raising price on the smaller supply. 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. In addition, traders at Northern ports are still purchasing corn, boosting market. Accordingly, the fundamentals still look bullish for market. Today, partial enterprises continue raising price by 10-30 yuan/tonne. Therefore, short-term corn price will still maintain a strong trend and have an upward space, 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. Farmers become active making hog replenishment due to considerable margins at present. And the demand for poultry and eggs will also pick up as students will gradually go back to schools. The demand for barley is decent recently, and barley stocks are relatively small now, so traders tend to stall sales to prop up prices. Overall, imported barley price is predicted to stay stable.