Today (Mar. 30), the market for grains in China is shown as follows:

Domestic corn prices rise further today. The price prevails at 1,936-1,990 yuan/tonne with a rise of 10-50 yuan/tonne compared to last Friday among deep-processing enterprises in Shandong. At Jinzhou port, Liaoning, some traders offer the purchasing price at 1,900-1,925 yuan/tonne up by 10 yuan/tonne from last Saturday (moisture 14.5% and test weight 700-720 g/L). At Shekou port, Guangdong, the second-class corn transaction price is raised to 2,040 yuan/tonne up by 30 yuan/tonne from last Friday.

At present, the surplus corn in main producing area bottoms out and rests less than 15% nationwide, which has surpassed the pace of a year earlier. Under the support of expected-higher reserve price of auction and renewal of reserved corn, traders around the country are active in replenishing corn. Among that, major traders at Northern ports continue raising price to purchase goods. In addition, the arrivals in North China have been decreasing since last week and decline rapidly affected by the continuous rainy weather later in the week. With less than 350 trucks of arriving today, some enterprises successively adjust price to attract 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. Accordingly, bullish fundamentals push domestic corn price to extend the rally. And the price rises enlarge in enterprises and at ports, which is up 10-30 yuan/tonne compared to last Friday and even up 40-50 yuan/tonne in some places. Buyers can pay attention to the later auction. 

Domestic sorghum prices are stable with a rise in several regions today, of which dried sorghum prices prevail at around 2,500-2,560 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 are mixed today, with the overall price index higher than last Friday. Farmers become active making hog replenishment due to considerable margins at present. And the demand from egg-poultry breeding will also pick up as schools will open gradually. 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.