Today (Apr. 28), the market for grains in China is shown as follows:
Corn:
Corn prices rise further in some regions of China today. The price among deep-processing enterprises in Shandong prevails at 2,140-2,200 CNY/tonne with individual rises of 10-30 CNY/tonne compared with yesterday. At Jinzhou port, Liaoning, the purchasing price of corn is 2,010 CNY/tonne (moisture 15% and volume weight 700 g/L) up by 10 CNY/tonne from yesterday and 2,050 CNY/tonne (moisture 15% and volume weight 720 g/L) up by 30 CNY/tonne from yesterday respectively. At Bayuquan port, the purchasing price of corn is 2,015-2,035 CNY/tonne (volume weight 700-720 g/L), up by 5 CNY/tonne from yesterday. And the corn arrival transported by trucks totals 7,500 tonnes at port, down by 0.05 CNY/tonne from yesterday. At Shekou port, Guangdong, the second-class corn price is raised to 2,150 CNY/tonne up by 20 CNY/tonne from yesterday.
Corn prices rise further in some regions of China today. The price among deep-processing enterprises in Shandong prevails at 2,140-2,200 CNY/tonne with individual rises of 10-30 CNY/tonne compared with yesterday. At Jinzhou port, Liaoning, the purchasing price of corn is 2,010 CNY/tonne (moisture 15% and volume weight 700 g/L) up by 10 CNY/tonne from yesterday and 2,050 CNY/tonne (moisture 15% and volume weight 720 g/L) up by 30 CNY/tonne from yesterday respectively. At Bayuquan port, the purchasing price of corn is 2,015-2,035 CNY/tonne (volume weight 700-720 g/L), up by 5 CNY/tonne from yesterday. And the corn arrival transported by trucks totals 7,500 tonnes at port, down by 0.05 CNY/tonne from yesterday. At Shekou port, Guangdong, the second-class corn price is raised to 2,150 CNY/tonne up by 20 CNY/tonne from yesterday.
Sorghum:
Domestic sorghum prices are stable today, of which dried sorghum prices prevail at around 2,800 CNY/tonne. Both farmers and traders have a strong sentiment for higher prices, as sorghum supplies are reducing and margins are growing. But imported sorghum is in huge volume and at relatively low prices, which will to some extent weigh on domestic sorghum market. Overall, domestic sorghum prices are predicted to maintain its stable trend.
Imported sorghum prices are flat today, of which US raw sorghum is quoted at 2,080 CNY/tonne. There is no goods available at both Nantong port and Shanghai port, and only some small supply at Tianjin and Guangdong ports. However, in the week ending April 16th, US sorghum exports to China mainland totaled 134,025 tonnes, with a total of 597,386 tonnes since March, according to USDA weekly report on exports for inspected. Hence, imported sorghum prices are predicted to remain stable before those vessels arriving.
Barley:
Imported barley prices are stable today. Farmers become active making hog replenishment due to considerable breeding margins at present, and the demand from egg-poultry breeding will also pick up. The market is positive about the prospect of feed demand from the second quarter, as feed mills have a decent demand recently. Traders tend to stall sales to prop up prices. Overall, imported barley price is predicted to stay stable.
(USD $1=CNY ￥7.07)
