Today ( Sept. 11th), the market for grains in China is shown as follows

    Corn: Most domestic corn prices steadily where some are mixed in prices. Corn buying prices in Shandong deep processors mostly stay at 1,840-1,930 yuan/tonne, some further down 4-10 yuan/tonne from yesterday. While main purchasing prices offered at Jinzhou port, Liaoning come into at 1,770-1,790 yuan/tonne for drying corn of year 2017, 1,820 yuan/tonne for corn prices with volume weight over 720g/L, 1,770 yuan/tonne for old corn, 1,410 yuan/tonne for new corn of year 2018 with 30% moisture. While naturally drying corn prices at Bayuquan port are pegged at 1,770-1,780 yuan/tonne; 1,750-1,770 yuan/tonne for old corn (volume weight 700 g/L), unchanged from yesterday. Second-class corn prices at Shekou port, Guangdong settle at 1,900-1,920 yuan/tonne, up 10 yuan/tonne from yesterday. Given new corn production is largely expected to cut in northeast, a wave of corn stockpiling is now thriving between the alternative period of new for old corn, with traded prices for corn temporarily reserved going further high. In addition, boosted by rigid demand for good-quality corn in some feed businesses, corn these days go further strong in price amid marketers’ bullish stance. However, auctions of temporarily reserved grain remain unchanged in speed, with 8 Mln tonnes under the hammer every week. Add to that, new corn in regions like Liaoning start to supply the market, under which businesses in Shandong recently lower down corn buying prices, whist live pig raising vulnerable to ASF on the other hand shrinks corn feed demand. For all these, corn prices is forecast to move sideways narrowly during the alternative period. To a large extent, corn prices may come off early high, when new corn later enters the market massively.

    Barley: Prices at ports also keep stable (Australian barley: Shandong offers 2,020 yuan/tonne; Nantong 2,020; Guangzhou 1,920 yuan/tonne. French barley: 1,860 yuan/tonne. Ukrainian barley: 1,850 yuan/tonne). Amid trade conflicts, importers would prefer to stay on the sideline toward US sorghum as its import costs remain record high-- sorghum July imports reach the nadir in year 2018, whilst low Australian sorghum and barley imports later will also lead to downsized stockpiles. That leads to strong willingness for higher offers among importers in case of unavailable low costs for grain sources. And as barley and sorghum generally lose their price advantage over corn market amid sprawling ASF, slack feed demand pushes down sorghum prices at some ports. Grains today go steady in price at ports with mixed long and short positions, and shorter term, are mainly to move upward.