China will end the auctions of its state soy and corn reserves next week as the new crops begin to reach market, with the latest auction announcement from the National Grain Trade Centre (NGTC) not listing soybean or corn in its auctions. Corn auctions usually finish around end of October as new harvest is marketed at early November. Corn auctions are performed to reduce China’s massive corn stock. China has sold more than 100 million mt of corn reserves as of 25th October this year.