# Exclusive: US soybean industry pleased with phase 1 trade deal fulfillment, hopes trade continue to offer win-win results - Global Times

> A Global Times report says U.S. soybean exporters are satisfied with China's implementation of the phase one trade deal. U.S. farm exports to China set a record of $36.4 billion in 2022. Demand this marketing year is at its second-highest level in five years.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14867-exclusive-us-soybean-industry-pleased-with-phase-1-trade-deal-fulfillment-hopes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Solid Chinese soybean demand supports U.S. export sales and prices. The story describes trade-deal compliance rather than a new policy change.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-07-16 | [Concrete results emerge from Sino-US 100-day action plan with huge food deal - Global Times](https://feedsoft.ai/events/69819-concrete-results-emerge-from-sino-us-100-day-action-plan-with-huge-food-deal.md) | +2.4% | -5.0% |
| SOY | 2020-01-15 | [China to significantly increase U.S. soybean imports after Phase 1 deal: Global Times](https://feedsoft.ai/events/54942-china-to-significantly-increase-u-s-soybean-imports-after-phase-1-deal-global.md) | -1.6% | -3.9% |
| SOY | 2017-08-22 | [Chinese Buyers Ink $1.5 Billion of Contracts Prior to U.S. Soy Global Trade Exchange - U.S. Soybean Export Council](https://feedsoft.ai/events/69326-chinese-buyers-ink-1-5-billion-of-contracts-prior-to-u-s-soy-global-trade.md) | +0.3% | +3.5% |
| SOY | 2020-05-27 | [China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance \| South China Morning Post](https://feedsoft.ai/events/52988-china-facing-soybean-dilemma-as-it-tries-to-balance-phase-one-trade-deal-with.md) | +0.4% | +3.3% |
| SOY | 2026-08-03 | [EXCLUSIVE: Chinese state traders make large US soybean purchases \| Reuters](https://feedsoft.ai/events/14553-exclusive-chinese-state-traders-make-large-us-soybean-purchases-reuters.md) | -1.3% | +8.9% |

## Sources

- globaltimes.cn: https://www.globaltimes.cn/page/202302/1286128.shtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.