# China to fall short on promises to U.S. as trade deal ends

> Chinese purchases of US goods under the phase one deal reached only about 59% of the extra $200 billion target by the end of November. The deal is set to expire, and China's US trade surplus is on track for a record.

- Date: 2021-12-23 · published 2021-12-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14969-china-to-fall-short-on-promises-to-u-s-as-trade-deal-ends
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The purchase shortfall reduces the likelihood of sustained large Chinese buying of US farm products, which is a bearish factor for US grain and oilseed export expectations.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-30 | [U.S. Ag Sales to China to Fall by 45% in Trade War](https://feedsoft.ai/events/61933-u-s-ag-sales-to-china-to-fall-by-45-in-trade-war.md) | +3.3% | -0.5% |
| SOY | 2020-01-16 | [China's 'market condition' caveat on U.S. ag purchases adds to trade deal doubts](https://feedsoft.ai/events/54944-china-s-market-condition-caveat-on-u-s-ag-purchases-adds-to-trade-deal-doubts.md) | -2.1% | -3.5% |
| SOY | 2022-02-08 | [U.S. December trade data reveals massive shortfall in China's 'Phase 1' purchases](https://feedsoft.ai/events/14953-u-s-december-trade-data-reveals-massive-shortfall-in-china-s-phase-1-purchases.md) | -0.7% | +7.8% |
| SOY | 2020-10-27 | [Trump's phase one trade deal with China and the US election \| PIIE](https://feedsoft.ai/events/50504-trump-s-phase-one-trade-deal-with-china-and-the-us-election-piie.md) | -3.4% | +9.5% |
| SOY | 2019-03-02 | [As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return](https://feedsoft.ai/events/60197-as-trade-war-wears-on-u-s-soybean-farmers-start-to-worry-that-china-s-demand.md) | -1.7% | -1.7% |
| CORN | 2020-01-16 | [China's 'market condition' caveat on U.S. ag purchases adds to trade deal doubts](https://feedsoft.ai/events/54944-china-s-market-condition-caveat-on-u-s-ag-purchases-adds-to-trade-deal-doubts.md) | +0.7% | -1.7% |
| CORN | 2022-02-08 | [U.S. December trade data reveals massive shortfall in China's 'Phase 1' purchases](https://feedsoft.ai/events/14953-u-s-december-trade-data-reveals-massive-shortfall-in-china-s-phase-1-purchases.md) | +1.9% | +14.4% |
| CORN | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.2% | -4.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/business/china-to-fall-short-on-promises-to-u-s-as-trade-deal-ends

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