# Phase One Trade Deal Now in Final Quarter -

> The Peterson Institute says China's purchases of US farm goods under the Phase One agreement reached 89 percent of the annual commitment through July, with $23.2 billion imported against a year-to-date target of $25.9 billion. The agreement expires on February 15, 2022, and whether China can meet the remaining commitment is uncertain.

- Date: 2021-09-02 · published 2021-09-02T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/44958-phase-one-trade-deal-now-in-final-quarter
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

If China must accelerate purchases to meet the deal, US corn and soybean export demand could firm, which supports prices. Failure to meet the target would weigh on sentiment.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-16 | [Factbox: What is actually in the U.S.-China 'Phase One' trade deal?](https://feedsoft.ai/events/55443-factbox-what-is-actually-in-the-u-s-china-phase-one-trade-deal.md) | +4.2% | +4.8% |
| CORN | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +2.8% | +0.3% |
| CORN | 2020-08-10 | [Phase One Trade Deal Lifting Sorghum Prices Higher -](https://feedsoft.ai/events/51676-phase-one-trade-deal-lifting-sorghum-prices-higher.md) | +4.0% | +9.0% |
| CORN | 2021-10-04 | [Why Biden will try to enforce Trump’s phase one trade deal with China \| PIIE](https://feedsoft.ai/events/44413-why-biden-will-try-to-enforce-trump-s-phase-one-trade-deal-with-china-piie.md) | -0.2% | +3.7% |
| CORN | 2020-05-13 | [Market analyst optimistic about Phase One trade deal \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/52987-market-analyst-optimistic-about-phase-one-trade-deal-iowa-agribusiness-radio.md) | -0.3% | +1.5% |
| SOY | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +0.9% | +0.2% |
| SOY | 2019-12-16 | [Factbox: How China tariffs on U.S. commodities, energy stand after 'phase one' trade deal](https://feedsoft.ai/events/55441-factbox-how-china-tariffs-on-u-s-commodities-energy-stand-after-phase-one-trade.md) | +2.3% | +2.3% |
| SOY | 2020-08-10 | [China crushers to crank up U.S. soy purchases in fourth quarter - traders \| Financial Post](https://feedsoft.ai/events/10685-china-crushers-to-crank-up-u-s-soy-purchases-in-fourth-quarter-traders.md) | +3.8% | +11.4% |

## Sources

- allagnews.com: https://www.allagnews.com/phase-one-trade-deal-now-in-final-quarter/

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