# China’s "Phase One" trade commitments expire soon, then what? - Brownfield Ag News

> An ag economist says China's purchases of US farm goods have returned to pre-trade-war levels, with about $3.3 billion in corn and $3.6 billion in soybeans bought year to date. The Phase One purchase commitments expire at year-end, and the trade relationship's future after January is uncertain.

- Date: 2021-08-24 · published 2021-08-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/45415-china-s-phase-one-trade-commitments-expire-soon-then-what-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Uncertainty over post-Phase One tariffs and purchases could weigh on forward demand for US soybeans and corn, though historically strong Oct-Dec soybean buying supports near-term prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-01 | [Commitments haven’t moved markets - Brownfield Ag News](https://feedsoft.ai/events/60119-commitments-haven-t-moved-markets-brownfield-ag-news.md) | -0.8% | -0.9% |
| SOY | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | +0.4% | -2.5% |
| SOY | 2020-01-15 | [What's in the U.S.-China Phase 1 trade deal](https://feedsoft.ai/events/54939-what-s-in-the-u-s-china-phase-1-trade-deal.md) | -1.6% | -3.9% |
| SOY | 2021-01-22 | [China falls short of U.S. trade commitments \| The Western Producer](https://feedsoft.ai/events/49012-china-falls-short-of-u-s-trade-commitments-the-western-producer.md) | -1.2% | +0.5% |
| SOY | 2021-04-25 | [The U.S.-China Phase 1 Trade Agreement— Purchases of goods and services by China continue to lag dramatically behind commitments - WITA](https://feedsoft.ai/events/47454-the-u-s-china-phase-1-trade-agreement-purchases-of-goods-and-services-by-china.md) | +2.0% | -0.9% |
| CORN | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | -1.3% | -1.5% |
| CORN | 2020-01-15 | [What's in the U.S.-China Phase 1 trade deal](https://feedsoft.ai/events/54939-what-s-in-the-u-s-china-phase-1-trade-deal.md) | +0.3% | -2.4% |
| CORN | 2017-01-23 | [Soybeans down on commercial pressure - Brownfield Ag News](https://feedsoft.ai/events/73026-soybeans-down-on-commercial-pressure-brownfield-ag-news.md) | -0.4% | +0.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/chinas-phase-one-trade-commitments-expire-soon-then-what/

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