# CRA Food & Agriculture Trade Update – August 17, 2021 - DocsLib

> An analysis cited by CRA says China's purchases of covered products through June were about 59% of its Phase One target for 2021, which totals $193.3 billion across manufactured, agricultural and energy goods. The update also notes the administration is keeping Section 232 steel tariffs and has paused new free trade agreements.

- Date: 2021-08-17 · published 2021-08-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/45416-cra-food-and-agriculture-trade-update-august-17-2021-docslib
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

China's purchases running well behind the Phase One target point to weaker-than-committed ag demand, a bearish factor for US soybeans and corn if buying does not accelerate.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | -1.5% | +4.3% |
| SOY | 2016-11-18 | [Trump's tough talk on China risks impacting agriculture and food trade](https://feedsoft.ai/events/73818-trump-s-tough-talk-on-china-risks-impacting-agriculture-and-food-trade.md) | +5.7% | +4.8% |
| SOY | 2023-11-02 | [U.S. farm leaders, visiting China, talk up agriculture trade \| Reuters](https://feedsoft.ai/events/14797-u-s-farm-leaders-visiting-china-talk-up-agriculture-trade-reuters.md) | +4.5% | +4.0% |
| SOY | 2018-03-23 | [Trade Conflict Hits Agriculture Commodities - WSJ](https://feedsoft.ai/events/65863-trade-conflict-hits-agriculture-commodities-wsj.md) | +1.5% | -0.1% |
| SOY | 2024-07-15 | [China buys first US soybeans of 2024 crop season \| Agriculture Dive](https://feedsoft.ai/events/29284-china-buys-first-us-soybeans-of-2024-crop-season-agriculture-dive.md) | -3.3% | -9.4% |
| CORN | 2016-11-18 | [Trump's tough talk on China risks impacting agriculture and food trade](https://feedsoft.ai/events/73818-trump-s-tough-talk-on-china-risks-impacting-agriculture-and-food-trade.md) | +2.1% | +4.0% |
| CORN | 2023-11-02 | [U.S. farm leaders, visiting China, talk up agriculture trade \| Reuters](https://feedsoft.ai/events/14797-u-s-farm-leaders-visiting-china-talk-up-agriculture-trade-reuters.md) | +1.4% | -2.0% |
| CORN | 2018-03-23 | [Trade Conflict Hits Agriculture Commodities - WSJ](https://feedsoft.ai/events/65863-trade-conflict-hits-agriculture-commodities-wsj.md) | +1.9% | +3.1% |

## Sources

- docslib.org: https://docslib.org/doc/4006276/cra-food-agriculture-trade-update-august-17-2021

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