
China purchased $23.5 billion of U.S. agricultural products in 2020, well short of the $36.6 billion Phase 1 commitment, according to Peterson Institute data. Analysts said China was not focused on the pact and that the 2021 target may be reached mainly because commodity prices have risen.
The shortfall signals weaker-than-committed Chinese demand for U.S. farm goods, though rising prices may help meet the 2021 target in dollar terms.
After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.