# Economist’s Angle: Where Do Phase One Purchases Stand? - American Soybean Association

> The USTR/USDA report found China implemented 50 of 57 structural changes under the Phase One agreement, while the Peterson Institute offered a differing assessment. The agreement targets US agricultural exports to China rising $12.5 billion above 2017 levels in 2020 and $19.5 billion in 2021.

- Date: 2020-11-05 · published 2020-11-05T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/50021-economist-s-angle-where-do-phase-one-purchases-stand-american-soybean
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Progress toward Phase One purchase targets shapes expected Chinese demand for US soybeans, corn and other farm goods, with shortfalls posing downside risk to US prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-28 | [Soy Growers Want Off EPA’s Deadline Merry-Go-Round - American Soybean Association](https://feedsoft.ai/events/15424-soy-growers-want-off-epa-s-deadline-merry-go-round-american-soybean-association.md) | +6.6% | +9.8% |
| SOY | 2026-10-14 | [Has Biofuel Demand Replaced Export Demand in U.S. Soybean Markets? - American Soybean Association](https://feedsoft.ai/events/506-has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets-american.md) | -2.3% | — |
| SOY | 2023-01-13 | [12 American Soybean Association representatives testify at EPA public hearing on RFS](https://feedsoft.ai/events/15343-12-american-soybean-association-representatives-testify-at-epa-public-hearing.md) | -1.5% | +0.8% |
| SOY | 2017-12-19 | [10 Years of Biodiesel in the RFS - American Soybean Association](https://feedsoft.ai/events/67351-10-years-of-biodiesel-in-the-rfs-american-soybean-association.md) | -0.2% | +1.2% |
| SOY | 2017-07-05 | [ASA: RFS Volumes a Missed Opportunity for Biodiesel - American Soybean Association](https://feedsoft.ai/events/69850-asa-rfs-volumes-a-missed-opportunity-for-biodiesel-american-soybean-association.md) | +6.3% | -0.5% |
| CORN | 2026-04-09 | [Beyond the Headline RVO - American Soybean Association](https://feedsoft.ai/events/15036-beyond-the-headline-rvo-american-soybean-association.md) | +0.9% | +1.5% |
| CORN | 2019-12-19 | [EPA Issues Final 2020-21 RFS Rule - American Soybean Association](https://feedsoft.ai/events/55451-epa-issues-final-2020-21-rfs-rule-american-soybean-association.md) | +0.5% | +0.7% |
| CORN | 2019-10-15 | [Supplemental Proposed Rule: It Does Account for SREs…But with a Loophole? - American Soybean Association](https://feedsoft.ai/events/56441-supplemental-proposed-rule-it-does-account-for-sres-but-with-a-loophole.md) | -2.0% | -3.2% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/economists-angle-where-do-phase-one-purchases-stand/

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