# USTR and USDA Release Report on Agricultural Trade between the United States and China | United States Trade Representative

> USTR and USDA released a report on implementation of the agricultural provisions of the U.S.-China Phase One agreement. It says China has implemented at least 50 of 57 technical commitments and has bought over $23 billion in U.S. farm goods, about 71% of its target, with record corn and strong soybean sales for 2021.

- Date: 2020-10-23 · published 2020-10-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/50499-ustr-and-usda-release-report-on-agricultural-trade-between-the-united-states
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Confirmed Chinese purchase pace and record sales support demand for US corn, soybeans and sorghum, which is supportive for feed grain and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-12-15 | [United States Challenges Chinese Grain Tariff Rate Quotas for Rice, Wheat, and Corn \| United States Trade Representative](https://feedsoft.ai/events/73335-united-states-challenges-chinese-grain-tariff-rate-quotas-for-rice-wheat-and.md) | -2.2% | +0.5% |
| CORN | 2018-08-29 | [US feed associations release joint statement on preliminary trade agreement between US and Mexico - Milling and Grain](https://feedsoft.ai/events/63509-us-feed-associations-release-joint-statement-on-preliminary-trade-agreement.md) | +2.7% | +4.2% |
| CORN | 2017-10-02 | [Private Exporters Report Sales Activity for Mexico and China \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/68324-private-exporters-report-sales-activity-for-mexico-and-china-usda-foreign.md) | +2.7% | +1.7% |
| CORN | 2022-02-01 | [Export Sales to China and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/42668-export-sales-to-china-and-mexico-usda-foreign-agricultural-service.md) | +1.8% | +11.1% |
| CORN | 2025-02-06 | [United States Welcomes Mexico’s Actions Towards Resolving USMCA Biotech Corn Dispute \| United States Trade Representative](https://feedsoft.ai/events/26002-united-states-welcomes-mexico-s-actions-towards-resolving-usmca-biotech-corn.md) | +1.4% | -7.2% |
| SOY | 2017-10-02 | [Private Exporters Report Sales Activity for Mexico and China \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/68324-private-exporters-report-sales-activity-for-mexico-and-china-usda-foreign.md) | +0.4% | +0.7% |
| SOY | 2022-02-01 | [Export Sales to China and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/42668-export-sales-to-china-and-mexico-usda-foreign-agricultural-service.md) | +6.1% | +14.4% |
| SOY | 2017-02-14 | [U.S. Agricultural Trade with China (02/14/2017)](https://feedsoft.ai/events/72354-u-s-agricultural-trade-with-china-02-14-2017.md) | -2.7% | -6.4% |

## Sources

- ustr.gov: https://ustr.gov/about-us/policy-offices/press-office/press-releases/2020/october/ustr-and-usda-release-report-agricultural-trade-between-united-states-and-china

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