# ANALYSIS: US election, pork price to dictate Phase One success - Fastmarkets

> Chinese purchases of key US farm products have largely stalled in October as buyers await the US presidential election. State-owned soybean buying has mostly stopped, and China's soybean coverage for 2020 is near full while corn buying has run at a record pace.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/50638-analysis-us-election-pork-price-to-dictate-phase-one-success-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

With soybean and meat making up nearly half of purchases, the Phase One target is at risk, and softer Chinese pork prices signal slower herd rebuilding that could cut future soymeal, soybean and corn demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-27 | [Trump's phase one trade deal with China and the US election \| PIIE](https://feedsoft.ai/events/50504-trump-s-phase-one-trade-deal-with-china-and-the-us-election-piie.md) | -3.4% | +9.5% |
| SOY | 2026-06-08 | [Soybean price commentary: Futures fall on US tariffs, bearish derived and external markets - Fastmarkets](https://feedsoft.ai/events/5195-soybean-price-commentary-futures-fall-on-us-tariffs-bearish-derived-and.md) | -0.7% | +6.7% |
| SOY | 2025-03-04 | [China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets](https://feedsoft.ai/events/8147-china-announces-new-duties-on-us-agricultural-imports-as-us-tariffs-take-effect.md) | +0.2% | +1.7% |
| SOY | 2021-07-29 | [ExportPlanning - US-China Phase One Deal: Tracking Progress H1-2021 - ExportPlanning](https://feedsoft.ai/events/45923-exportplanning-us-china-phase-one-deal-tracking-progress-h1-2021-exportplanning.md) | -2.0% | -6.0% |
| SOY | 2025-03-04 | [Grain Markets Sink on Tariff Retaliation: How Long Will It Take To Price It In?](https://feedsoft.ai/events/12568-grain-markets-sink-on-tariff-retaliation-how-long-will-it-take-to-price-it-in.md) | +0.2% | +1.7% |
| SBM | 2026-06-08 | [Soybean price commentary: Futures fall on US tariffs, bearish derived and external markets - Fastmarkets](https://feedsoft.ai/events/5195-soybean-price-commentary-futures-fall-on-us-tariffs-bearish-derived-and.md) | -4.9% | -1.6% |
| SBM | 2022-08-23 | [Brazilian FOB soybean oil prices likely to remain at unusual discount to Argentina’s FOB - Fastmarkets](https://feedsoft.ai/events/40123-brazilian-fob-soybean-oil-prices-likely-to-remain-at-unusual-discount-to.md) | +2.8% | -3.5% |
| SBM | 2021-12-02 | [China pig price rise: autumn peak or structural? - Analysis Pigs \| Boerenbusiness. Nl](https://feedsoft.ai/events/43579-china-pig-price-rise-autumn-peak-or-structural-analysis-pigs-boerenbusiness-nl.md) | +2.0% | +13.8% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/analysis-us-election-pork-price-to-dictate-phase-one-success/

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