# Perspective on U.S., China Trade, as Phase One Purchases “Strong” this Summer | Farm Policy News | Illinois

> The USDA Foreign Agricultural Service 2019 export yearbook shows U.S. agricultural exports to China rose to $13.8 billion in 2019, with soybeans up $4.9 billion. China's Phase One commitments are valued at roughly $80 billion over two years, and COVID-19 disruptions still weigh on logistics.

- Date: 2020-07-26 · published 2020-07-26T12:00:00.000Z
- Category: report · region US-China · magnitude low
- Page: https://feedsoft.ai/events/51984-perspective-on-u-s-china-trade-as-phase-one-purchases-strong-this-summer-farm
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong Chinese purchases under Phase One support U.S. soybean and pork demand. Pandemic-related port and logistics constraints could slow shipments and limit the price benefit.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | -2.1% | +11.2% |
| SOY | 2023-08-13 | [FAS: “2022/23 China Soybean Imports Raised to Record High” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14820-fas-2022-23-china-soybean-imports-raised-to-record-high-farm-policy-news.md) | -2.7% | -3.5% |
| SOY | 2019-07-01 | [Federal Reserve: Observations on the Ag Economy- July 2019 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/9495-federal-reserve-observations-on-the-ag-economy-july-2019-farm-policy-news.md) | -2.7% | -1.6% |
| SOY | 2020-10-12 | [Smaller Corn and Soybean Supply Forecast, as Derecho Harvest Impact Grows \| Farm Policy News \| Illinois](https://feedsoft.ai/events/11788-smaller-corn-and-soybean-supply-forecast-as-derecho-harvest-impact-grows-farm.md) | -1.5% | +3.1% |
| SOY | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -5.6% | -5.3% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2020/07/perspective-on-u-s-china-trade-as-phase-one-purchases-strong-this-summer/

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