# Chinese Purchases Likely to Pick Up Steam in 4th Quarter as It Tries to Fulfill Trade Commitments

> USTR Robert Lighthizer told Congress China had bought about $10 billion of US agricultural goods, well short of the $36.5 billion phase one commitment. Analysts note that export sales are running counter-seasonally higher and that China would need heavy purchases in the fourth quarter. Soybeans could account for 60% or more of the purchases.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/52466-chinese-purchases-likely-to-pick-up-steam-in-4th-quarter-as-it-tries-to-fulfill
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy fourth-quarter Chinese buying would support US soybean and corn export demand and prices into the new crop marketing year. Cancellations remain a risk if relations sour.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-10 | [China crushers to crank up U.S. soy purchases in fourth quarter - traders \| Financial Post](https://feedsoft.ai/events/10685-china-crushers-to-crank-up-u-s-soy-purchases-in-fourth-quarter-traders.md) | +3.8% | +11.4% |
| SOY | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +2.8% | +4.6% |
| SOY | 2020-08-17 | [China is far behind farm purchases needed to fulfill terms of trade deal with U.S. - Medill News Service](https://feedsoft.ai/events/51476-china-is-far-behind-farm-purchases-needed-to-fulfill-terms-of-trade-deal-with-u.md) | -0.3% | +12.8% |
| SOY | 2026-08-03 | [EXCLUSIVE: Chinese state traders make large US soybean purchases \| Reuters](https://feedsoft.ai/events/14553-exclusive-chinese-state-traders-make-large-us-soybean-purchases-reuters.md) | -1.3% | +8.9% |
| SOY | 2019-09-13 | [Soybeans extend gains after big Chinese purchase fuels trade hopes \| Financial Post](https://feedsoft.ai/events/10850-soybeans-extend-gains-after-big-chinese-purchase-fuels-trade-hopes-financial.md) | +1.1% | +4.6% |
| CORN | 2020-08-17 | [China is far behind farm purchases needed to fulfill terms of trade deal with U.S. - Medill News Service](https://feedsoft.ai/events/51476-china-is-far-behind-farm-purchases-needed-to-fulfill-terms-of-trade-deal-with-u.md) | +1.3% | +9.3% |
| CORN | 2023-03-26 | [“A Flurry of Chinese Purchases of U.S. Corn,” as Brazil Seeks Further Ag Trade Opening with China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14855-a-flurry-of-chinese-purchases-of-u-s-corn-as-brazil-seeks-further-ag-trade.md) | +1.6% | -0.0% |
| CORN | 2020-03-24 | [China makes largest U.S. grain purchases since start of trade war - UPI.com](https://feedsoft.ai/events/54008-china-makes-largest-u-s-grain-purchases-since-start-of-trade-war-upi-com.md) | +6.1% | -4.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2020/06/19/chinese-purchases-likely-pick-steam

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