# Q4 Key to China Trade Deal - ProAg

> USTR Lighthizer said China had bought about $10 billion of US farm goods against a $36.5 billion phase one target. Analyst Seth Meyer says actual shipments are closer to $7.5 billion and that sales are moving counter-seasonally higher. Analyst Kevin Van Trump expects China to stretch its purchases to the end of the year.

- Date: 2020-06-22 · published 2020-06-22T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/52467-q4-key-to-china-trade-deal-proag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Purchases pushed into the fourth quarter could support US soybean prices and export demand later in 2020, but the timing and shortfall create price uncertainty. Outstanding sales can still be canceled.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -2.2% | -8.1% |
| SOY | 2019-03-04 | [U.S. and China Near a Trade Deal to Drop Tariffs](https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs.md) | -1.7% | -1.7% |
| SOY | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +0.9% | +0.2% |
| SOY | 2019-08-07 | [U.S.-China trade war boosts Brazil local soy prices, spurs deals](https://feedsoft.ai/events/11473-u-s-china-trade-war-boosts-brazil-local-soy-prices-spurs-deals.md) | +2.9% | +1.7% |
| SOY | 2021-10-04 | [Why Biden will try to enforce Trump’s phase one trade deal with China \| PIIE](https://feedsoft.ai/events/44413-why-biden-will-try-to-enforce-trump-s-phase-one-trade-deal-with-china-piie.md) | -0.3% | -0.9% |
| CORN | 2019-01-23 | [A Trade Deal and Corn Prices - ProAg](https://feedsoft.ai/events/60964-a-trade-deal-and-corn-prices-proag.md) | +0.7% | +0.1% |
| CORN | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -1.7% | -3.5% |
| CORN | 2019-03-04 | [U.S. and China Near a Trade Deal to Drop Tariffs](https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs.md) | -2.2% | -1.8% |

## Sources

- proag.com: https://www.proag.com/news/q4-key-to-china-trade-deal/

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