# Farm groups urge preservation of China trade deal | 2020-06-15  | Agri-Pulse Communications, Inc.

> More than 190 farm groups and agribusiness firms sent a 13-page letter to President Trump urging him to preserve the phase one China trade agreement. The letter says current US farm exports to China lag the pace needed to meet phase one goals. It also warns of oversupply in world grain and oilseed markets.

- Date: 2020-06-16 · published 2020-06-16T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/52468-farm-groups-urge-preservation-of-china-trade-deal-2020-06-15-agri-pulse
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Industry pressure to keep the deal supports the case for continued Chinese purchases, but the letter underscores weak export pace and global oversupply, which are bearish for US grain and oilseed prices.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-15 | [Ag groups urge boost in farm bill spending \| 2017-03-15 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/71993-ag-groups-urge-boost-in-farm-bill-spending-2017-03-15-agri-pulse-agri-pulse.md) | +1.4% | -4.9% |
| SOY | 2019-01-28 | [Farm subsidies to leap on $9.8 billion in trade aid \| 2019-01-28 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61080-farm-subsidies-to-leap-on-9-8-billion-in-trade-aid-2019-01-28-agri-pulse-agri.md) | -0.8% | -1.5% |
| SOY | 2020-06-26 | [Daybreak: June 26: Key lawmaker calls for new farm bill \| 2020-06-26  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52596-daybreak-june-26-key-lawmaker-calls-for-new-farm-bill-2020-06-26-agri-pulse.md) | +2.7% | +4.1% |
| SOY | 2025-06-18 | [How the House, Senate Ag differ on key farm provisions \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/24188-how-the-house-senate-ag-differ-on-key-farm-provisions-agri-pulse-communications.md) | -4.5% | -4.9% |
| SOY | 2025-03-31 | [Rollins: We need to know trade impacts before deciding farm aid \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/25555-rollins-we-need-to-know-trade-impacts-before-deciding-farm-aid-agri-pulse.md) | -4.5% | +2.8% |
| CORN | 2017-03-15 | [Ag groups urge boost in farm bill spending \| 2017-03-15 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/71993-ag-groups-urge-boost-in-farm-bill-spending-2017-03-15-agri-pulse-agri-pulse.md) | +1.0% | +1.9% |
| CORN | 2020-06-26 | [Daybreak: June 26: Key lawmaker calls for new farm bill \| 2020-06-26  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52596-daybreak-june-26-key-lawmaker-calls-for-new-farm-bill-2020-06-26-agri-pulse.md) | +4.6% | +0.9% |
| CORN | 2025-06-18 | [How the House, Senate Ag differ on key farm provisions \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/24188-how-the-house-senate-ag-differ-on-key-farm-provisions-agri-pulse-communications.md) | -3.0% | -4.3% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/13896-farm-groups-urge-preservation-of-china-trade-deal

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