# ADM still optimistic China's U.S. farm products buying will hit Phase 1 target

> ADM remains optimistic that China's purchases of U.S. farm products will reach the Phase One target. USDA confirmed 532,000 tonnes of U.S. soybean sales to China in one week, and China has accelerated purchases since late April. Buying for September through January, the typical peak export period, remains open.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52984-adm-still-optimistic-china-s-u-s-farm-products-buying-will-hit-phase-1-target
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Confirmed sales and open peak-season demand support soybean prices, particularly for new-crop contracts.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-27 | [Sec. Perdue Optimistic About China Reaching Phase One Targets \| Hoosier Ag Today](https://feedsoft.ai/events/50505-sec-perdue-optimistic-about-china-reaching-phase-one-targets-hoosier-ag-today.md) | -3.4% | +9.5% |
| SOY | 2019-07-01 | [What extra U.S. farm products could China buy?](https://feedsoft.ai/events/57950-what-extra-u-s-farm-products-could-china-buy.md) | -2.7% | -1.6% |
| SOY | 2026-07-02 | [China and U.S. seek tariff rollback on farm products - TT](https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt.md) | +4.2% | +6.8% |
| SOY | 2021-02-01 | [China buys U.S. ag products, helps boost market prices - Texas Farm Bureau](https://feedsoft.ai/events/48477-china-buys-u-s-ag-products-helps-boost-market-prices-texas-farm-bureau.md) | -0.2% | +1.6% |
| SOY | 2020-07-30 | [China needs 'explosive' buying to meet U.S. farm import target](https://feedsoft.ai/events/51979-china-needs-explosive-buying-to-meet-u-s-farm-import-target.md) | -1.1% | +3.1% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-archer-daniels/adm-still-optimistic-chinas-u-s-farm-products-buying-will-hit-phase-1-target-idUSKBN22P2A3/

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