# Market analyst optimistic about Phase One trade deal | Iowa Agribusiness Radio Network

> Private exporters confirmed sales of 396,000 metric tons of soybeans to China, split evenly between old and new crop. USDA lowered old-crop soybean sales and raised old-crop ending stocks by 100 million bushels, while new-crop carryout was pegged at 405 million bushels. Chinese corn purchases are also expected.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52987-market-analyst-optimistic-about-phase-one-trade-deal-iowa-agribusiness-radio
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Chinese buying combined with tighter U.S. soybean ending stocks supports soybean and corn prices, though USDA's lower export sales offset some of the strength.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-07-11 | [China to buy U.S. soybeans to meet market demand \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/69821-china-to-buy-u-s-soybeans-to-meet-market-demand-iowa-agribusiness-radio-network.md) | -3.5% | -5.9% |
| SOY | 2021-09-02 | [Phase One Trade Deal Now in Final Quarter -](https://feedsoft.ai/events/44958-phase-one-trade-deal-now-in-final-quarter.md) | -1.5% | -1.7% |
| 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 | 2019-10-11 | [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 | 2026-10-09 | [China Needs $1.2B/Week in U.S. Ag Buys to Hit Trade Deal — Agribusiness Wire](https://feedsoft.ai/events/14540-china-needs-1-2b-week-in-u-s-ag-buys-to-hit-trade-deal-agribusiness-wire.md) | -2.2% | -4.4% |
| CORN | 2018-06-05 | [Have we posted highs in the grain market? \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6751-have-we-posted-highs-in-the-grain-market-iowa-agribusiness-radio-network.md) | -3.0% | -8.0% |
| CORN | 2021-09-02 | [Phase One Trade Deal Now in Final Quarter -](https://feedsoft.ai/events/44958-phase-one-trade-deal-now-in-final-quarter.md) | -3.0% | -5.5% |
| CORN | 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) | -3.7% | +6.9% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/market-analyst-optimistic-about-phase-one-trade-deal/

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