# Agencies Cite China Moves on Phase One Agreement

> USDA and the USTR cited Chinese steps under the phase one agreement, including continued imports from unaffected areas during any avian influenza outbreak and expanded beef access. China also bought 756,000 tons of corn, the largest corn sale to China since 2015, and 350,000 tons of hard red winter wheat.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53998-agencies-cite-china-moves-on-phase-one-agreement
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Confirmed Chinese purchases of corn and wheat and expanded meat access support US grain and livestock export demand, though soybean sales have slowed as China shifts to Brazilian beans.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- KWHEAT: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | +2.8% | +0.3% |
| CORN | 2020-05-27 | [China buys more; will it be enough for Phase One?](https://feedsoft.ai/events/52985-china-buys-more-will-it-be-enough-for-phase-one.md) | +1.4% | +2.2% |
| CORN | 2023-10-24 | [China – U.S. Agriculture Companies Sign 11 Purchase Contracts/Agreements - U.S. Soybean Export Council](https://feedsoft.ai/events/14807-china-u-s-agriculture-companies-sign-11-purchase-contracts-agreements-u-s.md) | -4.3% | -4.8% |
| CORN | 2023-10-24 | [China signs US agriculture purchase agreements in first ceremony in years](https://feedsoft.ai/events/14802-china-signs-us-agriculture-purchase-agreements-in-first-ceremony-in-years.md) | -4.3% | -4.8% |
| CORN | 2019-02-21 | [China to propose $30 billion more US agriculture purchases](https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases.md) | -0.3% | +2.0% |
| KWHEAT | 2020-03-24 | [U.S. sees progress on China trade deal's ag provisions \| Farmtario](https://feedsoft.ai/events/54002-u-s-sees-progress-on-china-trade-deal-s-ag-provisions-farmtario.md) | -0.6% | +1.5% |
| KWHEAT | 2020-03-23 | [Major Chinese Purchase of U.S. Wheat - Northern Ag Network](https://feedsoft.ai/events/54179-major-chinese-purchase-of-u-s-wheat-northern-ag-network.md) | +3.8% | +5.6% |
| KWHEAT | 2020-03-23 | [China purchases US grain \| 2020-03-23  \| World Grain](https://feedsoft.ai/events/54006-china-purchases-us-grain-2020-03-23-world-grain.md) | +3.8% | +5.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/ag-policy-blog/blog-post/2020/03/23/agencies-cite-china-moves-phase-one

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