# To meet goals, China will be 'ramping up' U.S. ag purchases, says Perdue

> US Agriculture Secretary Sonny Perdue said China will meet Phase One purchase goals and that buying will ramp up in spring. USDA estimates US agricultural sales to China at $14 billion this fiscal year, about one third of the deal's target. The USDA raised its China export forecast by $3 billion.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/54477-to-meet-goals-china-will-be-ramping-up-u-s-ag-purchases-says-perdue
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected Chinese purchases of US soybeans and corn would absorb export supply and support US futures. The gap between USDA estimates and the deal's target leaves the size of that demand uncertain.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-10 | [China Ramping Up US Soybean Purchases \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14559-china-ramping-up-us-soybean-purchases-farm-policy-news-illinois.md) | +1.5% | +11.9% |
| SOY | 2025-09-25 | [China says it will resume US soybean purchases following a rollback in tariffs \| S&P Global](https://feedsoft.ai/events/14636-china-says-it-will-resume-us-soybean-purchases-following-a-rollback-in-tariffs.md) | +0.4% | +2.6% |
| SOY | 2025-11-06 | [China begins limited purchases of U.S. farm goods after Trump-Xi meet \| Reuters](https://feedsoft.ai/events/8212-china-begins-limited-purchases-of-u-s-farm-goods-after-trump-xi-meet-reuters.md) | +0.1% | -0.0% |
| SOY | 2020-05-12 | [China Steps Up US Soybean Buying With Million-Ton Purchase - TT](https://feedsoft.ai/events/52986-china-steps-up-us-soybean-buying-with-million-ton-purchase-tt.md) | -0.9% | +1.3% |
| SOY | 2025-11-17 | [Soybean Futures Rebound on Signs China Is Ramping Up Purchases - Bloomberg](https://feedsoft.ai/events/7887-soybean-futures-rebound-on-signs-china-is-ramping-up-purchases-bloomberg.md) | +1.1% | -3.7% |
| 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% |
| CORN | 2020-08-17 | [China is far behind farm purchases needed to fulfill terms of trade deal with U.S. - Medill News Service](https://feedsoft.ai/events/51476-china-is-far-behind-farm-purchases-needed-to-fulfill-terms-of-trade-deal-with-u.md) | +1.3% | +9.3% |
| CORN | 2022-08-16 | [China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan - ProAg](https://feedsoft.ai/events/14911-china-grain-purchases-remain-steady-after-concerns-over-u-s-visit-to-taiwan.md) | -3.7% | +2.5% |

## Sources

- agriculture.com: https://www.agriculture.com/news/business/to-meet-goals-china-will-be-ramping-up-us-ag-purchases-says-perdue

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