# China and MFP Tranche 3 | Farm Bureau Intel Markets | American Farm Bureau Federation

> The American Farm Bureau Federation reports that the second round of Market Facilitation Program payments has reached nearly $11 billion as of Jan. 6, 2020. The third tranche was expected to depend on whether China resumed normal purchases of U.S. farm goods. U.S. export sales to China still lag pre-tariff levels, and China's $40-50 billion purchase commitment remains uncertain.

- Date: 2020-01-09 · published 2020-01-09T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/55062-china-and-mfp-tranche-3-farm-bureau-intel-markets-american-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

If China's purchases stay below normal, the final MFP tranche supports farm income without lifting export demand. Lagging Chinese buying keeps U.S. soybean and grain export prices under pressure.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-11-08 | [Here’s what the U.S.-China trade truce really means for the U.S. soybean market — and for farmers - MarketWatch](https://feedsoft.ai/events/12248-here-s-what-the-u-s-china-trade-truce-really-means-for-the-u-s-soybean-market.md) | +1.0% | -0.7% |
| SOY | 2025-02-20 | [Freight rates climb on South American demand - Fastmarkets](https://feedsoft.ai/events/16965-freight-rates-climb-on-south-american-demand-fastmarkets.md) | -0.7% | -2.3% |
| SOY | 2023-06-14 | [China: Russian soybeans – in, American soybeans - out - International Affairs](https://feedsoft.ai/events/14839-china-russian-soybeans-in-american-soybeans-out-international-affairs.md) | +8.3% | +8.5% |
| SOY | 2022-04-04 | [AFBF to Biden: Push Indo-Pacific trade to boost ag exports \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/41828-afbf-to-biden-push-indo-pacific-trade-to-boost-ag-exports-an-official.md) | +6.7% | +5.8% |
| SOY | 2020-02-20 | [China Back in the Market for U.S. Farm Goods After Waivers \| Financial Post](https://feedsoft.ai/events/54480-china-back-in-the-market-for-u-s-farm-goods-after-waivers-financial-post.md) | -1.8% | -8.0% |

## Sources

- fb.org: https://www.fb.org/intel/markets/china-and-mfp-tranche-3

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