# Opinion: Despite Phase One Deal, Uncertainty Persists in Sino-U.S. Agricultural Purchases - Caixin Global

> An Agribusiness Intelligence opinion piece says the phase one deal commits China to raise U.S. agricultural imports to $40 billion annually over two years, with Lighthizer saying China will aim for $50 billion. Chinese officials indicated purchases of corn, wheat, cotton, rice, pork and poultry, but the commodity list is undisclosed.

- Date: 2019-12-25 · published 2019-12-25T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/55446-opinion-despite-phase-one-deal-uncertainty-persists-in-sino-u-s-agricultural
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Expanded pledged buying of corn, wheat, rice and meats could lift U.S. grain and livestock prices, though enforcement uncertainty keeps volatility high.

## Read by commodity

- CORN: bullish ▲
- HOGS: bullish ▲
- WHEAT: bullish ▲
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-01-15 | [China to purchase $36 bil of US agricultural products in 2020, $43 bil in 2021: governments \| S&P Global](https://feedsoft.ai/events/54943-china-to-purchase-36-bil-of-us-agricultural-products-in-2020-43-bil-in-2021.md) | +0.3% | -2.4% |
| CORN | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -2.5% | -6.0% |
| 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 | 2025-01-22 | [Can the phase one deal shield U.S. farmers from tariff retaliation?  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14690-can-the-phase-one-deal-shield-u-s-farmers-from-tariff-retaliation-agri-pulse.md) | -0.8% | +3.8% |
| 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% |
| WHEAT | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -1.6% | -0.8% |
| WHEAT | 2023-12-11 | [China significantly steps up US grain purchases \| Agriculture Dive](https://feedsoft.ai/events/14788-china-significantly-steps-up-us-grain-purchases-agriculture-dive.md) | -2.8% | +1.5% |
| WHEAT | 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) | +1.8% | +0.8% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-12-25/opinion-despite-phase-one-deal-uncertainty-persists-in-sino-us-agricultural-purchases-101497846.html

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