# US–China Phase One trade deal signed

> China commits to large purchases of US agricultural goods over two years.

- Date: 2020-01-15 · published 2020-01-15T12:00:00.000Z
- Category: trade · region China / US
- Page: https://feedsoft.ai/events/7-us-china-phase-one-trade-deal-signed
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2020-01-17 | 1 | +3.7% | 3.1 | The Phase One deal, signed two days before the move, committed China to large US agricultural purchases, which plausibly lifted export-demand expectations and market sentiment for US corn, though the timing lag and corn's small share of likely Chinese purchases limit how much of the move it explains. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-01-15 | [What's in the U.S.-China Phase 1 trade deal](https://feedsoft.ai/events/54939-what-s-in-the-u-s-china-phase-1-trade-deal.md) | -1.6% | -3.9% |
| SOY | 2020-10-27 | [Trump's phase one trade deal with China and the US election \| PIIE](https://feedsoft.ai/events/50504-trump-s-phase-one-trade-deal-with-china-and-the-us-election-piie.md) | -3.4% | +9.5% |
| 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 | 2021-07-29 | [ExportPlanning - US-China Phase One Deal: Tracking Progress H1-2021 - ExportPlanning](https://feedsoft.ai/events/45923-exportplanning-us-china-phase-one-deal-tracking-progress-h1-2021-exportplanning.md) | -2.0% | -6.0% |
| 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 | 2020-01-15 | [What's in the U.S.-China Phase 1 trade deal](https://feedsoft.ai/events/54939-what-s-in-the-u-s-china-phase-1-trade-deal.md) | +0.3% | -2.4% |
| CORN | 2020-10-27 | [Trump's phase one trade deal with China and the US election \| PIIE](https://feedsoft.ai/events/50504-trump-s-phase-one-trade-deal-with-china-and-the-us-election-piie.md) | -3.7% | +6.9% |

## Sources

- Wikipedia: https://en.wikipedia.org/wiki/Economic_and_Trade_Agreement_between_the_United_States_and_China

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