According to the January 2020 Phase-One Trade Agreement, China was committed to the purchase of $36.5 billion in agricultural products in 2020. Through August the total stood at $10.7 billion approximately 13 percent below the value shipped for the corresponding period in 2017 before the initiation of the trade conflict with China.
According to an October 6th report by the U.S. Census Bureau, the U.S. shipped agricultural products to China in August amounting to $2.15 billion. During the month soybean exports were valued at $881 million, cotton at $215 million and corn at $190 million.
During September, representing the new market year, soybean shipments to China probably exceeded four million tons, the highest for September since 2017. Although there were no recorded shipments of corn to China in September, a volume of 1.2 million tons was shipped in August representing a record for any month since October 1995.