Bloomberg reports, citing people familiar with the subject
The report said China expects a record US soybean purchase this year, as “lower prices help boost purchases promised under the Phase 1 trade deal.”
Adding that total imports from the United States will likely reach around 40 million tonnes in 2020, about 25% above the level of 2017 – the base year of the agreement.
Having said that, one of the sources issued a warning saying that despite forecasts and expectations, China’s imports will ultimately be decided by soybean prices and the impact of the viral pandemic, that is, that is, no firm commitment.
In some context, China’s purchases of US agricultural products through July are only ~ 27% of the implicit target of the phase one trade deal.
Figures are in millions of USD