Trump Says U.S. and China Have Reached a 'Substantial Phase One' Deal

The transcript discusses a Phase One deal involving intellectual property and financial services, with a significant focus on agricultural product purchases from China, ranging from $40 to $50 billion. This deal is expected to greatly benefit farmers, increasing their sales significantly from previous levels. The timeline for finalizing the deal is estimated to be three to five weeks, with potential signing at an upcoming summit in Chile. The transcript emphasizes the positive impact on farmers and the increase in agricultural purchases over recent weeks.

What has been the trend in purchases from farmers over the last few weeks according to the text?

What was the base amount from which the new agricultural purchase is expected to rise?