Core Insights - Soybean prices have increased by 6 to 9 cents across most contracts, with the national average cash bean price at $10.54 3/4, which is 7 1/2 cents lower [1] - China has suspended some retaliatory tariffs on US goods, maintaining a 10% tariff from the Liberation Day response, resulting in a total tariff of 13% on US soybeans [2] - Export sales data is not available, but analysts estimate soybean sales for the week of 10/30 to be between 0.4-2 million metric tons, with meal sales expected to be between 50,000-450,000 metric tons [3] Price Movements - November 25 soybeans are priced at $11.15, up 6 3/4 cents, while January 26 soybeans are at $11.28 1/2, up 7 cents, and March 26 soybeans are at $11.36 1/4, up 8 1/2 cents [3] - Soymeal futures have increased by $5.70, while soy oil futures remain steady [1] Market Activity - There have been 1,093 deliveries of soybeans for the month, with 5 additional deliveries issued overnight [1] - Basis movement in the North and Pacific Northwest (PNW) indicates that buyers have been somewhat active despite the uncertainty in export sales data [2]

Core Insights - Pinterest's shares are experiencing a significant decline, dropping over 20% following disappointing earnings per share (EPS) and a weak revenue outlook for Q4 [1][2] - The company is facing macroeconomic headwinds, particularly in the US and Canada, with larger retailers affected by tariff-related issues [2] Financial Performance - Pinterest reported a miss on EPS and provided a weak revenue forecast for the fourth quarter, contributing to the stock's sharp decline [1] - The stock is on track for its worst day since May 2022, indicating severe market reaction to the earnings report [1] Market Trends - The company is observing a moderation in ad spending, particularly in the home furnishing category, which is expected to be impacted by a new tariff in Q4 [2] - Analysts are responding to the earnings report with a mix of lowered price targets, although 81% still maintain an outperform or buy rating on the stock [2] Analyst Opinions - RBC highlighted that the weakness in digital ads is a concern, emphasizing Pinterest's lack of customer diversity and higher sensitivity to macroeconomic factors [3] - JP Morgan remains optimistic about Pinterest, citing potential for user growth, deeper engagement, and overall monetization despite near-term challenges [3]

Supreme Court Will Hear Trump Tariff Case Today—Here’s What To Knowhttps://t.co/KRmJ0bKHPY https://t.co/oS0YZF7whG ...

BREAKING:🇺🇸 🇨🇳 China to suspend 24% Tariff on U.S. Imports for one year. https://t.co/AXLCQ7w5Ds ...

🗒️根据国务院《税委会公告2025年第2号》文件，此次暂停的是对美国鸡肉、小麦、玉米、棉花加征的15%关税，以及对美国高粱、大豆、猪肉、牛肉、水产品、水果、蔬菜、乳制品加征的10%关税。同时发布的10号文件是在8月12日的8号文件（90天内继续暂停实施24%的对美加征关税）基础上再延期一年。 https://t.co/6VYiR49Q1z外汇交易员 (@myfxtrader):国务院关税税则委员会公告：自2025年11月10日13时01分起，调整《国务院关税税则委员会关于对原产于美国的进口商品加征关税的公告》（税委会公告2025年第4号）规定的加征关税措施，在一年内继续暂停实施24%的对美加征关税税率，保留10%的对美加征关税税率。 https://t.co/CkNR69k8zD ...

Trade Policy Adjustment - China will continue to suspend the 24% additional tariff on imports from the US for one year [1] - China will retain the 10% additional tariff on imports from the US [1] - China will cease the additional tariff measures outlined in 税委会公告2025年第2号 (Tax Committee Announcement No 2, 2025) on certain imported goods from the US [1] Effective Date - The adjustments to the additional tariffs on US imports will be effective from November 10, 2025, at 13:01 [1]

Tariffs & Legal Challenge - Rick Wattenberg, head of two educational toy businesses, is challenging the president's tariffs due to their significant impact on his company, which manufactures most of its products in China [1][2] - The lawsuit, now before the Supreme Court, questions the president's authority to impose tariffs under a law granting emergency economic powers [3][4] - The law used accounts for approximately 60% of current tariffs [5] - The core legal question is whether the law's authorization for the president to "regulate importation" includes the power to impose sweeping tariffs [6][7] Potential Economic Impact - A Supreme Court ruling against the president could lead to over $100 billion in refunds to businesses that have paid the tariffs [5][8] - Overturning the tariffs could alleviate inflationary pressure, as companies have already raised prices in the mid-single digits due to tariff costs [8][9] Supreme Court Considerations - The Supreme Court has previously restricted presidential power in cases such as student loan forgiveness, which may influence their decision on the tariffs [10] - A related case concerning the president's ability to remove officials, like a Democratic commissioner on the Federal Trade Commission, could provide clues, as the Court has previously indicated it wants to preserve independence [13]

JUST IN: 🇺🇸 Texas Governor Abbott to impose 100% tariff on anyone moving from NYC to Texas if Zohran Mamdani wins Mayor election. https://t.co/EBtYA9CYik ...

Tariff Rates Analysis - The study indicates that the effective US tariff rate on Chinese goods prior to the Trump-Xi deal in Busan was 278%, significantly lower than the 570% figure quoted by Trump [1] - Post-deal, with a 10% reduction, the new effective US tariff on Chinese goods is estimated to be approximately 178%, contrasting with Trump's quoted 470% [2] - The discrepancy arises because the commonly cited rate is the statutory tariff rate, while the effective tariff rate accounts for exemptions on products like semiconductors, pharmaceuticals, and rare earths, reflecting tariffs actually paid by US consumers [3]

RT David Rennie (@DSORennie)Like it or not, Donald Trump is being rewarded for trade bullying-foreign firms are increasing investments in the U.S. and Canada’s PM just apologised for an anti-tariff TV ad. But long-term, America is weakening its hold on industries of future. My column https://t.co/hW5iBfpN3x ...