Austin Schroeder at Barchart.com said, “News overall was light with the lack of USDA data, but that didn’t stop the biggest story from pressuring the market. Earlier this morning, President Trump posted on Truth Social that China is becoming “hostile” in response to Chinese export control over rare earth minerals. In a lengthy post, he mentioned that he now may not be meeting with President Xi later this month in South Korea and “one of the policies that we are calculating at this moment is a massive increase of tariffs on Chinese products.” Late in the day, after the close, President Trump announced a new 100% tariff on Chinese goods starting November 1, as well as imposing export controls on any critical software.”