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President Donald Trump raised tariffs Friday from 10 percent to 25 percent on $200 billion of Chinese imports, just one factor sending markets into a further downward spiral after an already unstable week amid trade tensions. December cotton futures dipped below 70 cents at closing today, after the World Agricultural Supply and Demand Estimates report added insult to injury with bearish numbers. Current forecasts for the 2019-2020 U.S. crop include higher exports and ending stocks, and a 20 percent increase in production from the 2018-2019 crop. China also began auctioning its National Reserves earlier this week. Vice President Mike Pence told attendees ...

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Lamesa Press-Reporter

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