ICE cotton futures closed lower as weakness in the grain market and investor caution ahead of the upcoming USDA WASDE report weighed on sentiment.
December contract settled at 63.88 cents per pound, down 0.43 cent.
Analysts noted sideways consolidation as traders await fresh supply-demand cues.
India’s cotton imports are expected to rise by 9.8 per cent amid a crop decline and relaxed import rules.