* Cotton could be rangebound until current crop harvest inDec.
* US futures find resistance around 100-day moving average
* Cotton market awaits USDA supply/demand report Thursday
NEW YORK, Oct 10 (Reuters) - Cotton futures ended a tadhigher in quiet trade on Wednesday, as investors stayed on thesidelines awaiting trading cues from a U.S. government monthlycrop report.
New York cotton for December delivery
inched up 0.26cent to settle at 72.10 cents per lb on ICE Futures U.S, withtrading volume at 40 percent below its 250-day average,preliminary Reuters data showed.
The benchmark contract traded in a range from 71.66-72.31cents, finding resistance just above its 100-day moving averageat 72.36 cents.
The cotton market was awaiting the U.S. Department ofAgriculture's (USDA) monthly report due on Thursday for anysigns of damage to new crops in west Texas, the major U.S.growing region, after recent wet weather.
Analysts, however, said that cotton will likely torangebound until selling related to the year-end harvest of thisyear's crop subsides.
"What will have more of an impact on cotton will be thatwhen we start getting the acreage estimates for next year," saidShawn Hackett, president of Florida-based Hackett FinancialAdvisors.
Cotton prices tend to bottom toward December when topsuppliers including the United States, India and China startplanting next year's crop, Hackett said.
Year to date, cotton prices were down almost 20 percent dueto oversupply and weak demand amid a global economic slowdown.
Analysts said it may be too early, however, for the USDA toadjust its output forecasts, yet any cuts due to wet weather areunlikely to dent the global record inventory of over 76 millionbales in the current season to end-July 2013 either.
China, which is the world's biggest producer and consumer ofcotton, is expected to harvest 6.9 million tonnes of the fiberthis year, a decline of 4.2 percent from a year ago due to asmaller sowing area, an official from the country's top planningagency said in remarks.
(Reporting By Frank Tang)
Keywords: MARKETS COTTON/