June 11 (Reuters) - ICE cotton futures fell 1 percent on Monday, as the market awaited a monthly crop supply and demand report from the U.S. Department of Agriculture (USDA).
* The most active cotton contract on ICE Futures U.S., the
third-month December contract , settled down 0.92
cent, or 0.99 percent, at 91.68 cents per lb. It traded within a range of 91.52 and 93.5 cents a lb.
* The USDA's World Agricultural Supply and Demand Estimates (WASDE) report is due on Tuesday.
* "This is a day before the WASDE report. This kind of volatility is not uncommon. People are trying to get covered, adjusted and balanced before the report," said Louis Rose, director of research and analytics at Tennessee-based Rose Commodity.
* "The U.S. production is probably a little lower than most people think. It won't be burned to the ground but it will be a little lower (in the WASDE report) ... I think the USDA will pare back world production."
* Market participants are keeping a close watch on rain in Texas, the major cotton-growing region in the United States.
* "They had some rain in Texas in the last 10 days but they need a lot of rain, especially to the south and west of Lubbock. That area is not the highest producing area in terms of per acre yield but they have a lot of acres so its a big production area," Rose said.
* Speculators slightly raised a bullish stance in cotton to 111,621 contracts on ICE Futures U.S., the highest since late January, in the week to June 5, U.S. Commodity Futures Trading Commission data showed on Friday.
* Elsewhere, India's 2018/19 cotton production is forecast at 28.7 million, as per a report issued by a U.S. Department of Agriculture attache in India.
* Total futures market volume fell by 17,089 to 55,282 lots. Data showed total open interest fell 4,733 to 317,362 contracts in the previous session.
* Certificated cotton stocks
(Reporting by Vijaykumar Vedala in Bengaluru; Editing by Sandra Maler)