ICE cotton futures dipped in low volume trade on Monday, hit by fund selling while the focus remained on the trade talks between the United States and China.
* The most active cotton contract on ICE Futures US, the May contract
, settled down 0.29 of a cent, or 0.4 percent, at 73.20 cents per lb.
* "Today, after oscillating throughout the session, there was some fund selling at the end of the day, which resulted in cotton closing a little lower," said Gabriel Crivorot, analyst at Societe Generale in New York.
* The contract traded within a range of 73.05 cents to 73.85 cents per lb.
* "The market is just hesitant to make any movement here ahead of some concrete action on trade negotiations between the US and China," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas.
* "There is no interest to push the market ... I didn't see anything spectacular today. It was really quiet," said Moss.
* A senior Chinese official said on Saturday that China and the United States were still working day and night to achieve a trade deal.
* Total futures market volume fell by 5,204 to 20,529 lots. Data showed total open interest fell 886 to 219,837 contracts in the previous session.
* Certificated cotton stocks deliverable as of March 8 totaled 123,219 480-lb bales, down from 128,668 in the previous session.
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