March 27 (Reuters) - ICE cotton futures fell more than 1 percent on Wednesday as investors looked toward an annual USDA report due on Friday that is expected to show an uptick in planted acres, while a stronger dollar also pressured the market.

* The front-month cotton contract on ICE Futures U.S. , settled down 0.94 cent, or 1.21 percent, at 76.95 cents per lb.

* It traded within a range of 76.59 and 77.77 cents per lb.

* "Dollar is up little bit, that's negative and there is expectation that acreage report is going to be bearish," said Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi.

* The U.S. Department of Agriculture (USDA) will release its prospective crop plantings report on Friday.

* Analysts expect the USDA to raise its estimate of U.S. cotton plantings to 14.498 million acres, higher than the USDA December forecast of 14.300 million and USDA final 2018 figure of 14.099 million.

* The dollar index was up 0.1 percent. A stronger greenback makes commodities priced in dollars more expensive for holders of other currencies.

* Meanwhile, the latest round of China-U.S. trade negotiations, scheduled for Thursday in Beijing is in focus, with U.S. President Donald Trump on Friday saying the negotiations were progressing and a final agreement seemed probable.

* Total futures market volume rose by 3,068 to 32,075 lots. Data showed total open interest gained 1,816 to 226,594 contracts in the previous session.

* Certificated cotton stocks <CERT-COT-STX> deliverable as of March 26 totaled 46,544 480-lb bales, down from 50,547 in the previous session.

(Reporting by Brijesh Patel and Karthika Suresh Namboothiri in Bengaluru; Editing by David Gregorio)