Dec 6 (Reuters) -ICE cotton futures fell over 1% on Friday, dragged down by a stronger dollar, while downbeat sentiment in the oil and grains markets further added to pressure on the natural fiber.
* Cotton contracts for March CTc2 fell 0.81 cent, or 1.14%, to 70.27 cents per lb at 11:16 a.m. EST (1615 GMT). The contract was down 2.3% for the week so far.
* "I think today is probably a continuation from yesterday. There's a little pressure on the market and you're kind of seeing some follow-through today, plus the dollar is a little stronger," said Jon Marcus, president of Lakefront Futures and Options brokerage in Chicago.
* The U.S. dollar .DXY rose 0.3%, making greenback-priced cotton more expensive for buyers holding other currencies. USD/
* Oil prices fell over 1% on Friday and were headed for a weekly loss, making cotton-substitute polyester less expensive. O/R
* The cotton market is currently exhibiting uncertainty, encountering resistance at the 72.05-72.15 level, Marcus added.
* Chicago wheat futures edged back from a one-week high on Friday, while soybeans and corn also consolidated after day-earlier gains as investors turned their attention from mixed global crop prospects to U.S. jobs data. GRA/
* The United States Department of Agriculture's weekly export sales report on Thursday showed net sales of upland cotton for 2024/2025 were down 47% from the previous week, whereas export sales were up 21% on a week-on-week basis.
Reporting by Anmol Choubey in Bengaluru; Editing by Shreya Biswas