Nov 10 (Reuters) -ICE cotton futures rose on Friday while investors rolled over their positions from the front-month contract, and demand concerns contributed to a weekly decline in prices.

* Cotton contracts for December CTZ3 rose 0.76 cents, or 0.99%, at 77.28 cents per lb at 11:58 a.m ET (1658 GMT). However, prices have fallen 2.4% for the week so far.

* "We are seeing a lot of repositioning happening along with rollovers out of the December contract. Today we're seeing a little bit of a technical rebound after a week and a half of pretty heavy selling pressure," Bailey Thomen, cotton risk management consultant at StoneX Group said.

* "Demand has been very poor globally. We continue to see that being the case."

* The USDA's weekly export sales report on Thursday showed net sales of 395,200 running bales (RB) of cotton for 2023/2024, down 14% from the previous week but up noticeably from the prior four-week average. EXP/COT

* The USDA, in its November World Agricultural Supply and Demand Estimates report raised expected U.S. production in 2023/24 by 273,000 bales to 13.1 million bales and saw global ending stocks up by 1.6 million bales, while also cutting the world's consumption estimate by 500,000 bales.

* "The (WASDE report) was a bit bearish but not formally enough compared to a year ago," said Peter Egli, director of risk management at British merchant Plexus Cotton

* In the grains market, Chicago wheat Chicago soybean futures edged lower, while corn was little changed. GRA/

Reporting by Daksh Grover in Bengaluru; Editing by Tasim Zahid