July 10 (Reuters) -ICE cotton futures fell more than 1% on Monday, pressured by demand concerns in top consumer China and broader weakness in the equities and oil markets.

* The most-active December cotton contract CTz3 fell 1.33 cent, or 1.6%, to 79.84 cents per lb by 11:35 a.m. EDT (1535 GMT). It traded in a range of 79.56 and 81.24 cents per lb.

* "There was some negative data coming out of China today, which has raised concerns about demand," said Keith Brown, principal at cotton broker Keith Brown and Co, in Georgia.

* China's producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered on the edge of deflation.

* Also, pressuring prices of the natural fiber, U.S. stock indexes and oil prices edged lower for the day. .N O/R

* Lower oil prices make polyester, a cotton substitute, less expensive.

* The USDA's World Agricultural Supply and Demand Estimates (WASDE) report is due at 12:00 pm ET on Wednesday.

* "The crop could be good to very good but we still don't know what kind of weather lies in the second half of the year, so it looks like cotton is range bound," said Rogers Varner, president of Varner Brokerage, in Cleveland.

* Elsewhere, Chicago corn rose to move away from a 2-1/2 year low, with investors awaiting U.S. government data for a further gauge of crop weather, while soybeans climbed nearly 2% as a palm oil rally supported the oilseed complex. GRA/

Reporting by Ananya Bajpai and Ashitha Shivaprasad in Bengaluru; Editing by Shweta Agarwal