NEW YORK, Oct 23 (Reuters) – ICE cotton futures inched up on Friday as forecasts showed rains in some U.S.growing regions in the coming week, which could disrupt harvest activities, but prices closed the week down as concerns about weather in top growing region Texas dissipated.

“ThatΆs why we donΆt like these late crops,” said Louis Rose, an independent cotton trader and analyst with Risk Analytics in Memphis, Tennessee, noting that delays to this yearΆs crop development left cotton more vulnerable to weather issues. A December cotton on ICE Futures U.S. CTc1 settled up by 0.24 cent on Friday, a 0.4 percent gain, at 62.76 cents per pound. It traded within a range of 62.42 and 63.07 cents.

Certificated cotton stocks CERT-COT-STX deliverable as of Oct.A 22 totaled 43,749 480-lb bales, up from 42,318 in the previous session.

The dollar index .DXY was up 0.77 percent. The Thomson Reuters CoreCommodity CRB Index .TRJCRB , which tracks 19 commodities, was down 0.97 percent.

The Relative Strength Index in the most-active contract CTc1 rose to 52.227. A (Reporting by Luc Cohen; Editing by James Dalgleish)