Futures contracts of cotton on MCX were down over 1% due to a fall in cotton futures on ICE. A likely higher output in 2017-18 (Oct-Sep) has also kept sentiment bearish. USDA has scaled up its 2017-18 production estimate for India, to 29.0 mln bales (1 US bale = 480 pound) from 28.0 mln bales projected in June. On MCX, the July contract of cotton was at 20,250 rupees per bale (1 bale = 170 kg), down 0.3% from the previous close, while the most active December contract on ICE was at 68.13 cents per pound, down 1.2%.