Jan 22 (Reuters) - ICE cotton futures steadied on Wednesday, tracking a similar trend from the grains market, while gains were limited by a stronger dollar.

* Cotton contracts for March CTc1 were little changed at 67.62 cents per lb at 11:28 a.m. ET (1628 GMT) after hitting a more than one-week high in Tuesday's session.

* "Cotton is trying to recover following Chicago grains, but producer fixations are limiting the move," said Valentin Olah, risk management consultant at StoneX Group.

* "It (cotton) also lacks speculative buying momentum after Trump finally mentioned China and possible tariffs," Olah said.

* Chicago corn and soybean futures eased from the previous session's multi-month peaks on Wednesday as investors assessed U.S. President Donald Trump's early statements on tariffs after his inauguration on Monday. GRA/

* The U.S. dollar index .DXY rose 0.2%, while investors continue to await concrete announcements for U.S. President Donald Trump's tariff plans.

* A stronger dollar makes greenback-priced cotton more expensive for overseas buyers.

* Speculators are selling cotton due to its downward trend while farmers are trying to escape the crop by selling it when it rises, said Keith Brown, principal at cotton broker Keith Brown and Co in Georgia.

* Elsewhere, oil prices held near a one-week low as the market considers how U.S. President Donald Trump's proposed tariffs could affect global economic growth and demand for energy. O/R

* Lower oil prices make cotton-substitute polyester less expensive.

(Reporting by Noel John and Anmol Choubey in Bengaluru; Editing by Alan Barona)

((Noel.John@thomsonreuters.com))