Sept 11 (Reuters) -ICE cotton futures rose on Wednesday, buoyed by concerns over supply as traders assessed the impact on crops from Hurricane Francine in some key growing regions.

* Cotton contracts for December CTZ4 rose 1.32 cents, or 1.94%, at 69.53 cents per lb at 12:12 p.m. EDT (1612 GMT).

* "Everybody's got their eye on Hurricane Francine, which looks to go on shore along the Texas-Louisiana border and could do significant damage or even cause some loss to Delta cotton crops," said Jack Scoville, vice president at Chicago-based Price Futures Group.

* Hurricane Francine was moving in the northeast direction toward the Louisiana coast, with life-threatening storm surge and hurricane-force winds expected to begin in Louisiana this afternoon, the National Hurricane Center said.

* "The stock market's actually down, so they would be a little bit of a drag on the price action here," Scoville added.

* Wall Street's main indexes fell after latest inflation numbers hit expectations of a bigger interest rate cut by the Federal Reserve, while odds of Democrat Kamala Harris winning the U.S. presidency rose following a televised debate..N

* In other agricultural markets, Chicago wheat rose, as signs that supply pressure from the Black Sea export region may be easing encouraged short-covering in the run-up to widely followed U.S. government crop forecasts.

* Brent crude futures were up slightly after the U.S. EIA storage report, making cotton substitute polyester more expensive. O/R.

Reporting by Anjana Anil in Bengaluru; Editing by Alan Barona