Cotton On-Call Report

|                                Weekly Report No. 5
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  2/1/02
|
|                                 (In Contracts)
|
|-------------------------------------------------------------------------------
|            |                                           |    Open Futures
|            |        Call Cotton Based New York         | Contracts - New York
|            |                                           |   Cotton Exchange
|Futures     |-------------------------------------------|----------------------
|            |  Unfixed |  Change  |  Unfixed |  Change  |  At      |  Change
|Based       |  Call    |  From    |  Call    |  From    |  Close   |  From
|            |  Sales   |  Prev.   |  Purchs. |  Prev.   |          |  Prev.
|On:         |          |  Week    |          |  Week    |  2/1/02  |  Week
|-------------------------------------------------------------------------------
|March    '02      2,991     -2,116*     3,242     -2,139*    24,582    -4,598
|May      '02      6,638       -171      2,567        -11     14,643     1,931
|July     '02     12,643       -223*     2,957         88     12,658       716
|October  '02      2,304        257        151        -42        468        -9
|December '02      2,929       -147        427         96     10,585     1,219
|March    '03      1,447        201          0          0      1,207        94
|May      '03        921         56         80          0      1,007         1
|July     '03      1,110         73        370          0        630         5
|October  '03        259         90          0          0         10         0
|December '03        209          0          0          0         64        -1
|             ------------------------------------------------------------------
|   Totals:       31,451     -1,980*     9,794     -2,008*    65,854      -642
|-------------------------------------------------------------------------------
|
|1/ Merchants with futures positions of 50 or more contracts in one future.
|* Changes from the previous week are based on revised data for last week.
|
|This report is published by the Commission's Division of Economic Analysis.
|If you have any questions concerning this report, call Vincent G. Varisano,
|Industry Economist, Eastern Region at (201) 234-6922.
|
|Released after 3:00 p.m. Eastern Time
|2/7/02
|
|