Cotton On-Call Report

|                                Weekly Report No. 9
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  2/28/03
|
|                                 (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    |  2/28/03 |  Week
|-------------------------------------------------------------------------------
|March    '03        193        -99*        88        -71         63      -976
|May      '03     10,011       -110*     2,171       -414     65,290     1,897
|July     '03     15,668        -11        988        149     13,060     1,534
|October  '03      4,456         35        510         92        814        40
|December '03      4,684        210*     2,958        289      9,561       994
|March    '04      1,345        101         81          0      1,580        71
|May      '04      1,205        132         15          0        344        18
|July     '04      1,540         50        100         86        488        11
|October  '04        292          0         14          0          1         0
|December '04        620         44         21          0         60         0
|March    '05        105          0          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       40,119        352*     6,946        131     91,261     3,589
|-------------------------------------------------------------------------------
|
|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 (646) 746-9775.
|
|Released after 3:00 p.m. Eastern Time
|3/6/03
|
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