Cotton On-Call Report

|                                Weekly Report No. 18
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  5/3/02
|
|                                 (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    |  5/3/02  |  Week
|-------------------------------------------------------------------------------
|May      '02         56          0         21       -305         13       -41
|July     '02      4,206     -1,416      4,209        103     39,247       611
|October  '02      1,644       -248        222        -27      1,290       158
|December '02      4,852        -76      4,445        324     21,778       685
|March    '03      3,443         39        292         48      3,225       500
|May      '03      3,111        263         95          0      2,089       360
|July     '03      4,053        470        392          2      1,007        94
|October  '03        843        -16          0          0         62        15
|December '03        986         10          0          0        261        15
|March    '04          0          0          5          5         93        93*
|May      '04          0          0          0         -5          0       -93*
|             ------------------------------------------------------------------
|   Totals:       23,194       -974      9,681        145     69,065     2,397*
|-------------------------------------------------------------------------------
|
|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
|5/9/02
|
|