Cotton On-Call Report

|                                Weekly Report No. 21
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  5/24/02
|
|                                 (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    |  5/24/02 |  Week
|-------------------------------------------------------------------------------
|July     '02      4,171        -96      4,200        116     30,531    -4,981
|October  '02      2,019        202        209         25      1,891       276
|December '02      6,141        801      6,928        951     24,989     1,598
|March    '03      5,274      1,051        378         20      4,031       461
|May      '03      4,184        558         78          0      2,431       104
|July     '03      5,823        440        414         11      1,056        28
|October  '03      1,677        717         38          5         75         0
|December '03      1,796        458          0          0        442       100
|March    '04         20          0          5          0         93         0
|             ------------------------------------------------------------------
|   Totals:       31,105      4,131     12,250      1,128     65,539    -2,414
|-------------------------------------------------------------------------------
|
|1/ Merchants with futures positions of 50 or more contracts in one future.
|
|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
|5/30/02
|
|