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  5/25/01
|
|                                 (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    |  5/25/01 |  Week
|-------------------------------------------------------------------------------
|July     '01      5,721        211      6,796       -505     31,880      -977
|October  '01      1,407         84        618         84      1,550        92
|December '01      6,574       -140      8,596         37     23,987     2,538
|March    '02     16,255        -38      5,039          9      4,593       874
|May      '02      8,334        -27         16          0      3,369       116
|July     '02     14,077        160        153          0      1,572        56
|October  '02      1,480         42          0          0        155         0
|December '02        635         53        192          0      1,902        25
|March    '03         86          0          0          0         44        -1
|May      '03        195         49          0          0          0         0
|July     '03        183        -33          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       54,947        361     21,410       -375     69,052     2,723
|-------------------------------------------------------------------------------
|
|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 (212) 488-1311.
|
|Released after 3:00 p.m. Eastern Time
|5/31/01
|
|