Cotton On-Call Report

|                                Weekly Report No. 24
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  6/13/2003
|
|                                 (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    |  6/13/2003
                                                                    |  Week
|-------------------------------------------------------------------------------
|July     '03      1,194       -285        817        125     21,863   -10,984
|October  '03      2,597         -8        396        124      3,419       -15
|December '03      6,672        535      6,351        108     37,978     1,210
|March    '04      7,074        279      1,121         25      5,793       148
|May      '04      4,162        248         42         19      2,209       125
|July     '04      5,856        706         45         22      1,874       218
|October  '04      1,532         79         17          3         96         0
|December '04      1,139         14         23          2        486        -1
|March    '05        115          0          0          0         10         0
|             ------------------------------------------------------------------
|   Totals:       30,341      1,568      8,812        428     73,728    -9,299
|-------------------------------------------------------------------------------
|
|1/ Merchants with futures positions of 50 or more contracts in one future.
|
|
|This report is published by the Commission's Division of Market Oversight.
|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
|6/19/2003
|
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