Cotton On-Call Report

|                                Weekly Report No. 39
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  9/27/02
|
|                                 (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    |  9/27/02 |  Week
|-------------------------------------------------------------------------------
|October  '02          8       -273         10        -71        197      -673
|December '02      5,422         59      8,592       -121     46,347       351
|March    '03      9,372        108      1,503        150      8,901       670
|May      '03      9,232        158      1,481         -5      8,999       770
|July     '03     14,114        192        749         15      3,406        44
|October  '03      3,257        115         90        -12        172        16
|December '03      3,117          5         50          0      1,184         9
|March    '04        298          0          4          4         93         0
|May      '04        124          0          0          0         64        47
|July     '04        144          0          0          0         16        15
|             ------------------------------------------------------------------
|   Totals:       45,088        364     12,479        -40     69,379     1,249
|-------------------------------------------------------------------------------
|
|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
|10/3/02
|
|