Cotton On-Call Report

|                                Weekly Report No. 43
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  10/25/02
|
|                                 (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    |  10/25/02|  Week
|-------------------------------------------------------------------------------
|December '02      5,081          5*     6,875     -1,400     41,454    -3,483
|March    '03      9,105       -147*     1,052        -25     12,129     1,937
|May      '03      8,959       -260      2,270         89     11,998       649
|July     '03     14,583         -1        717        -25      4,679       118
|October  '03      3,205       -195         82          0        207        -2
|December '03      3,128         61         37          0      1,752       113
|March    '04        298          0          4          0        103         0
|May      '04        124          0          0          0        145        17
|July     '04        144          0          0          0         32        11
|             ------------------------------------------------------------------
|   Totals:       44,627       -537*    11,037     -1,361     72,499      -640
|-------------------------------------------------------------------------------
|
|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
|10/31/02
|
|