Cotton On-Call Report

Cotton On Call Report No. 47, for the week ending November 22, 2002,
will be published on Friday, November 29, 2002 because of the Thanksgiving Holiday.

|                                Weekly Report No. 46
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  11/15/02
|
|                                 (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    |  11/15/02|  Week
|-------------------------------------------------------------------------------
|December '02      3,991       -444      3,542     -1,240     20,957   -23,156
|March    '03      9,708        436        971        -82     38,334    16,650
|May      '03      9,380        240      2,563        366     15,441     1,310
|July     '03     15,398        551        212       -458      5,384       165
|October  '03      3,550        101         86          4        249        27
|December '03      3,238        -22         33        -12      2,839       273
|March    '04        342          9          0         -9        168         0
|May      '04        131         -1          0          0        258        19
|July     '04        153          0          0          0        207         0
|October  '04          0          0          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       45,891        870      7,407     -1,431     83,837    -4,712
|-------------------------------------------------------------------------------
|
|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
|11/21/02
|
|