Cotton On-Call Report

CFTC Form 304 Reports for the week ending December 7, 2001 should be faxed to (201) 234-6924 or (201) 234-6925 by the close of business on Tuesday, December 11, 2001.

|                                Weekly Report No. 48
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  11/30/01
|
|                                 (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    |  11/30/01|  Week
|-------------------------------------------------------------------------------
|December '01          0       -200          0       -280        131    -1,990
|March    '02     14,134       -643     12,748      1,597     32,211     2,053
|May      '02      8,062       -220      3,304         -3      9,806     2,538
|July     '02     13,971       -432      1,927        231      8,942     1,623
|October  '02      2,079         60        151          0        322       -17
|December '02      2,246       -159        324          0      4,845         3
|March    '03        974        -42          0          0        665        75
|May      '03        725         15         86         44        479       102
|July     '03        931          4         50          0        329        71
|October  '03         86         16          0          0         10         0
|December '03         80          0          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       43,288     -1,601     18,590      1,589     57,740     4,458
|-------------------------------------------------------------------------------
|
|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 (201) 234-6922.
|
|Released after 3:00 p.m. Eastern Time
|12/6/01
|
|