Cotton On-Call Report

|                                Weekly Report No. 2
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  1/11/02
|
|                                 (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    |  1/11/02 |  Week
|-------------------------------------------------------------------------------
|March    '02      9,169     -3,552      9,410     -2,637*    29,452      -481
|May      '02      7,314        -97      2,645          0*    12,366       921
|July     '02     13,374       -294*     2,325        104*    10,967       433
|October  '02      2,046        -31        203        -37        424        -3
|December '02      3,058        -20        328          6      7,474       954
|March    '03      1,217         54          0          0      1,037        36
|May      '03        845         66*        52          3      1,006        43
|July     '03      1,017         36        370        250        593        63
|October  '03        169          0          0          0         10         0
|December '03        209          0          0          0         60        60
|             ------------------------------------------------------------------
|   Totals:       38,418     -3,838*    15,333     -2,311*    63,389     2,026
|-------------------------------------------------------------------------------
|
|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 (201) 234-6922.
|
|Released after 3:00 p.m. Eastern Time
|1/17/02
|
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