Cotton On-Call Report

|                                Weekly Report No. 13
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  3/28/03
|
|                                 (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    |  3/28/03 |  Week
|-------------------------------------------------------------------------------
|May      '03      6,360     -4,229      3,409        610*    48,689   -13,446
|July     '03     13,149     -2,166      1,027        120*    17,632     1,131
|October  '03      4,873        -88        495        -19        965        67
|December '03      5,076       -203      3,811        233     12,051       564
|March    '04      2,151        265         81          0      1,888       133
|May      '04      1,675        112         15          0        429        34
|July     '04      2,179         63        134          1        541         6
|October  '04        389         59         14          0          1         0
|December '04        637          0         21          0         60         0
|March    '05        115          0          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       36,604     -6,187      9,007        945*    82,256   -11,511
|-------------------------------------------------------------------------------
|
|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
|4/3/03
|
|