Cotton On-Call Report

CFTC Form 304 Reports for the week ending December 14, 2001 should be faxed to (201)234-6924 or (201)234-6925 by the close of business on Tuesday, December 18, 2001.

|                                Weekly Report No. 49
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  12/7/01
|
|                                 (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    |  12/7/01 |  Week
|-------------------------------------------------------------------------------
|December '01          0          0          0          0          0      -131
|March    '02     13,642       -492     13,042        294     31,184    -1,027
|May      '02      7,635       -427      2,969       -335      9,921       115
|July     '02     13,339       -632      1,837        -90      9,507       565
|October  '02      1,839       -240        151          0        319        -3
|December '02      2,391        145        322         -2      5,341       496
|March    '03      1,155        181          0          0        714        49
|May      '03        733          8         49        -37        838       359
|July     '03        951         20        120         70        429       100
|October  '03        129         43          0          0         10         0
|December '03        101         21          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       41,915     -1,373     18,490       -100     58,263       523
|-------------------------------------------------------------------------------
|
|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
|12/13/01
|
|