Cotton On Call Report

|                                Weekly Report No. 20
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  5/18/01
|
|                                 (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    |  5/18/01 |  Week
|-------------------------------------------------------------------------------
|July     '01      5,510       -566      7,301        -38     32,857    -1,493
|October  '01      1,323        -65        534         46      1,458         1
|December '01      6,714       -141      8,559        926     21,449       316
|March    '02     16,293       -146      5,030          0      3,719       194
|May      '02      8,361        -31         16          0      3,253        72
|July     '02     13,917       -321        153          0      1,516       249
|October  '02      1,438         13          0          0        155         0
|December '02        582       -145        192          0      1,877         0
|March    '03         86         14          0          0         45         0
|May      '03        146          0          0          0          0         0
|July     '03        216        138          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       54,586     -1,250     21,785        934     66,329      -661
|-------------------------------------------------------------------------------
|
|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 (212) 488-1311.
|
|Released after 3:00 p.m. Eastern Time
|5/24/01
|
|