Cotton On-Call Report

|                                Weekly Report No. 1
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  1/4/02
|
|                                 (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    |  1/4/02  |  Week
|-------------------------------------------------------------------------------
|March    '02     12,721       -497*    12,134       -681*    29,933       -80
|May      '02      7,411        -93*     2,630       -170     11,445       851
|July     '02     13,674         78      2,121        -34*    10,534       489
|October  '02      2,077         16        240         34        427         4
|December '02      3,078         29*       322          0      6,520       111
|March    '03      1,163          0          0          0      1,001        49
|May      '03        809          0         49          0        963        83
|July     '03        981          0        120          0        530         0
|October  '03        169          0          0          0         10         0
|December '03        209          0          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       42,292       -467*    17,616       -851*    61,363     1,507
|-------------------------------------------------------------------------------
|
|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
|1/10/02
|
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