Cotton On-Call Report

Weekly Report  3

"On call" positions in spot cotton based on New York Cotton futures
reported by merchants in special account status1 as of 01/14/2005

(In Contracts)

Futures
Based
On:

Call Cotton Based New York

Open Futures Contracts
New York Board of Trade

Unfixed Call Sales Change From Previous Week Unfixed Call Purchases Change From Previous Week At Close
01/14/2005 		Change From Previous Week
March 2005 7,534 -42 2,135 -285 61,687 4,683
May 2005 8,037 804 974 -108 12,834 1,138
July 2005 14,076 422 869 152 11,487 481
October 2005 2,949 131 141 0 416 23
December 2005 5,391 1,152 649 138 6,078 -145
March 2006 495 34 0 0 991 28
May 2006 910 18 0 0 412 0
July 2006 980 31 270 88 163 0
October 2006 108 16 0 0 0 0
December 2006 226 92 0 0 0 0
March 2007 26 0 0 0 0 0
March 2008 13 0 0 0 0 0
Totals 40,745 2,658 5,038 -15 94,068 6,208

1 Merchants with futures positions of 50 or more contracts in one future.

Effective January 20, 2005, the level of special account status in cotton will
increase from futures positions of 50 contracts or more in one future to
100 contracts or more.



This report is published by the Commission's Division of Market Oversight.
If you have any questions concerning this report, call Walter Spilka
Industry Economist, Eastern Region at (646) 746-9777.


Released after 3:00 p.m. Eastern Time
1/20/2005