Cotton On-Call Report

|                                Weekly Report No. 7
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  2/14/03
|
|                                 (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    |  2/14/03 |  Week
|-------------------------------------------------------------------------------
|March    '03      3,081     -2,718      1,162     -1,278     14,800   -22,220
|May      '03      9,587        393      2,174         59     52,689    19,891
|July     '03     15,490        -42        668         28     10,719     1,589
|October  '03      4,314         -5*       333        -11        769         5
|December '03      4,093        280*     2,538        473      8,654       313
|March    '04      1,044        157         81          0      1,486         6
|May      '04      1,019         74         15          0        326         0
|July     '04      1,416        122         14          0        477        20
|October  '04        292          0         14          0          1         0
|December '04        546        258         21          0         60         0
|March    '05         97         97          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       40,979     -1,384*     7,020       -729     89,981      -396
|-------------------------------------------------------------------------------
|
|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) 747-9775.
|
|Released after 3:00 p.m. Eastern Time
|2/20/03
|
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