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  2/15/02
|
|                                 (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    |  2/15/02 |  Week
|-------------------------------------------------------------------------------
|March    '02      1,385     -1,009      1,929       -626      8,759   -13,103
|May      '02      5,386       -873      2,589         24     23,636     5,594
|July     '02     11,302       -879      3,202         21     13,861       341
|October  '02      2,099       -172        151          0        522       -32
|December '02      3,117        274      1,927      1,500     13,057     1,687
|March    '03      1,672        208          0          0      1,357        46
|May      '03      1,115        194         80          0      1,219       112
|July     '03      1,499        389        370          0        680        40
|October  '03        259          0          0          0         10         0
|December '03        318        109          0          0        106        23
|             ------------------------------------------------------------------
|   Totals:       28,152     -1,759     10,248        919     63,207    -5,292
|-------------------------------------------------------------------------------
|
|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
|2/21/02
|
|