Cotton On-Call Report

|                                Weekly Report No. 10
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  3/7/03
|
|                                 (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    |  3/7/03  |  Week
|-------------------------------------------------------------------------------
|March    '03        174        -19          2        -86          4       -59
|May      '03     10,228        217      2,486        315     65,256       -34
|July     '03     15,527       -141      1,014         26     14,329     1,269
|October  '03      4,796        340        516          6        820         6
|December '03      4,843        159      3,041         83     10,391       830
|March    '04      1,460        115         81          0      1,613        33
|May      '04      1,274         69         15          0        351         7
|July     '04      1,568         28        114         14        488         0
|October  '04        319         27         14          0          1         0
|December '04        621          1         21          0         60         0
|March    '05        105          0          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       40,915        796      7,304        358     93,313     2,052
|-------------------------------------------------------------------------------
|
|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 (646) 746-9775.
|
|Released after 3:00 p.m. Eastern Time
|3/13/03
|
|