Cotton On-Call Report

|                                Weekly Report No. 12
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  3/22/02
|
|                                 (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    |  3/22/02 |  Week
|-------------------------------------------------------------------------------
|May      '02      3,941       -848      3,914       -546     26,111     1,550
|July     '02      9,645          1      2,900        190     19,887     1,263
|October  '02      2,562         36        191         40        720        76
|December '02      4,147        179      2,260        -37     16,500       764
|March    '03      2,235         47         85         26      1,624        80
|May      '03      1,610         14         82          0      1,309        48
|July     '03      2,025         28        389          6        780         0
|October  '03        306        -28          0          0         38         1
|December '03        510          0          0          0        132        12
|             ------------------------------------------------------------------
|   Totals:       26,981       -571      9,821       -321     67,101     3,794
|-------------------------------------------------------------------------------
|
|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
|3/28/02
|
|