Cotton On-Call Report

|                                Weekly Report No. 14
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  4/4/03
|
|                                 (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    |  4/4/03  |  Week
|-------------------------------------------------------------------------------
|May      '03      5,420       -940      2,060     -1,349     42,539    -6,150
|July     '03     12,741       -408        946        -81     23,225     5,593
|October  '03      4,952         79        495          0        986        21
|December '03      5,596        520      3,898         87     13,706     1,655
|March    '04      3,076        925         81          0      2,035       147
|May      '04      2,303        628         15          0        433         4
|July     '04      3,114        935        133         -1        541         0
|October  '04        477         88         14          0          1         0
|December '04      1,117        480         21          0         60         0
|March    '05        106         -9          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       38,902      2,298      7,663     -1,344     83,526     1,270
|-------------------------------------------------------------------------------
|
|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
|4/10/03
|
|