Cotton On-Call Report


|                                Weekly Report No. 16
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  4/18/2003
|
|                                 (In Contracts)
|
|-------------------------------------------------------------------------------
|            |                                           |    Open Futures
|            |        Call Cotton Based New York         | Contracts - New York
|            |                                           |    Board of Trade
|Futures     |-------------------------------------------|----------------------
|            |  Unfixed |  Change  |  Unfixed |  Change  |  At      |  Change
|Based       |  Call    |  From    |  Call    |  From    |  Close 2/|  From
|            |  Sales   |  Prev.   |  Purchs. |  Prev.   |          |  Prev.
|On:         |          |  Week    |          |  Week    |4/17/2003 |
|                                                                   |  Week
|-------------------------------------------------------------------------------
|May      '03      4,046     -1,330      1,317       -386     10,474   -14,051
|July     '03     13,003        429      1,492        129     47,120    11,954
|October  '03      4,957         -7        484        -11        986       -18
|December '03      6,307        262      4,358        192     15,305       769
|March    '04      3,693        423         81          0      2,286       189
|May      '04      2,579        148         15          0        545       103
|July     '04      3,467        167        133          0        916       339
|October  '04        719        220         14          0          1         0
|December '04      1,114         -3         21          0         76        16
|March    '05        115          0          0          0          0         0
|             ------------------------------------------------------------------
|   Totals:       40,000        309      7,915        -76     77,709      -699
|-------------------------------------------------------------------------------
|
|1/ Merchants with futures positions of 50 or more contracts in one future.
|2/ The New York Board of Trade was closed for a holiday on 4/18/03.
|
|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
|4/24/2003
|
|