Cotton On-Call Report

|                                Weekly Report No. 20
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  5/17/02
|
|                                 (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    |  5/17/02 |  Week
|-------------------------------------------------------------------------------
|July     '02      4,267       -453      4,084       -273     35,512    -1,913
|October  '02      1,817        261        184          0      1,615       127
|December '02      5,340        403      5,977        993     23,391     1,130
|March    '03      4,223        594        358          0      3,570         1
|May      '03      3,626        491         78          0      2,327        29
|July     '03      5,383        988        403          0      1,028         6
|October  '03        960         39         33          0         75        15
|December '03      1,338        319          0        -42        342        40
|March    '04         20          0          5          0         93         0
|             ------------------------------------------------------------------
|   Totals:       26,974      2,642     11,122        678     67,953      -565
|-------------------------------------------------------------------------------
|
|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
|5/23/02
|
|