Cotton On-Call Report

|                                Weekly Report No. 22
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  5/31/02
|
|                                 (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    |  5/31/02 |  Week
|-------------------------------------------------------------------------------
|July     '02      4,076        -95      3,195     -1,005     26,157    -4,374
|October  '02      2,224        205        199        -10      2,466       575
|December '02      6,066        -75      6,841        -87     28,606     3,617
|March    '03      5,345         71        408         30      4,173       142
|May      '03      4,287        103         95         17      2,533       102
|July     '03      5,885         62        354        -60      1,179       123
|October  '03      1,772         95         38          0         75         0
|December '03      1,520       -276          0          0        450         8
|March    '04         20          0          5          0         93         0
|             ------------------------------------------------------------------
|   Totals:       31,195         90     11,135     -1,115     65,732       193
|-------------------------------------------------------------------------------
|
|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
|6/6/02
|
|