Cotton On-Call Report

|                                Weekly Report No. 25
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  6/21/02
|
|                                 (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    |  6/21/02 |  Week
|-------------------------------------------------------------------------------
|July     '02        268     -2,124      1,516     -1,293*       839   -12,644
|October  '02      2,487        255        213         36*     3,723       573
|December '02      7,185      1,013      7,627        759     50,038    12,633
|March    '03      8,662        824        391          9      5,678       920
|May      '03      6,969        623         95          5      3,066        99
|July     '03     10,682      1,043        332        -22      1,494       196
|October  '03      2,152         38         47          9        106        31
|December '03      2,268       -187         13         13        490        17
|March    '04         20          0          5          0         93         0
|May      '04          0          0          0          0         12         0
|             ------------------------------------------------------------------
|   Totals:       40,693      1,485     10,239       -484*    65,539     1,825
|-------------------------------------------------------------------------------
|
|1/ Merchants with futures positions of 50 or more contracts in one future.
|* Changes from the previous week are based on revised data for last week.
|
|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
|6/27/02
|
|