Cotton On-Call Report

|                                Weekly Report No. 26
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  6/28/02
|
|                                 (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    |  6/28/02 |  Week
|-------------------------------------------------------------------------------
|July     '02         43       -225        999       -517        281      -558
|October  '02      2,638        151        250         37      3,736        13
|December '02      7,680        495      7,634          7     55,631     5,593
|March    '03      9,157        495        592        201      6,608       930
|May      '03      7,074        105         99          4      3,621       555
|July     '03     11,196        514        370         38      1,589        95
|October  '03      2,239         87         64         17        106         0
|December '03      2,660        392         39         26        605       115
|March    '04         20          0          5          0         93         0
|May      '04          0          0          0          0         12         0
|             ------------------------------------------------------------------
|   Totals:       42,707      2,014     10,052       -187     72,282     6,743
|-------------------------------------------------------------------------------
|
|1/ Merchants with futures positions of 50 or more contracts in one future.
|
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|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
|7/5/02
|
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