Cotton On-Call Report

|                                Weekly Report No. 28
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  7/12/02
|
|                                 (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    |  7/12/02 |  Week
|-------------------------------------------------------------------------------
|July     '02          0        -10          0       -880         89      -153
|October  '02      2,309       -251        321       -103      3,676       -92
|December '02      7,211       -392      8,419        763     57,371        69
|March    '03      9,208        -74        823         82      8,120       683
|May      '03      7,683        570      1,507      1,408      4,275       266
|July     '03     12,541      1,371        563        193      1,934       123
|October  '03      2,270       -208         77         13        106         0
|December '03      2,795        172         48          9        845        20
|March    '04        170        150          5          0         93         0
|May      '04          0          0          0          0         17         5
|             ------------------------------------------------------------------
|   Totals:       44,187      1,328     11,763      1,485     76,526       921
|-------------------------------------------------------------------------------
|
|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
|7/18/02
|
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