Cotton On-Call Report

|                                Weekly Report No. 49
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  12/6/02
|
|                                 (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    |  12/6/02 |  Week
|-------------------------------------------------------------------------------
|December '02          0         -8          0          0         29      -153
|March    '03     11,080       -186      2,735        -60     45,070    -5,528
|May      '03     10,413        268      2,544        -11     16,187      -336
|July     '03     16,016        427        631         11      6,068        27
|October  '03      3,781       -163        136         43        706       387
|December '03      3,475        181        291         25      4,081       287
|March    '04        498          0          0          0        433       265
|May      '04        318         23          0          0        258         0
|July     '04        556         44          0          0        207         0
|October  '04          0          0          0          0          1         0
|             ------------------------------------------------------------------
|   Totals:       46,137        586      6,337          8     73,040    -5,051
|-------------------------------------------------------------------------------
|
|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
|12/12/02
|
|