Cotton On-Call Report

Cotton On Call Reports No. 51 and No. 52, for the weeks ending December 20 and December 27, will be published on Friday, December 27, 2002 and January 3, 2003, respectively.

|                                Weekly Report No. 50
|
|      "On call" positions in spot cotton based on New York Cotton futures
|      reported by merchants in special account status 1/ as of  12/13/02
|
|                                 (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    |  12/13/02|  Week
|-------------------------------------------------------------------------------
|December '02          0          0          0          0          0       -29
|March    '03     11,625        542*     2,873        138     44,356      -714
|May      '03     10,440          9*     2,551          7     16,333       146
|July     '03     16,004        -17*       622         -9      6,182       114
|October  '03      3,893        112        333        197        704        -2
|December '03      3,871        396        291          0      4,362       281
|March    '04        540         42         21         21        534       101
|May      '04        347         29         14         14        268        10
|July     '04        584         28         14         14        247        40
|October  '04         28         28         14         14          1         0
|December '04         42         42         21         21          0         0
|             ------------------------------------------------------------------
|   Totals:       47,374      1,211*     6,754        417     72,987       -53
|-------------------------------------------------------------------------------
|
|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
|12/19/02
|
|