11. Already, export sales are slowing. 12. Also, a key report of weekly export sales will be released tomorrow, leaving many brokers and traders unwilling to take substantial positions before then. 13. And these days, we need price stability and capital inflows a lot more than we need a few extra export sales at the margins. 14. Another cause of the slow down in export sales may be the reduction in tax relief for exports from the start of July. 15. Argentina prints a peso only when it acquires, through export sales or capital inflows, an additional American dollar. 16. At the same time, slow export sales are leading to a surplus of domestic supplies. 17. At the Kansas City Board of Trade, wheat futures were lifted by technically related buying and ongoing anticipation that export sales will increase. 18. Auto and chemical companies, which also depend on export sales, were also lower. 19. Before trading starts tomorrow, the USDA will report its weekly export sales from the previous week. 20. Both companies earn dollars on their export sales. |