With first-hand information in hand, he succeeded in shorting soybeans and made a profit of nearly 2 billion yuan, which exceeded the total profit of Huaguo Seed Group since its establishment.
All traders present will receive a generous bonus.
As front-line traders, we are all smart people. Doing futures requires extremely high sensitivity to all kinds of information.
With the cooperation of super crops, you can do twice the result with half the effort in the futures market. I thought you were assigned to it, but it turns out you are here to show off your skills.
I was supposed to start work at 9:30 in the evening, but many people came after 7:00.
There is a time difference between Chicago and Yanjing. Nine o'clock on the other side is eleven o'clock in the evening in China.
Therefore, the working hours of futures traders are from 9:30 pm to 4:30 am. As a result, the traders arrived at seven o'clock.
Chen Jingrui also knew the positioning of the Huaguo Seed Group and used the financial sector to make money. The money he earned was used to subsidize the large-scale promotion of Super Seeds in China.
It is equivalent to using the money earned from the financial market to subsidize farmers in China's vast rural areas, and at the same time go to the countryside to promote super seeds.
Not to mention farmers, China’s resistance to GMOs has been widely publicized by many so-called cultural figures.
Even those with a certain level of education are like this. Not only do they not believe in GMOs, they also publicize the harmful effects of GMOs, and even use fabricated news to maliciously smear them.
For example, Amerikan people do not eat genetically modified foods, but sell GMO foods to Chinese people. You can find out by going to Amerikan shopping malls. Even if you can't go to Amerikan, you can just look at the financial reports of Amerikan agricultural giants. Know.
After the approval of the marketing of genetically modified soybeans, domestic public opinion continued to discuss.
“What do you think of China’s super soybeans?”
"What do you think of super soybeans being approved for sale? This is China's first genetically modified seed approved for sale."
“Why did China suddenly open up to genetically modified technology?”
“What biological risks will the liberalization of genetically modified technology bring?”
There are a lot of votes on similar questions on Zhihu. Fortunately, most of them support GMOs on Zhihu. On Weibo, the voices supporting GMOs are evenly divided between those opposing GMOs.
In the past few years, it was anti-GMO opposition that took hold.
As for the headlines, there is a lot of opposition to GMOs and all kinds of outrageous rumors.
The public debate will not affect the country's determination to promote super soybeans and a series of subsequent super crops.
Agriculture is the most basic guarantee for China. Why the cultivated land red line is so important is to ensure the independent supply of agriculture.
The reason why China chose to give the first magic brain to Shennong was to see if it could achieve some kind of breakthrough in the agricultural field.
Judging from the current situation, Shennong has already exceeded their expectations. Relying on this, we can drive China's vast rural areas and farmers to achieve rural revitalization.
Agricultural development will increase farmers' income and enrich food resources on the market. This is fundamental rural revitalization.
Not to mention the additional profits from futures market operations.
Returning to the futures market, the Chicago International Futures Exchange opened the next day. Kenny's first reaction when he saw the news last night was to fight for a rebound. A drop of 13 points was too much.
The reason for the news is already known. China’s super soybeans have caused a surge in short-selling power in the market.
If the super soybeans promoted by China are as expected, then soybean production in the future will be 40% more than now. If the supply increases so much, soybean prices will inevitably fall sharply.
The futures decline is equivalent to an early reaction to future soybean spot prices.
After Kenny thought carefully, he directly placed a short order on wheat today.
He doesn't know if there is any news from China that has not been released. If there is no news, we can rebound appropriately today. If there is still a downward trend in soybean futures, it will not stabilize for the time being.
The logic behind why there is a short order for wheat is that super soybeans will lead to a surge in future spot prices.
But there will be a process, and soybean production will certainly not increase by as much as 40%, which is calculated based on the current planting area.
The increase in soybean production means that the price of soybeans will decrease, so the willingness to plant soybeans will decrease, and the area planted with soybeans will decrease globally.
Cultivated land will not decrease for no reason, but will increase year after year. Then other crops will be grown on the vacated cultivated land area.
As one of the staple foods, wheat will definitely occupy a place in the vacated cultivated land. Therefore, as the cultivated land area of wheat increases, the output will increase accordingly.
Therefore, Kenny judged that wheat, corn and other major grains would fall slightly, so he placed a short order in the morning to play wildly.
At this time, stability is the most important. There is no need to take chestnuts from the fire.
After the futures market opened, the soybean index rose slightly and then fell all the way. Yesterday, it resisted twice. This time, it failed to resist and fell to 5 points.
This time Kenny could hear the sound of glasses being smashed in the next room.
"Fortunately, I didn't fight the rebound."
Buying the dip halfway up the mountain and treating the rebound as a reversal is a common operation among speculators. As for leeks, they are bought and sold indiscriminately.
"The genetically modified soybeans developed by China have received official planting permission from the Argentine government, and super soybeans are about to land in Argentina."
Kenny saw this news in the real-time Wall Street news feed and finally understood why soybeans were plummeting again.
The deterrent power of Argentina's planting of super soybeans is several times that of China, because they are the third largest soybean growing country in the world and the largest exporter of soybean oil and soybean meal.
If Argentina is willing to plant China's super soybeans, then the super soybeans will be rapidly promoted in South America. If Brazil follows suit, don't expect soybean futures to rise during this period. They will have to fall below the previous support level.
Kenny thought to himself, this is a rare big cycle. A big cycle of this level will definitely have a bottom. What I have to do now is to firmly grasp the bottom when it appears.
(End of chapter)
