As a mage, I just want to pursue the truth

Chapter 111 Diving
With the first-hand information in hand, the short sale of soybeans was successful, with a profit of nearly 20 billion yuan, exceeding the total profit of Huaguo Seed Group since its establishment.

All traders present can share a generous bonus.

As a front-line trader, they are all fine people, and to do futures requires a high sensitivity to all kinds of information.

With the cooperation of super crops, they can achieve twice the result with half the effort in the futures market. I thought they were allotted here, but it turned out that they came to show their talents.

I was supposed to go to work at 09:30 in the evening, but many people came after [-]:[-].

There is a time difference between Chicago and Yanjing, and the other party's nine o'clock is eleven o'clock in the evening of Huaguo time.

Therefore, the working hours of futures traders are from 09:30 in the evening to 04:30 in the morning.As a result, the traders arrived at seven o'clock.

Chen Jingrui also knows the position of Huaguo Seed Group, and uses the financial sector to make money. The money earned is used to subsidize the large-scale promotion of super seeds in Huaguo.

It is equivalent to using the money earned in the financial market to subsidize farmers in the vast rural areas of Huaguo, and at the same time go to the countryside to do a good job in promoting super seeds.

Hua Guo’s resistance to GMOs, not to mention farmers, many so-called cultural figures are hyping it up
This is true even for those with a certain level of education. Not only do they not believe in GMOs themselves, but they also want to publicize the harm of GMOs, and even maliciously smear them with fabricated news.

For example, American people don’t eat genetically modified food, and they sell genetically modified food to Chinese people to eat. You can know this by visiting the American mall. Know.

After the approval of genetically modified soybeans on the market, there have been endless discussions in domestic public opinion.
"What do you think of Huaguo's super soybeans?"

"What do you think about the approval of Super Soybean for marketing? This is Huaguo's first genetically modified seed approved for marketing."

"Why did the country suddenly open up genetically modified technology?"

"What biological risks will the openness of genetically modified technology bring?"

There was a large number of similar questions on Zhihu. Luckily, most of Zhihu supported GMOs, and the voices supporting GMOs and those opposing GMOs on Weibo were evenly divided.

In previous years, anti-GMOs had the upper hand.

As for the headlines, blockbusters against GMOs, all kinds of outrageous rumors.

The controversy in public opinion 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. The reason why the red line of arable land is so important is to ensure the independent supply of agriculture.

The reason why Huaguo chose to give the first magic brain to Shennong was also to see if he could achieve some kind of breakthrough in the field of agriculture.

Just looking at it now, what Shennong has done has exceeded their expectations.Relying on this can drive the vast rural areas and farmers in China to realize rural revitalization.

The prosperity of agriculture increases the income of farmers and enriches the food resources on the market. This is the fundamental revitalization of the countryside.

Not to mention the extra profits brought by futures market operations.

Back 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 rebound, and the drop of 13 points was too much.

The reason for the news has been fully known. Huaguo's super soybeans have caused a surge in short-selling power in the market.

If the super soybeans promoted by Huaguo are as expected, then the future soybean production will be 40.00% more than the current one. If the supply increases so much, soybean prices will inevitably drop sharply.

The drop in futures is equivalent to an early reaction to the future spot price of soybeans.

After thinking about it seriously, Kenny placed an empty order for wheat today.

He doesn't know if there is any news from Huaguo that hasn't been released. If there is no news, it can rebound properly today, and if there is still a downward trend in soybean futures that cannot be stabilized for the time being.

And why the empty order for wheat is placed, the logic behind it is that super soybeans will lead to a sharp increase in its future spot.

But there will be a process, and soybean production will certainly not increase by as much as 40.00%, which is calculated based on the current planting area.

The increase in soybean production means that the price of soybeans will be reduced, so the willingness to plant soybeans will decrease, and the area of ​​soybeans planted globally will decrease.

The cultivated land will not decrease for no reason, but will increase year after year, so the vacated cultivated land area will be used for other crops.

As one of the staple foods, wheat will definitely occupy a place in the vacated arable land area, so the increase in the arable land area of ​​wheat will increase the output accordingly.

So Kenny's judgment was that other major grains such as wheat and corn would drop slightly, so he came in the morning and put up short orders to go wild.

Stability is the most important thing at this time, and there is no need to go out of the way.

After the futures market opened, the soybean index rose slightly and then fell all the way. It resisted twice yesterday, but this time it did not resist, and fell to 5 points and fell there.

Kenny could hear the smashing of glasses in the next room this time.

"Fortunately, I didn't fight for the rebound."

It is a common operation for speculators to buy bottoms on the mountainside and regard the rebound as a reversal.As for leeks, they are bought and sold randomly.

"The genetically modified soybean developed by Huaguo has obtained the official planting license from the Argentine government, and the super soybean will soon land in Argentina"

Kenny saw this news in the real-time feed of Wall Street News, and finally knew why soybeans dived again.

The deterrent effect of Argentina planting super soybeans is several times that of China, because they are not only the third largest soybean planting country in the world, but also the largest exporter of soybean oil and soybean meal.

If Argentina is willing to plant China's super soybeans, then super soybeans will quickly spread in South America. If Brazil follows suit, don't expect soybean futures to rise during this period, and they will have to fall below the previous support level.

Kenny thought to himself, this is a rare big cycle, and there will definitely be a bottom in this level of big cycle, and what I have to do now is to firmly grasp the bottom when it appears.

(End of this chapter)