I looked at my father Jackie Chan in 1988

The news first came from a small newspaper in Xiangjiang.

The newspaper published a not so eye-catching news in the evening paper that day.

"Soybean futures prices soared, will the "epic" squeeze be repeated? "

Below is the content:

"Chicago Futures Soybean Sudden 'Big Storm'!

Soybean futures on the Chicago Board of Trade broke through $11.2346 per bushel yesterday, marking a new high in soybean prices since 1973 and becoming the second highest price in history, second only to $12.11 per bushel in [-].

This year, a total of 173254116 hectares of soybeans are planted in the beautiful country, with an estimated yield of 1.89 metric tons per hectare, and an estimated annual output of 52.4 million tons.

According to the analysis of relevant sources, it is estimated that the global soybean production this year will be about 107.3 million tons.

Various data speculations show that this year's soybean production is likely to create the highest value since the 80s.

The market is oversupplied, so why does the price of soybean futures in the Chicago Board of Trade continue to soar? "

Next, a series of cases were listed, such as the previous squeeze on onion futures, the "vegetable oil scandal" in the 60s, the Hunter brothers' manipulation of soybean futures and silver futures, and so on.

The last newspaper point of view is that some people in the beautiful country are manipulating soybean futures to end the full text.

This news did not attract too much attention from the outside world at first, after all, the news reported by the tabloids was not believed by most people.

However, in the evening, the major TV stations in Xiangjiang also began to report these news.

Emerald Terrace!

Pearl Terrace!

Hong Kong and Taiwan!

International Channel!

They are all reporting that soybean futures are suspected of being cornered!

Asia is in an uproar!

Futures professionals from all walks of life jumped out to make various voices and accused major futures exchanges of ineffective supervision.

But the Tokyo Grain Exchange and the Chicago Board of Trade did not respond at all.

Even [-] of the more than [-] futures exchanges in the world that trade soybean futures responded to this incident.

Eurex, Sydney Futures Exchange, etc. are all silent.

There are also many futures buyers who are not too emotional about the news that Xiangjiang broke the news.

Until ITV and TV Tokyo began to report on this incident, all soybean futures buyers panicked!

"Shet!"

"Is someone manipulating soybean futures to squeeze positions?"

"Why didn't your exchange investigate this matter?"

"My God! I bought ten thousand bushels of soybean futures!"

"Strongly demand a thorough investigation!"

The telephones of all major futures exchanges were blown up!

But even though the futures buyers are so excited, the major futures exchanges still haven't announced anything to the outside world.

Then more and more futures buyers went into a rage and condemned.

Many buyers are also negotiating privately.

"What should I do if someone corners the soybean futures? Do you want to close the position now?"

"Hurry up and close your position."

"What about you?"

"Oh, I'd like to take the opportunity to buy some more."

"Do you think the major futures exchanges will interfere in this matter?"

"It's hard to say, if you interfere, the price of soybean futures will definitely plummet next."

"You said we are shorting soybean futures now, will we make a lot of money?"

"possible."

"Do you want to give it a try?"

"Damn it, wealth and wealth come from insurance."

The soybean futures market instantly became a mess. Some people think that since someone is forcing positions, buying soybean futures at this time can follow the underground dealers to drink soup. Some people think that the major futures exchanges will not let such things go. This will be supervised, and when it is found out that there is indeed a forced position, a series of mistakes will be made, which will lead to a sharp drop in soybean futures prices.

Countless funds poured into the market.

Soybean futures prices are constantly changing.

The trading volume of soybean futures on major futures exchanges hit a new high!

……

The reaction of ordinary futures buyers is still the same, let alone those large consortiums, who have obtained more information.

Citibank.

John Reed woke up early in the morning from being bombarded by phone calls, and hurried to the company.

As soon as he arrived at the company, he called a meeting of the company's management.

"Charlie, what's going on in Xiangjiang, Japan, and England?"

"I heard that someone broke the news that the owner of the Chicago Exchange was suspected of being forced to position in soybean futures, so those TV stations and newspapers are all reporting on it."

"How did Chicago, Tokyo Grain, and the rest of the global futures exchanges that trade soybeans react?"

"I sent someone to investigate."

"John, tell me."

"The major exchanges don't seem to have much reaction to these rumors, and they are still trading normally. Only the internal news from the Chicago Board of Trade seems to be strictly investigating abnormalities in soybean futures."

"Mr. John, in this situation, should we still short soybean futures?"

John Reed sat silent for a long time at the front of the conference table, and then he looked at Director Charlie, "Is there any movement from that kid?"

Everyone knew who "that kid" John Reed was talking about.

Director Charlie truthfully reported: "I still hid at home and didn't come out, but I heard that Steve White, the general manager of Huajin Capital, contacted Xiangjiang HSBC Bank and booked a dozen tickets to Xiangjiang today. "

John Reed narrowed his eyes, and tapped his fingers on the conference table twice, making a crisp sound of "duk tuk".

The other senior executives didn't say a word, they knew that at this time, the chairman needed to make up his mind on this matter.

About 2 minutes later, John Reed sneered, "This kid wants to eat alone!"

John said "ah", "He? Want to eat alone?"

John Li De hummed, his eyes narrowed, "I said he borrowed a billion dollars from us and there was no movement of funds. I'm afraid he was planning how to enter the market without being discovered, so he deliberately asked everyone The big media released the information that there are some people in the Chicago Board of Trade who have squeezed soybean futures positions, but they did not give any substantive evidence. If there is no accident..."

At this point he stopped.

Another Caucasian female director in her 40s hurriedly asked, "What?"

John, Charlie and the others also raised their ears and listened.

"His funds should have arrived at HSBC, right?" John Reed said softly.

Charlie's face changed, "I'll make a call and ask."

As he spoke, he hurriedly took out his mobile phone and dialed a number to inquire.

Three or four minutes later, Charlie took a deep breath and swears: "Salaman Bitchi! His funds are indeed in HSBC Bank!"

John's face changed, "Mr. John, he has funds in HSBC, and I'm afraid he will immediately buy soybean futures short contracts and complete off-market capital allocation. At that time, he will reveal to the outside world that we have collected enough Fuzi Company's forced positions. I am afraid that the Chicago Board of Trade will immediately report to the Commodity Futures Trading Commission to investigate the matter thoroughly, and then we will have no chance to enter the market.”

As long as the Beautiful Country Commodity Futures Trading Commission intervenes in the investigation, the trading will definitely be suspended at that time, and they will have no way to enter the market!

They spent a lot of money in order to raise the price of soybean futures before. If they can't harvest it, they will definitely lose a lot!

Another short, fat white director in his 50s frowned and said, "But if we enter the market now, if the Commodity Futures Commission investigates the squeeze, will we be affected?"

John Reed suddenly asked: "Hasn't this happened before? How did Hunter Brothers deal with the manipulation of soybean futures?"

In 1977, Nelson Hunt and William Hunt decided to test the waters with soybean futures.They used the power of the entire Hunter family to control 40% of all soybean futures contracts at that time, and made huge profits from it, but the regulators in the beautiful country had nothing to do about it.

Everyone knows this.

"However, we still hold long positions. We originally expected to close those long positions after buying a large number of short contracts. In addition to making a fortune, we can also make soybean futures prices fall, thereby achieving short-selling profits. But now this situation Under the circumstances, I personally think that it is better to close long positions directly, and as for short positions...don’t buy contracts.” The director, a white man in his 50s, said cautiously.

You can make money by closing long positions.

But they spent such a high price, so many human resources in it, and finally made wedding dresses for others?

No one is happy to change it!

John Li De said firmly: "Ji Cheng hasn't flown to Xiangjiang yet, which means he is not ready to detonate Fuzi Company yet. We still have time to buy a large number of short contracts, and wait until the short contracts are bought before closing the long positions. In this way to maximize profits.”

The high-level people expressed their opinions and argued for a while.

In the end, John Reed had no choice but to launch a vote.

The number of people supporting John Reed won the vote by a landslide!

……

State Street Group.

"You have already understood the situation, what do you think should be done next?"

"I'm in favor of buying short contracts."

"I support it too."

"be opposed to."

"... Well, the vote was eighteen to two, so let's act according to the result of the vote."

……

Vanguard Group.

"Close long positions first! Then buy short contracts appropriately!"

"Chairman, is it not good to do this? We will make a lot less money."

"Barkley, you have to remember one thing, we do finance to make money, not to take risks, do as I say!"

John Bogle was extremely strong, and he made a decision arbitrarily, and no one could refute it at all.

If Ji Cheng was present at the meeting, he would definitely praise John Bogle as the legendary godfather of finance, and his analysis of markets and risks has reached the point of proficiency. method, I am afraid that John Bogle has already won this decision.

……

The Rockefeller family also received relevant information.

Lawrence Rockefeller realized that something was wrong, and frantically commanded the squeeze, trying to raise the price, and then closed the position at the highest point and left the market.

two days!

He only needs two days!

Lawrence Rockefeller thinks so, and he also believes that even if the Chicago Board of Trade reports to the Commodity Futures Trading Commission of the United States, it will take at least two days to respond. In other words, he believes that the soybean futures squeeze must be Can get out of the whole body under the premise of making a profit.

……

in the villa.

Ji Cheng is having breakfast leisurely with Aniston.

Sitting in front of him was Barkley, who had fallen out with a smile on his face before.

"Oh? Buckley, what brought you here?" Ji Cheng drank a spoonful of oatmeal.

Aniston was reading the newspaper while having breakfast, seeming to be very focused. In fact, her eyes hidden behind the newspaper kept looking at Ji Cheng and Buckley. This was the first time she really entered into Ji Cheng's life and career. , of course he seemed very interested, and wanted to know how big his boyfriend's business was.

Buckley no longer had the arrogance he had in the reception room of Citibank before, "Ji, I'm here to apologize to you."

Ji Cheng smiled and said, "Apologize? What are you apologizing for?"

Barkley said helplessly: "I shouldn't be so rude to you."

Although he was reluctant to apologize, his tone did not reveal anything. After all, John Bogle had given him an order, either to apologize to Ji Cheng and get forgiveness, or to write a resignation report and leave the company.

Faced with the threat of being fired, Barkley could only apologize.

"Oh, you said that." Ji Cheng looked very magnanimous, "I didn't take it to heart, you don't have to come to me to apologize."

Barkley was overjoyed, and quickly said, "Then we, Vanguard Group and Joaquin Capital, are still allies?"

"It's not just that Huajin Capital and Pioneer Group are allies." Ji Cheng said with a smile on his face, "You and I are also good friends, why? You don't want to recognize me as a friend?"

"How? How!" Barkley laughed.

He thought Ji Cheng would hold on to this matter, but he didn't expect him to be so easy to get along with with a smile on his face.

It's a pity that Barkley has never heard a saying in Huaxia that "smiling is not a good thing", otherwise he would definitely not feel that Ji Cheng is easy-going and magnanimous in his heart.

After feeling a little emotional in his heart for a while, Buckley began to probe the bottom, "Ji, since we are still good friends, let me ask in private, did you transfer the one billion dollar loan from Citibank to HSBC? "

Aniston couldn't help but be silent when she heard that the two of them had a billion dollar conversation.

It's okay if you don't ask, but when you ask, Ji Cheng's face changes instantly, and there is even a trace of panic and fear in his tone, but he is still denying what he said, "No, how is it possible?"

When Buckley saw Ji Cheng's appearance, he immediately knew that the company's internal analysis of Ji Cheng's desire to eat alone was true, so he simply didn't continue to ask, "Hehe, I'll just ask, if there is no best, we will just wait and see." You call the shots and put money together.”

How could it be possible not to notice such a huge movement of billions of dollars in funds, as long as you are interested in inquiring about it?What's more, the State Street Group is so strong, it is too simple to know the flow of funds.

Ji Cheng is still denying, "There is really no such thing. If there is, as an ally, I will definitely tell you as soon as possible. Well, then you just wait. I expect to do it in the next two days. By then contact you when."

Buckley saw Ji Cheng's description getting darker and darker, and he didn't expose it, "Okay, then I'll leave it to you." He looked at his watch, "I still have to go back to the company beforehand."

Ji Cheng showed a relieved expression, "Okay, I'll take you out."

"No, the driver is waiting for me outside." Buckley declined.

Ji Cheng didn't say anything, and watched Barkley go out.

After the people left, Aniston put down the newspaper, blinked and asked, "Honey, you seemed panicked just now?"

Ji Cheng regained his composure and continued to drink oatmeal, "It's a panic."

Aniston was taken aback, and asked concerned: "Do you have any secrets that you are afraid of being discovered by him?"

Ji Cheng raised his head to look at her, showing an incomparably bright smile, "No, on the contrary, I'm afraid he won't be able to discover the secret I'm hiding."

"Ah?" Aniston was a little confused, "What do you mean?"

Just about to explain, the phone rang.

"Hold on."

Ji Cheng picked up the phone to connect, and instinctively said in English, "Hi, I'm Ji Cheng."

But a burst of Mandarin came from the other end, "Mr. Ji, I'm Bao Yugang."

"Hi, Mr. Bao." Ji Cheng said hastily, "How is things going?"

Bao Yugang said with a smile: "The matter is almost done, we old guys are almost falling apart."

Ji Cheng smiled and said, "Hehe, when the futures are delivered, I'll treat you guys to a meal."

Bao Yugang also responded with a smile, and said, "Okay, then I thank you in advance, but there is one thing I don't understand."

Ji Cheng looked at Aniston next to him, "Say it."

Bao Yugang asked a question, "Why do you want us to release those news to create panic when we buy short soybean futures contracts?"

Many people may not understand Ji Cheng's operation on this point.

After all, it is now revealed that the Chicago Board of Trade may be manipulating soybean futures to squeeze positions. It seems that it is easy to be supervised by relevant departments, which will trigger a series of negative reactions and even stop soybean futures trading.

But Ji Cheng has his reasons for doing this. He spent a lot of money in it, and let so many media cooperate with him, not just to scare people, but he really wants to cause terror in the market, no, to be precise, to cause panic in those capitals .

Only when those funds entered the market, and the funds entered far exceeded the funds invested by Ji Cheng, he would not be supervised by the regulatory authorities.

Although the possibility of being discovered after being divided into hundreds of units is very small, Ji Cheng invested almost all of his working capital in it, and he didn't want to take even the slightest risk.

So he must have someone to share those risks and gazes for him.

Thinking of this, Ji Cheng didn't explain too much, but said calmly: "Forcing capital to enter the market!"

"Forcing capital to enter the market?" Bao Yugang didn't quite understand the meaning.

Ji Cheng thought for a while, and explained a little, "That's right, only when capital enters the market, and it is far more than mine, will we not be found out. Only by harvesting these capitals can we make a profit and get out unscathed."

Bao Yugang asked again: "Is this useful?"

Ji Cheng blinked and said, "If you carefully check the trading volume of soybean futures on major exchanges, you will know whether it is useful or not?"

Bao Yugang said: "Uh, I checked before I called you. The trading volume of soybean futures on the world's major futures exchanges has indeed skyrocketed."

Ji Cheng hummed, "Hehe, this is just an appetizer. Just look at it. Before tonight, the open interest in soybean futures will create a historic record that has never been seen before or since."

Bao Yugang said: "I believe, what's next?"

Ji Cheng put down the spoon, leaned on the chair and said, "I don't need to care about it from now on, just wait for the futures exchange to respond."

"Well, one last question." Bao Yugang asked: "You have spent so much effort, and even took the initiative to spend money to get several regional and national media to cooperate with you. Do you want those capitals to enter the market and sell soybean futures for a penny? Soup?"

Ji Cheng said categorically: "They won't get anything. On the contrary, if the retail investors follow suit this time, they may follow me and make a lot of money."

joke.

My buddies are already scheming against those consortiums, how can they make money?

Bao Yugang is fine this time, "Okay, I see."

hang up the phone.

Ji Cheng laughed, those capitals have indeed entered the market, and the next step is the harvest time!