As a mage, I just want to pursue the truth

Chapter 111 Diving
With first-hand information in hand, the short-selling battle on soybeans was successful, with a profit of nearly 2 billion Euros, which exceeded the total profit of China Seed Group since its establishment.

All traders present will receive a generous bonus.

As front-line traders, they are all savvy people, and doing futures requires extremely high sensitivity to all kinds of information.

With the cooperation of super crops, we can achieve twice the result with half the effort in the futures market. I originally thought I was sent here, but it turned out that I was here to show my talents.

We were supposed to start work at 9:30 p.m., but many people arrived at around 7:00 p.m.

There is a time difference between Chicago and Yanjing. Nine o'clock there 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, traders arrived at 7 am.

Chen Jingrui also knew the superiors' positioning of China Seed Group, which was to use the financial sector to make money, and use the money earned to subsidize the large-scale promotion of super seeds in China.

This is equivalent to using the money earned from the financial market to subsidize farmers in China's vast rural areas, while at the same time going to the countryside to promote super seeds.

China's resistance to GMOs is not just about farmers, many so-called cultural figures are also making a fuss about it.
Even those with a certain level of education are like this. Not only do they not believe in GMOs themselves, they also spread the disadvantages of GMOs and even use fabricated news to maliciously smear them.

For example, Americans do not eat genetically modified foods, so they specifically sell genetically modified foods to the Chinese. You can find out this by going to an American shopping mall. Even if you can't go to America, you can find out by looking at the financial reports of American agricultural giants.

After the approval of genetically modified soybeans, domestic public opinion has been discussing it.
"What do you think of China's super soybeans?"

"What do you think of the approval of super soybeans for sale? This is the first genetically modified seed approved for sale in China."

“Why did the country suddenly open up to genetically modified technology?”

“What biological risks will the opening of GMO technology bring?”

There are a lot of similar questions on Zhihu. Fortunately, most of the people on Zhihu support GMOs. On Weibo, there are half and half voices supporting and half against GMOs.

In the past few years, anti-GMO sentiment has prevailed.

As for the headlines, there are a lot of anti-GMO news 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. The reason why the red line of arable land is so important is because it is necessary 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 field of agriculture.

Judging from the current situation, Shennong has already exceeded their expectations. This will help China's rural areas and farmers achieve rural revitalization.

The development of agriculture will increase farmers' income and enrich food resources on the market. This is the fundamental rural revitalization.

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 to the news last night was to try to rebound. A 13-point drop was too much. The reason for the news was already known. China's super soybeans caused a surge in short-selling power in the market.

If the super soybeans promoted by China are as expected, then future soybean production will be 40 percent more than it is now. With such a large increase in supply, soybean prices are bound to plummet.

The decline in futures is equivalent to an early reaction to future soybean spot prices.

After careful consideration, Kenny directly placed a short order on wheat today.

He didn't know if there was any news released from China. If there was no news, he could try for a rebound today. If there was still a downward trend in soybean futures, there was no sign of stabilization for the time being.

The reason why we place a short order for wheat is that super soybeans will cause a surge in spot prices in the future.

But this will be a process, and soybean production will definitely not increase by as much as 40 percent based on the current planting area.

An increase in soybean production means that soybean prices will fall, so the willingness to grow soybeans will decrease and the area planted with soybeans will decrease globally.

Arable land will not decrease for no reason, but will increase year by year. The vacant arable land will be used to grow other crops.

As one of the staple foods, wheat will definitely occupy a place in the vacant arable land area. Therefore, as the arable land area of ​​wheat increases, the yield will also increase accordingly.

So Kenny judged that other major grains such as wheat and corn would fall slightly, so he placed a short order in the morning to take action.

At this time, stability is the most important thing, there is no need to try to get something out of the fire.

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 at all and fell to 5 points and just stayed there.

This time Kenny could hear the sound of glass breaking in the next room.

"Luckily I didn't try to rebound."

It is a common practice for speculators to buy at the bottom halfway up the mountain and regard the rebound as a reversal. As for the leeks, they buy and sell randomly.

"The genetically modified soybeans developed by China have obtained official planting permission from the Argentine government. Super soybeans are about to land in Argentina."

Kenny saw this news in the Wall Street News Live Update and finally understood why soybeans plunged again.

The deterrent effect of Argentina's super soybean cultivation is several times that of China, because they are the world's third largest soybean-growing country and the largest exporter of soybean oil and soybean meal.

If Argentina is willing to grow China's super soybeans, then 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, this is a rare big cycle, and a big cycle of this level will definitely have a bottom. What I have to do now is to hold on to it when the bottom appears.

(End of this chapter)