I am farming in the real world.

Chapter 158 MC players eyeing Meidou (Thanks to Nuanyang giant for the silver alliance reward!)

These guys were dressed very casually and appropriately, either wearing Polo shirts from Ralph Lauren or Zegna, or wearing classic Rolex watches. They were obviously regulars in the futures VIP client room.

People like them have been working in the futures market for many years. Even if they have never traded CBOT soybeans, they still know a little about this.

There are people who can take out 50 billion in cash at one time to speculate in futures. The super individual investors and private equity bigwigs in the futures market are everywhere in Shanghai, and their scale is often tens of billions or even hundreds of billions.

But those are all veterans who have been tested by the market for a long time. There is absolutely no possibility that they will be young people like Chen Jue!
Including the Bank of China girl who opened an account for Chen Jue, she felt a little dizzy after hearing the amount of funds.

Because just now, she had personally checked Chen Jue's qualifications.

The 4 million in cash lying on ICBC's books alone is enough to shock these ordinary people for the rest of their lives.

Not to mention opening a 20x leverage and leveraging 50 billion to a scale of billion to speculate in niche futures products such as CBOT soybeans.

So after asking twice and confirming that Chen Jue would subsequently add a large sum of funds of more than 2 billion, the young girl from Bank of China ran to the innermost office and invited out Zheng Yinhua, the vice president of Bank of China who was in charge of futures.

This scene stunned those guys who were staring at the market in the VIP room!

"Oh my god! President Zheng is here in person?"

"Who is this little red guy?"

"From the accent, he doesn't sound like Alamuduning, but rather someone from Jiangsu or Zhejiang!"

“This is a truly rich person!”

The guys who were watching the market were all sighing with emotion when they saw this.

Don't be fooled by their glamorous outfits and the high-end client rooms they go in and out of every day. When the market is good, they can earn an ordinary person's lifetime income in just a few days with just a few clicks of their fingers.

But to be honest, these people are at most high-income families in Shanghai with a net worth of tens of millions, not even close to billionaires.

Every day when I come to this VIP room, I have to take the initiative to greet President Zheng when I see him before I can chat with him for a few minutes.

Unlike Chen Jue, who just came to open an account, he sat casually on the sofa, crossed his legs, and his calm demeanor was so nonchalant that even the president of the bank came out to receive him personally.

This status gap, which is like a chasm, makes the old guys who are watching the market feel jealous and jealous.

……

"Mr. Chen is really young and promising! Recently, Cube Technology and Chen's have become famous on the Internet. I occasionally pay attention to current news after get off work, and I have also seen a lot of reports about your company!"

Zheng Yinhua did some preparation before coming out to receive the guests. After getting Chen Jue's account opening information, he immediately recognized the origin of this young rich man.

He knew that the young man in front of him was not the second generation from one of those wealthy families in Shanghai, but a leading figure among the first generation of entrepreneurs in Vancouver, with publicly disclosed assets amounting to at least tens of billions.

Such a high-quality and big customer is definitely worth a personal visit.

Chen Jue shook hands with the other party and said, "President Zheng, you are too polite. I heard from Brother Xiang Qingshan that the futures service provided by Bank of China in Shanghai is quite good, so I came here to open an account and have some fun."

Zheng Yinhua was immediately shocked when he heard this and asked, "Xiang Qingshan? Is that Mr. Xiang from Qingshan Holdings?"

As a major market maker of nickel futures, Tsingshan Holdings is a super large customer of BOC Futures.

The 'Nickel War' a few years ago caused a sensation, but it was not just the credit of the Nickel King, but also the national team like Bank of China was involved in the operation.

Otherwise, if Xiang Qingshan relies on himself alone, he will not be able to withstand the joint stranglehold of the greedy Western capital.

Chen Jue nodded. "Brother Xiang and I are from the same hometown and have a lot of business dealings. He recommended me to open an account with your Bank of China. President Zheng, could you please tell me about the latest market of CBOT soybeans?"

Zheng Yinhua immediately perked up when he heard this: "Of course no problem!"

In his opinion, since Mr. Chen of Cube Technology has a relationship with a domestic giant like Tsingshan Holdings, his net worth must have been underestimated online.

Thinking of the report from the account manager about Chen Jue's reckless move of investing 50 billion yuan into the market right after opening an account, Zheng Yinhua explained the market situation of CBOT soybean futures, including the trading rules, to Chen Jue in detail.

Because compared to popular commodities such as gold and crude oil that are often seen in the news, soybean futures are very unfamiliar to ordinary people.

Take CBOT soybeans, which is the futures soybeans of the Chicago Board of Trade. It has two types of contracts, large and small. Players who play international soybean futures call them US soybeans. Different from the domestic soybean No. 1 and No. 2, which are measured and traded in "tons/yuan/lots", US soybean futures are measured in "bushels/cents/lots".

美豆的大合约为5000蒲式耳1手，1蒲式耳美豆价格近期在1000美分左右波动（1蒲式耳=国内27.216公斤）。

Converted into tons, the total volume of 1 lot of US soybean futures is equal to 136 tons of beans, and the total contract price is US$5.

Based on the 5-fold leverage created by a 20% margin, theoretically, the 50 billion red note cash invested by Chen Jue can purchase 1.4 long/short options on the U.S. soybean contract.

In addition to the T0 trading rules of international futures, as long as the recent fluctuations in U.S. soybean prices do not exceed 5%, Chen Jue will be able to hold these 1.4 lots for a long time until he actively closes the position.

The rules are actually not complicated. It depends on how Chen Jue chooses to short sell or buy long.

According to the suggestion of futures expert President Zheng, due to sufficient global supply, the soybean production capacity in South America and North America has exploded, and the market supply has exceeded demand. The trading price of U.S. soybean futures has been falling very steadily recently.

If Chen Jue entered the market at this time, he could try short selling.

Because the general trend of the market is like this, U.S. soybeans have fallen from a high of 1300 in previous years to around 1000 now and have been fluctuating continuously.

“Short selling?”

"Okay! Then I'll go back and prepare the funds, and then enter the market to play when the bullets are in place."

After Chen Jue understood the ins and outs, he added President Zheng on WeChat and made a verbal agreement. He also injected the funds on ICBC's books into BOC Futures' books.

"Mr. Chen, 50 billion is not a small amount of money! You must consider it carefully when you go back! Because once this amount of money enters the market, it will definitely be the target of attack by those American capital hunters." Zheng Yinhua reminded earnestly.

Because futures are essentially a gambling game, with the long and short parties acting as counterparties.

If one party makes a profit, the opponent loses money.

In the past few years, domestic capital has invested indiscriminately overseas, but has been reaped a lot of benefits from American and Western capital.

In fact, after gaining an in-depth understanding of the "Nickel War" case of Tsingshan Holdings, Chen Jue had no intention of seriously entering the market to speculate in U.S. soybean futures.

Instead, it plans to make up for its own cash flow shortage by operating its own spot soybeans and sucking blood from the U.S. soybean futures market, completely boosting the price of U.S. soybeans.

You should know that according to data released by the Chicago Stock Exchange, the total recent positions in the entire U.S. soybean market are approximately 37 lots, with a total weight of about 5000 million tons.

However, these 5000 million tons of U.S. soybeans are just paper data. Just like paper gold, it is just a virtual value and an estimate of the total soybean production capacity in the United States in the near future.

In fact, the Chicago Board of Trade's deliverable soybean inventory is only about 350 million bushels a week, which means that 9.4 tons of real spot soybeans are produced in a week.

Because soybeans are not easy to store on a large scale, once they are harvested from the fields, they are basically taken away by chartered ships by big buyers like China, and sent across the oceans to domestic grain and oil companies for further processing, such as for oil extraction or for making feed.

There is no other super buyer in the world like China with an annual import volume of 1 million tons.

Such an unbalanced supply and demand relationship, as well as the data difference between U.S. soybean futures and spot prices, gave Chen Jue a lot of room for arbitrage operations.

"With 9.4 tons of spot cargo per week, doesn't that mean that 10 -ton bulk carriers will arrive at the port steadily every week?"

"As long as the domestic buyers of U.S. soybeans are cut off at the source, this unlimited spot market trick will be used. Isn't it just like stock speculation and manipulating stocks, releasing insider information at will to crash or pull up the market?"

Chen Jue began to think about it in his mind.

Because he has foreseen that once he really sets foot in U.S. soybean futures, he will be able to draw a steady stream of cash flow from it for the several companies under his control.

After all, as the only player in MC, Chen Jue possesses almost unlimited soybean production capacity. He is fully capable of fighting against US soybeans and the Western capital groups behind them on his own!

However, if one wants to enter the market and significantly boost Latin American soybeans, one will have to rely on the cooperation of national futures teams such as Bank of China.

Otherwise, if you randomly smash or push up the market, it will easily hurt your teammates and innocent domestic soybean farmers.

So after completing the account opening and depositing 4 million red notes into the account like happy beans, Chen Jue quietly pulled President Zheng over and whispered in his ear in a low voice, slightly mysteriously, "Old Zheng, do you want to avenge the loss of 'Crude Oil Treasure' to the Chicago Board of Trade?"

Second update today~Thanks again to the Silver Alliance of Nuanyang Giant!

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(End of this chapter)