I'm in the county town, and you say I'm a big shot?

Chapter 618 Igniting the Market Trend
Fang Qingye drove back to the villa, where Xia He was waiting.

Seeing him enter the living room, he hurriedly came to greet him, leaning on his cane: "The results are out? How many years was the sentence?"

"Acquitted."

After Fang Qingye finished speaking, she handed her the judgment.

Xia He looked at it, her face turning pale instantly, and she murmured, "How could this be?"

"Don't be angry." Fang Qingye gently hugged Xia He: "It's okay, the law can't punish him, I will!" With that, she went upstairs into the study.

By carefully observing the price trend of corn ZCM1503 on the computer, it was found that it was rising moderately and the trading volume was increasing.

Clearly, besides them, the mysterious force that Ouyang Shaoqiang mentioned has also entered the fray, and now all that's left is to ignite the fuse!

Fang Qingye checked the time; it was 11 a.m., which should be 2 p.m. in Beijing. He thought for a moment, took out his phone, and dialed a number in Beijing. He was calling Mr. Ning from COFCO.

"Hello, Mr. Ning, I am Fang Qingye."

"Hello, Mr. Fang, I heard from the leader of the central bank, Mr. Zhou, that your Jinghai Bank performed very well during this liquidity crisis. It has ample funds and has not been affected, ensuring the normal operation of all bank businesses."

"Hehe, it's mainly because I'm a bit timid. As the saying goes, 'With grain at home, one has nothing to fear,'" Fang Qingye replied.

You little coward?!

Even I, an outsider, have heard about the things you've done in the financial markets.

President Ning thought to himself, but didn't say it aloud.

After a brief exchange of pleasantries, Fang Qingye asked, "President Ning, I heard that our country plans to increase the amount of corn it imports from the United States next year?"

"You're very well-informed. Did Director Zhou from the Ministry of Commerce tell you? Yes, including COFCO, our import volume will increase next year, but the increase won't be too large. Our focus is still on soybeans," said General Manager Ning on the other end of the phone.

“That means it’s an increase,” Fang Qingye emphasized.

"Oh, why are you asking that?" President Ning on the other end of the phone noticed something was wrong.

"It's nothing, I was just asking. I'll invite you for tea when I go to Yanjing," Fang Qingye said with a smile.

The two chatted for a few more minutes before hanging up.

Meanwhile, President Ning, sitting in his spacious office, kept thinking about it and felt something was off. Why was this kid suddenly calling to ask this?
After thinking for a moment, he picked up his phone. This time, instead of calling back, he called Qiao Yongfeng.

After the call connected, he asked, "Yongfeng, do you know what President Fang, Fang Qingye, has been busy with lately?"

“He went to New York to set up an office for his company there,” Qiao Yongfeng said.

"In New York? He just called and suddenly asked about importing corn next year. Are you going to do corn export business?" General Manager Ning asked.

"No way, we're too busy with the soybean business," Qiao Yongfeng laughed on the other end of the phone.

"Oh, could he be up to something in the US futures market?" President Ning muttered to himself.

"I really don't know," Qiao Yongfeng said honestly.

"Okay, let him do whatever he wants, just don't cause trouble in China." President Ning hung up the phone after saying that.

After finishing his call with President Ning, Qiao Yongfeng, still feeling uneasy, called Fang Qingye. He already knew that Fang Qingye's trip to New York to establish an office was just an excuse; she was actually going to see Xia He, who had been in a car accident.

When he called to express his doubts about President Ning, Fang Qingye did not hide anything from him.

"Indeed, I want to hype up corn. I've got my Hong Kong branch and Shi Guangrong and his team working together to hunt down an American agricultural company!"

Fang Qingye briefly told Qiao Yongfeng what had happened.

After listening, Qiao Yongfeng sighed and said, "Alright, let's do this: I'll call President Ning and tell him that if he confirms this, he shouldn't deny it."

"That would make it even more foolproof!"

In recent days, a piece of news has suddenly spread in the US trade circle: China will import a large amount of US corn next year!
The news initially came from Hong Kong, reportedly from a businessman who was very familiar with officials in the mainland's commerce department.

Of course, many people didn't believe this news at first, but Granular, an American agricultural data analysis company, also reported similar news: Chinese companies will buy a lot of American corn next year!

Strangely, neither of the companies in either country, such as COFCO and ADM, denied the allegations.

The market was immediately ignited, with a large number of investors rushing in, and the price of ZCM1503, which had been rising moderately, suddenly surged!
The momentum was so strong that even Fang Qingye was somewhat caught off guard.

"Holy crap. The price jumped from $3.95 per bushel to $4.7 in just three trading days! That's an 18.9% increase. For such a large volume, the increase is so dramatic, it's beyond my expectations."

Fang Qingye stared at the screen and murmured to herself.

Xia He was standing behind him, leaning on her cane.

She was looking at the account data, and it already showed a floating profit of $1.25 million!
However, she was already used to Fang Qingye's profits of hundreds of millions of yuan, and when she heard Fang Qingye's words, she smiled and said, "It seems that a large amount of capital has entered the market."

"ABCD company, I'm not sure which one exactly, but Ouyang Shaoqiang is right. That's good, we were planning to use funds to push up the price anyway, no need to enter the market, we'll close our positions in a few days," Fang Qingye said with a smile.

"Come on, let's take Qingqing out to play." Fang Qingye said, standing up.

"The little girl has been waiting for a long time," Xia He said with a smile.

"Come on, let me carry you downstairs." Fang Qingye said, and carried Xia He in a princess carry.

"Stop fooling around. It's not good if Qingqing sees this," Xia He said reproachfully, but still hugged Fang Qingye's neck tightly.

Pete, the trader at ADMIS, and his boss Wilson were equally pleased.

The company invested $4 million this time, and the account has a floating profit of $3.9 million, which is still rising. Generating revenue for the company means that my bonus will increase.

The two were still in the room, drinking coffee and watching the screen, in a good mood.

"I really didn't expect that the relevant Chinese companies wouldn't come out to clarify. Could this news be true?" Pete suddenly thought of something and asked.

Wilson, holding his coffee cup, pondered for a moment before saying, "It's possible it's true. Otherwise, those Chinese wouldn't have quietly entered the warehouse and built up positions. The attitude of Chinese companies confirms this suspicion. We should play along!"

"Playing along? Aren't we already doing the long?" Pete didn't react for a moment.

“I’m talking about spot trading! Since China is going to buy up large quantities of corn, we need to stockpile! We need to make money in futures, and we need to make money in spot trading too. But this isn’t something I can decide on my own. I need to report our thoughts to President Jack.” Wilson hurriedly left the room.

Unlike Pete and his friends, the atmosphere inside Rock Agriculture Company was gloomy, especially Chairman Felix, who was extremely depressed.

(End of this chapter)