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

Chapter 731 The most dramatic thing about life is this.

An internal company meeting is underway, and the company president, Joseph, is listening to a report from his subordinate, Wilson.

When the transaction data was presented to him, Joseph was taken aback for a moment, then a smile that was a mixture of contempt and understanding appeared on his lips.

He pointed at his slightly confused team members, tapping on the report showing COFCO increasing its long positions in the distant month, his tone full of confidence that he was in control.

"Gentlemen, what have we seen? Our Chinese friends, instead of stopping their losses, are 'paying tribute' to us."

He used the word "tribute," which drew a chuckle.

“But they’re committing suicide,” Joseph emphasized, leaning forward slightly as if sharing an undeniable conclusion. “This doesn’t conform to the most basic risk control logic. The only explanation is that they’ve been driven to desperation by us in the spot market and have lost their minds. It’s a desperate gamble, a fight to the death!”

He walked to the huge display screen and pointed to the clear supply and demand data curves on it.

"Look here, CONAB's (Brazil's National Supply Company) forecasts, analyses from various institutions—all the data point to one result—a historic harvest. This is an undeniable fact, a fundamental reality that no amount of money can reverse!"

He surveyed the crowd with a sharp gaze.

"By buying now, they're fighting a steel torrent with their bare hands. Once our harvest report is officially released, the market will devour their pitiful long positions in an instant. Every penny they've invested will..."

Joseph made a gesture of turning to ashes, his tone resolute:
"...losing everything."

Inside the meeting room, his team members nodded in agreement, their initial doubts completely dispelled by their leader's confidence and the overwhelming evidence presented.

But one Black man had some doubts.

Brad Pitt is a senior trader at ADMIS, with 20 years of experience in futures trading.

He always felt that something was wrong.

COFCO Futures is a state-owned futures company in China, full of talented people. How could it make such an obvious mistake?

A desperate gamble is a desperate struggle.
Such emotional trading behavior is more typical of small and medium-sized investors in despair, so how could it be COFCO Futures?

Since China allowed futures trading in the 1990s, COFCO Futures has appeared on the Chicago Board of Trade. He has been dealing with his old rival for more than ten years. His impression of him is that he operates cautiously, preferring to cut losses at any time rather than take risks easily. This is how good Chinese state-owned enterprises are.

Why did they suddenly become so bold and radical this time?
In Chinese terms, anything unusual must have a reason.

Based on this analysis, if COFCO's continued increase in long positions in distant months is rational and purposeful, then there are only two possibilities.

First: It is reasonable to assume that Brazil's soybean production is expected to decrease.

Secondly, if someone also believes in the anticipated increase in production and continues to go long, then their fundamental objective is not in the futures market, but in the spot market for soybeans!

However, in the soybean spot market, ADM is currently making a frenzied purchase of spot soybeans in Brazil. In addition to having already stockpiled a large amount of spot soybeans itself, it is also doing everything possible to obstruct COFCO Group's acquisition. According to reports, COFCO Group will not be able to complete its planned acquisition target in the first half of the year.

Is it
Pete had a sudden flash of inspiration and thought of something.

Yes, delivery!

If there is an expectation that the spot goods will not be able to arrive at the port for delivery on time due to logistical problems, the market will find that the warehouse receipts held by ADM are "illusory" and cannot be realized in time. At that time, these seemingly strong short positions will be released from the noose in an instant!

And the long positions that COFCO Group is currently buying are the fuse that will ignite all of this in the future! Thinking of this, Pete broke out in a cold sweat!
What a vicious plan!

However, after calming down and analyzing the situation carefully, how could there be an expectation that the goods would not arrive at the port on time for delivery?

Even though the awful weather in southern Brazil is affecting roads, the weather in central and northern Brazil is fine and not impacting transportation.

Unless COFCO Group controls key transportation nodes, such as securing the distribution hub of the BR-163 highway, a vital logistics artery in northern Brazil, namely the truck dispatch center and temporary storage area in Sinop.

But does COFCO Group have this capability? Pete was highly skeptical.

"Pete, what are you thinking about!" A man's words interrupted Pete's deep thoughts. He came back to his senses, looked up, and saw President Joseph staring at him with a furious expression.

"I'm sorry," Pete apologized, quickly sitting up straight.

He knew in his heart that Joseph didn't like him very much, otherwise he wouldn't still be a trader after nearly 20 years, without any promotion.

Perhaps she dislikes her skin color?
Pete understood perfectly well.

If Pete were to voice his doubts at this moment, he would be looking at Joseph's arrogant face.

Forget it, it's better to avoid trouble.

Let him be. Anyway, I'm just a trader; I do whatever my boss says.

Pete thought to himself as he picked up his coffee cup.

Fang Qingye never expected that her plan would be seen through by a seasoned trader. Just when it seemed that all her efforts were about to fail, she narrowly escaped disaster for some reason.

Nothing in life is more dramatic than this.

Fang Qingye has handed over all decision-making power for this futures battle to Ouyang Shaoqiang, letting him decide how to operate. Fang Qingye is only responsible for relaying information between COFCO and Tuofang Fund—which helps him keep track of the entire process.

He is now concerned about establishing the PCE in Singapore.

Originally, Xia He was entrusted with the entire responsibility, but after Xia He arrived in Singapore, she began to handle the matter herself, leasing company premises, contacting relevant institutions such as law firms and accounting firms, and selecting her own investment advisory team.

But when it came time to make the final decision, Xia He called and said she wanted Fang Qingye to come over.

"Aoba, the specific details of the trust terms are very complicated. For example, the trust terms may allow the use of the principal in an 'emergency' situation. But what constitutes an emergency?"

"Whether it's a revocable trust or an irrevocable trust, the advisor suggested we use a revocable trust, etc. It's better if you decide on these details."

Fang Qingye understood the underlying meaning in Xia He's words.

Although Bai Ou said she trusted her very much before she left, what if she felt that certain terms were inappropriate or even infringed on her or Yangyang's interests?
Xia He's identity was already unclear, and if this led to further misunderstandings, it would be a loss for everyone.

Since that's the case, Fang Qingye told Bai Ou that she suggested they go to Singapore together.

"Bai Ou, it's better if you go so we can discuss things together. Besides, you said you've never been abroad before, so why not take this opportunity to go to Singapore for a trip and relax?"

(End of this chapter)