Capital is bloodthirsty.
The Hunter brothers spent so much effort to drive up the price of soybeans, and they must have made huge profits behind it.
The vast majority of soybean futures contracts in the market are in their hands.
In other words, they have monopolized the supply, formed a seller's market, and are about to cash out at high prices.
However, what made them unhappy was that during the harvest season, they were not the only ones who came with baskets to pick fruits.
These accounts, which can be traced back to Japan, are gradually selling the soybean contracts they have on hand.
The Hunter brothers had no other choice but to watch as their stocks were almost sold out and they started to slowly sell off again.
“These days, things are really too arrogant.
Dare to snatch food from our mouths, next time, we will go to Japan's financial market to make trouble."
While Nelson Hunt was operating the futures sales, he was secretly making a plan to retaliate against Japan.
For these financial families, manipulating capital and taking advantage of funds, even if it is targeting a country's financial market, can legally and reasonably intercept a large amount of speculative profits.
But when they started selling soybean futures in large quantities, the rising speed of the entire soybean futures price immediately slowed down.
The market's heat has not diminished, but more and more retail investors are buying soybean futures.
Then, the Hunt brothers also began to short soybean futures on a small scale.
As a result, the price of soybean futures began to fall rapidly from a slow rise.
The financial brokers on Wall Street were the first to smell the crisis.
However, they do not intend to tell the retail investors who are still pouring into soybean futures investment about this news at the first time.
Because, if there are no retail investors to take over, how can they sell the soybean futures they hold?
"Damn it! The Hunt brothers are damned! They told us that they would at least raise the price of soybeans to eighteen dollars a bushel.
We expect that they are exaggerating and are prepared to throw at twelve or thirteen dollars a bushel.
As a result, as soon as it reached $10 per bushel, they started to sell…”
"Hurry! Let's sell now while it's still $9.2 per bushel. If we sell it now, we'll make some profit instead of losing money."
"There are still many new retail investors pouring in. Hurry! Issue some research reports on soybean futures immediately, saying that this is a technical adjustment and the decline in soybean futures is to give more people the opportunity to get on board."
"We will issue financial reports as soon as our products are almost sold out. By the way, we can work with some agricultural experts and after several rounds of discussions, we will find that although the soybean production will decrease this year, the global soybean supply can still be basically guaranteed."
"If possible, we will also invest some funds immediately to short soybean futures..."
…
Crash!
Wall Street in the dark night is like a man-eating beast with its bloody mouth opened wide.
Every financial company has its own intelligence network and decision-making mechanism.
They don't care about the lives of retail investors. The most important thing is to ensure their own profits.
On the other hand, retail investors in the futures market were watching the soybean futures fall with great interest.
Many investors who knew little about futures and had just been lured into the market were happy to buy in immediately.
After all, in many authoritative institutional reports they have seen, the expected price for soybean futures is at least $15 per bushel.
If they get on board at below ten dollars now, even if the price only rises to twelve or thirteen dollars per bushel, they can make several times the profit of their principal.
However……
Just as these retail investors were dreaming of getting rich, the price of soybean futures began to plummet rapidly within a day or two.
…
Hong Kong Island, Fok family.
The Huo father and son can be said to have witnessed a real avalanche in the futures market in the past two days.
The price of soybean futures fell from its peak of $10 per bushel to $9 per bushel on the first day.
The next day, institutions began to flee in panic, and some investors who had bought in at high prices were directly liquidated.
The price of soybean futures was suddenly pushed down to $7.8 per bushel.
"Dad! I just got the news that nearly $200 million worth of soybean futures contracts in the Chicago futures market have been liquidated.
A dozen more investors jumped from the dozens-story building.
When he said this, Huo Zhenting's voice was trembling.
It was the first time for him to participate in such a global financial event, and he truly witnessed that financial wars kill people without knives.
"The 50 million U.S. dollars we used to short sell with the mainland has now become 150 million.
The speed at which money is made is really... too scary..."
Huo Zhenting was both excited and a little scared.
Making money through finance is both fascinating and terrifying.
In just a few days, they earned more than 100 million US dollars. Even the Huo family couldn't control themselves from such quick money.
"What? Haha! Now you know there are really masters in the mainland!"
Huo Yingdong's eyes were sharp, and he smiled and said to his son, "Zhen Ting, you see, this is why I don't allow you to trade futures.
Without sufficient strength, no matter how much money you bring into the market, you can only be like those desperate investors jumping down from the building.
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