The appalling price not only caused grief in China.
The farmers in the United States are also in tears.
If farmers in the United States have learned Chinese, they will definitely know a phrase: low grain prices hurt farmers.
This move by the four major grain traders not only caused heavy losses to Chinese entrepreneurs.
It also caused local farmers in the United States to lose all their money.
However, the life and death of these ants at the bottom of the society will not affect the decisions of the capitalists above.
To them, there is no difference between ants in the United States and ants in other countries.
They are just leeks harvested by these capitalists.
The price of soybeans in the United States continued to fall until it reached 1,200 yuan before it finally stopped.
As the decline in soybean prices slowed down, the worries of Chinese entrepreneurs finally died completely.
They did some calculations.
For so much soybeans, the penalty alone would be over 10 billion US dollars.
If they lose this money, they will never be able to recover.
What's more, they have no money at all.
So these entrepreneurs made a decision at the same time.
I won’t pay you back.
But the United States is using the contract to put direct pressure on China.
They also joined forces with some foreign grain traders to stand at the commanding heights of public opinion and condemn these domestic companies.
They also threatened that if China did not pay compensation, international grain traders would never sell soybeans to China again.
This threat is somewhat serious.
After all, China's demand for soybeans is huge at this time, and domestic production is in short supply, so it has to be imported from abroad.
And now the United States is holding back on GMO technology and refuses to give in.
However, China's soybean planting volume has dropped sharply this year.
In addition, some domestic grain traders took advantage of the situation and hoarded soybeans to drive up soybean prices.
It can be said that China’s soybean stocks are now seriously insufficient.
Seeing that it was useless for the Chinese top leaders to mediate.
Those entrepreneurs ultimately had no choice but to give up.
It is naturally impossible to lose money.
Then just declare the company bankrupt and do whatever you want.
At worst, I can just become a deadbeat in the future.
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