To be honest, even Jiang Ping, who expected the price of soybeans to fall in advance, did not expect that it would fall so miserably and so ...... Tragic!

The Americans are leading not only Chinese companies, but even the global market. Look at 'Mao's line, Chinese, and net

How many international speculators who do not know the truth enter the soybean futures market, take over at high prices, and then get trapped - Wall Street's financial capital is simply not too skilled in cutting leeks.

Jiang Ping, who backhanded "shorting" the market, can naturally reap huge profits while happily being a melon eater, watching a group of players who have been cut leeks in the futures market cut meat and leave, but domestic soybean merchants have no heart to watch the excitement.

With the plunge in international soybean prices, domestic soybean processing has turned from a profit to an industry-wide loss - or a huge loss.

Larger soybean producers can barely support themselves, but many small and medium-sized soybean processors are already mediocre, and high-priced soybeans have become a hot potato.

Domestic soybean traders were frightened, and some processing companies, especially private enterprises, even chose to flee - the soybeans that had been ordered were simply not wanted, and the Americans called again to ask for performance, and the shutdown of the shutdown, the shutdown of the shutdown, in short, the phone could not be connected......

As a result, there was the first large-scale "ship washing" incident in China.

The so-called "ship washing" means that soybean buyers have taken a breach of contract in the face of obvious price differences, giving up the purchase contracts and deposits originally signed at high prices.

Shiploads of U.S. soybeans were left unmanned, and the collective default triggered a "soybean earthquake."

The Americans' methods and character are all tough and domineering, first importing soybeans into the country through trade, and then through skillful futures operations, China's oil industry lost money overnight, and then they want to escape their debts? No way! We have to sit down and talk.

In the face of China's collective breach of contract, the U.S. soybean supplier began to sue the Chinese importer for breach of contract, with a claim amount of about 6 billion yuan.

International grain merchants boycotted Chinese private enterprises, and except for some Chinese companies in which they had a stake, they no longer offered quotations to other Chinese importers;

The suppliers also jointly revised the text of the soybean export contract to China, and the revised contract terms were more unfavorable to Chinese importers......

In the face of the aggressive Americans, the Chinese side is angry, to be precise, the domestic media is angry

"Is the price of soybeans rigged?" and "Why is China buying U.S. soybeans at the highest price?"

"International funds hunt China at a high level!" "USDA and Soybean Association false data!"

"Why doesn't China, the world's largest soybean consumer, have pricing power?" ......

In their view, Chinese companies are the biggest victims of the sudden change in the international soybean market, and there is obviously a conspiracy of the Americans behind this......

Why, it's not enough to cheat, and now you want to pit us again by suing us for breach of contract?

It's just too deceitful!

Extremism, questioning, and fairness or not, the analysis and judgment from all sides, have added infinite topics to the domestic media in the first half of 04.

In particular, there are insiders who have suffered heavy losses and publicly stated: "We have been fooled by the Americans again." Before the order cycle comes, there will be a crisis of public opinion, such as the North American soybean production hit a record low, then the price of soybeans will be speculated, and after the speculation, including China, these demand sides will be dominated by panic psychology to order. ”

"After we bought U.S. soybeans at a high price, the market changed dramatically, and unlike the original prediction, U.S. soybeans ushered in a rare bumper harvest. In less than half a year, international soybean prices have deduced a cycle from soaring to plummeting, making our company have to default ......"

As soon as this remark came out, it added to the fire, and the media completely launched a cathartic condemnation of the "soybean conspiracy" that plagued the Chinese people and even became an unsolvable solution in the hearts of many people.

......

Looking at the "soybean conspiracy" theory that is in the uproar in China, Qi Zheng couldn't cry or laugh.

In many cases, after being frustrated in international trade, Chinese people often like to use "conspiracy theories" to analyze, which is inevitably one-sided and even extreme.

In Qi Zheng's view, talking about a conspiracy is really not a conspiracy, and people are pitting you frankly - fancy speculation before selling goods, where will you care about life and death after selling goods, as long as you give the "beautiful knife".

The only reason is that the country is too dependent on USDA forecasts.

"Superstition over a single number is a 'business no-no.' Our hedge fund is a great example of this. Speaking of the "assassin" hedge fund in the United States, Wang Yuye is in a good mood.

In this "roller coaster" of soybean futures prices from skyrocketing to plummeting, the "assassin" hedge fund has now made a profit of at least $2.5 billion - starting at 500 cents, doubling to a high price of more than 1,000 cents, and falling back to 700 cents.

But Jiang Ping: How did they do it?

Except for Qi Zheng's warning, hedge funds, like any U.S. soybean processor, will never rely solely on USDA forecasts.

A U.S. processor may have an average of 45 dedicated consulting agencies that seek advice on contract matters, current year's harvests in China and Latin America, and so on. Even many U.S. companies have dedicated weather services, rather than just government weather forecasts – there are many sources of information in the U.S. market, and there are many factors that affect the market.

"On the contrary, most of the soybean processors in China make purchasing plans and decisions based on market information and forecasts released by the USDA every year. However, USDA's forecasts are often not very accurate, making it difficult for domestic companies to make the right judgment in this case. This information asymmetry is an important cause of the crisis. Not only soybeans, but also other agricultural products have the same problem. Wang Yuye is right.

Qi Zheng said helplessly, "Even if the USDA's forecast figures are not credible, Chinese companies still have to adopt them, after all, there is no domestic data of their own!"

Wang Yuye thought about it and had to admit that this possibility was very high.

"The construction of 'China Data' involves too many interests, and it is not so easy to promote, so our enterprises can only do their own and be vigilant. By the way, how is your investigation of the domestic soybean crushing industry going?" Qi Zheng asked.

As early as before going to the United States, Qi Zheng asked Jiagu to investigate the situation of the soybean processing industry in China first, so that he could quickly enter the soybean processing industry after the accident.

Although this is not an kind of rhetoric, the current tragic situation of the domestic soybean processing industry is the best opportunity for Jiagu to enter the oil industry in a big way - especially after the hedge funds have enough "ammunition".

......