"It's more important to make money. Turning his attention to the market, Wang Nuo suddenly had a headache.

Soybean futures look like one type, but there are contracts for several months and then ...... Soybean futures actually include soybeans, soybean meal and soybean oil futures, and soybean futures are also divided into domestic beans one and foreign beans two, and laymen must be dazzled when they come in.

However, for insiders like Wang Nuo, there is a rough formula, one soybean is equal to 0.785 soybean meal plus 0.185 soybean oil minus other costs such as transportation, and soybean meal and soybean oil are CIF prices.

So obviously, the price of soybeans has risen, basically because the price of soybean meal or soybean oil has risen, if the price of soybeans itself is going to rise, then soybean meal and soybean oil will inevitably increase in price, which is a positive correlation, but there are still a lot of negative correlations hidden in it, but Wang Nuo is too lazy to look at it.

In the current soybean futures market, Wang Nuo looks at soybean meal and bean one, because the variable he cut out with an honest pen is the factor of rainfall.

The rainfall is almost zero, needless to say, the temperature must not be low, high temperature, no precipitation, the variable of "drought expectations" will definitely be grabbed by the bulls, the basis point of the operation exists, Wang Nuo is not afraid to enter the position.

However, the domestic information and data side is the opposite, and the data and information obtained from the Futures Research Department show that most domestic institutions believe that the market has digested the climate factors in advance, and the narrow upside space has led to the fact that there will not be much profit margin for longs.

So at this time, several major domestic institutions tend to be bearish on the bright side, so the problem is ...... Who's shorting?

Futures, just look at the total position to see that the long and short divergence is not serious, if the open interest skyrockets, the long and short divergence is very serious, that is, the commonly known "someone sells must someone buy".

If the position hits the warning line, a bloody feast of capital is almost inevitable, who wins and who loses, in fact, depends on the strength of capital.

The reason is also very simple: China is very powerful, how many tons of soybeans does China import every year? Last year, it was more than 80 million tons, I don't think it is enough? Let's talk about the data, accounting for 70% of the world's total soybean imports.

In the international trade of soybeans, for every 10 tons sold, 7 tons are bought by China.

This has created a big variable, the price of soybeans is too high, it is a problem from economic to political, and the bears will definitely hold on to this ceiling, and even now they are starting to talk about alternatives.

In addition, many commercial contracts do not use real-time prices, but have agreed on prices from a year or two ago, which means that they are stable.

What Wang Nuo is entangled in is not whether to enter the market or not, but when to enter the market and the distribution of positions.

Almost an overnight pass, reading through all the documents and information data, plus the variable reduction of weather factors, Wang Nuo had a faint guess in his heart.

The next day, go to work as usual.

"Fortunately, there are no guns and no cannons, and the enemy will make them for us. When Wang Nuo asked the Futures Research Department for data information and received confirmed feedback, he almost snickered.

Tang Junwen followed Wu Xuan's instructions, no matter what information Wang Nuo wanted, he would give it all, and there was a kind of fear that he would not give enough, if he wanted one, he would give two, and if he wanted two, he would give all.

What is the reason? Of course, when the time comes, Wang Nuo will be put on a big pot at one time.

The wonderful thing is that Wang Nuo has now determined the time to enter the market, and a little time before the most intense long-short hedging will be the most suitable time for him to enter the market, and the futures research department is really powerful.

Wu Xuan is really making a big move this time, the corresponding customer positions of the entire futures research department, bean one is as high as more than 20,000 hands, soybean meal is close to 200,000 hands, what is the concept? This is almost 10% of the total position of the market, the concept of the main force, at least one of the main forces.

But Wu Xuan's customers are bearish, and they don't know which speculators are operating.

"Sit back and wait for Chief Wu to give a signal. Wang Nuo sat in his place, drinking tea and reading documents, very comfortable, every time he received information, he first tried Wu Xuan's attitude with an honest pen, and then sent his arguments to Tang Junwen.

"That kid still gives you this kind of argument?" Wu Xuan was almost busy as a dog, he was constantly analyzing the market, all kinds of data almost crowded his head, thinking that Wang Nuo was sitting back and enjoying his success, his brain hurt.

But thinking about his purpose again, Wu Xuan held back his temper again, he is the chief analyst of the futures research department, he is a student of Ling Xiangjun, he must suppress the limelight of the securities research department, otherwise, when Tao Hui integrates the securities research department, the muzzle will definitely be transferred to the futures research department.

At that time, Wu Xuan thought that the immortals were difficult to save, and where did the Ling Lao Wei faction have the status to speak of? Either bow your head or get out, there was no third way to go.

"I don't know, the securities research department should be very busy, they have too much business, maybe they are using our data and information as an auxiliary. Tang Junwen said guessingly.

"Then keep giving them away. Wu Xuan sighed and said pretendedly: "The enemy is in the light and I am in the dark, and the victory is not martial, but in order to make everyone's life better in the future, I can only take the human sacrifice flag, and if you want to blame, blame him for his bad luck." ”

"The development of the securities research department is also too fast, and when they integrate the personnel from the research department, they will definitely have to intervene. Tang Junwen echoed Wu Xuan and said.

It's not about right or wrong, it's just about profit.

In fact, Wu Xuan took over a big business, which is also the reason why the securities research department is too popular, the resources of the research institute are so much, the securities research department takes more, and the futures research department, fixed income research department and other departments take less.

As for what Tao Hui said about treating everyone equally, Wu Xuan must have listened to it, if he treats everyone equally, why should he invest so many resources in Zhou Minghai to strive for analysts to be on the list?

Ling Xiangjun and Tao Hui said that the futures research department and the securities research department will integrate personnel, but now what about it? Tao Hui is unwilling to assign Wang Nuo to the futures research department, and other plans have almost been shelved, so it is strange that there is no other thought in this.

"I hope the market develops as I expected, otherwise it will ......" Wu Xuan's pressure was very great, and the thoughts in his heart were also very dark: "Don't blame me." ”

On the 7th, there are no major changes in the market.

On the 8th, Wednesday, early in the morning, the securities research department was still calm, but the futures research department almost began to blow up the nest.

North America continues to have high temperatures, no precipitation in major planting areas, and this phenomenon is expected to continue, the agricultural futures market has launched a long and short strangulation, the relative high level has formed a hedge, and the expansion of trading volume has made the participants in the futures market have raised their hearts.

As soon as the international market moves, the domestic market will naturally not escape.

As soon as the customer moves, the Futures Research Department of Wanli Financial Research Institute will definitely not be able to stay out of the matter.

As soon as Wu Xuan moved, Wang Nuo waited for the opportunity.