On Saturday, July 8, Hong Kong time, the wind and waves were calm.

In just one and a half days, Standard Chartered Bank completed the block transaction in the form of over-the-counter capital allocation with the $1.2 billion entrusted by Ji Cheng to buy short soybean futures contracts with 10 times leverage from hundreds of different legal entities or individuals.

It was also on this day that Ji Cheng flew to Xiangjiang with the senior executives of Huajin Capital in full view.

Subsequently, the major consortia were convinced that they had predicted Ji Cheng's movements, and under the pressure of the media's revelations and Ji Cheng's "ready to shoot", they all entered the market with capital!

Countless funds poured into the futures market, targeting soybean futures.

Either long or short, the volume of open interest continues to soar rapidly.

And when those capital operations were carried out, Ji Cheng was still on the plane.

The Chicago Board of Trade trading hours are from 9:30 a.m. on Monday to 1:15 p.m. local time on Friday, and other exchanges around the world have slightly different deadlines due to time differences, but basically within 12 or 3 hours.

Ji Cheng's funds have entered HSBC!

All kinds of revelations may make the Chicago Board of Trade investigate net longs!

It's still Friday, and big capitals such as State Street, Vanguard and Citibank, for fear of missing the best time, are frantically buying short contracts.

At the same time, the Rockefeller family is also carrying out the final forced position, they are too short of time, after all, someone broke the news that the Chicago Board of Trade may have soybean futures forced position, if they do not force the position at this time, they will lose all their money and can only bite the bullet.

The inflow of money from long and short positions is simply too large, making soybean prices constantly changing.

Finally, when the global futures exchanges closed trading this week, the capital injection of soybean futures also came to an end.

At this time, the price of soybean futures has risen from 1,123.46 cents to 1,253.21 cents, which is only 30 cents short of the forced liquidation of the short contract that Ji Cheng invested in buying, that is, if the transaction continues, as long as there is any wind and grass, his $1.2 billion will be gone.

Thankfully, the deadline was traded.

Ji Cheng, who rushed to Xiangjiang to meet with HSBC, was shocked when he learned of the situation, he didn't expect the capital to be so crazy, and he was stunned to raise the price by 14 cents in one day.

He was secretly glad that he had used means to force Citibank, State Street and Vanguard Group and other capital to enter the market, if it were not for these big consortia to buy a large number of short contracts, I am afraid that the Rockefeller family invested so much money in the long positions, it is very likely that Ji Cheng has just bought the contract forced to liquidate.

In the financial markets, long and short are one of the most familiar terms for investors, and they represent the power of buyers and sellers in the market, respectively.

In fact, the comparison of long and short in the futures market can be shown by a more intuitive data, that is, net long positions.

What does a net long position mean?

Net long position refers to the difference between long positions and short positions held by participants in financial markets.

It can be obtained by simply subtracting the short position from the long position.

For example, if the total long position in the market is 1,000 lots and the total short position is 500 lots, then the hedging between the long 500 lots and the short 500 hands is equal to zero, and the excess 500 lots cannot be hedged, which is called a net long position.

The size of the net long position is a key factor in driving up the price increase.

A net short position is the same as a net long position, which is a key factor in dampening price declines.

That is to say, if there is no State Street Group, Vanguard Group and Citibank and other forced funds to enter the market, the short contract bought by Ji Cheng may be blown up by the Rockefeller family, after all, people have invested more capital in soybean futures and have more positions.

HSBC.

Ji Cheng, accompanied by Uncle Tong, met John Pang and the heads of HSBC.

In the conference room, negotiations are underway.

Although HSBC asked for a relatively high handling fee, Ji Cheng still agreed, which made the general manager of the company who came with him, Steve. White didn't understand.

Ji Cheng said the last request, "I have only one request, that is, when the market opens on Monday, you must buy short contracts as soon as possible." ”

John Pang is a representative of HSBC, he didn't expect Ji Cheng's request to be so simple, and immediately said with a smile: "No problem." ”

"Okay, then let's sign the contract." Ji Cheng said "seemingly" thought of something again, and added, "If there is an accident due to irresistible factors, such as the suspension of futures trading, or a major change, then this transaction will be stranded for the time being, and you can't charge me any fees." ”

John Pang smiled: "This is natural, if the deal is not reached, we will not charge." ”

Ji Cheng smiled, laughing very happily, he stood up and stretched out his hand and said, "Then we have a good cooperation?" ”

John Pang also stood up and held his hand, "Happy cooperation." ”

The contract was then signed.

After signing the contract, Ji Cheng took Steve with him. White and Uncle Tong left HSBC.

……

In the car.

Ji Cheng and Uncle Tong were still sitting in the back. White in the passenger seat.

As for Huajin Capital, the other entourages were arranged by Uncle Tong to go to the hotel in other cars.

"Mr. Cheng, please forgive me for taking the liberty of asking." Steve. White couldn't hold back and said: "The handling fee charged by HSBC is much higher than that of the financial institutions in the beautiful country, why don't you let me make a counteroffer so readily?" ”

Uncle Tong was also quite curious: "Yes, Chengzai, I don't understand your actions very well." ”

Ji Cheng said with a smile: "Because...... The deal will not work out. ”

"Huh?"

"Won't this deal go through?"

Steve. White and Uncle Tong were both confused by this.

Ji Cheng snorted, "I can't tell you the specific situation, you will know then." ”

Really?

Won't work out?

Uncle Tong and Steve. White was skeptical.

The car was still driving slowly, and Ji Cheng asked the driver to send him to see Ji Aiguo and Qin Xiaohui, he didn't seem to care about the soybean futures at all, and just wanted to play here for a day or two.

……

In the Rockefeller Manor.

Lawrence who didn't sleep all night. Rockefeller looked extremely angry at the moment, and he yelled into the phone, "What are you guys eating? Tens of billions of dollars of funds smashed into it failed to force positions? ”

On the other end of the phone came the voice of a timid middle-aged man, who seemed to be very afraid of Lawrence. Rockefeller, "Mr. Lawrence, really don't blame us for our incompetence, but there is a lot of money to buy short contracts today, not just the Chicago Board of Trade, but all the eleven exchanges around the world that do soybean futures, so ...... That's why I didn't succeed in forcing the position. ”

Lawrence. Rockefeller's face turned red with anger, and he scolded: "Waste! You shit! ”

The middle-aged man didn't dare to say much, just remained silent over there.

Lawrence. Rockefeller continued to speak into the phone for nearly five minutes before calming down a little, and he gritted his teeth and said, "Find out who is against us?" ”

"It was found out that it was Citibank, Vanguard Group and State Street Group, the three main forces, and some other institutions under the consortium were also involved in the transaction." The middle-aged man reported the situation, and then he was afraid of Lawrence. Rockefeller scolded again and hurriedly added, "Although we did not completely succeed in forcing the position, there are still many retail investors who are short and forced to leave the market by us, but they may not make as much as we expected." ”

"Fack!" Lawrence. Rockefeller scolded again, "These-like consortia are actually against me at this time!" ”

The middle-aged man said, "They don't have to target us, right?" After all, the price of soybean futures has now reached the highest peak in history, and the market has an oversupply of soybeans, so they may simply want to force a position, but the reverse is the opposite of us. ”

Lawrence. Rockefeller sneered, "You still underestimate those conglomerates, they are simply coming for me." ”

He still didn't say a word, for fear that the consortiums would find out that he was behind the Fuzz Company's forced position, for fear that the Rockefeller family would make a lot of cash and return to Chase.

Although the Rockefeller family still directly and indirectly holds a large number of shares in Chase Bank's parent company, Chase Manhattan Company, it is still important to have a stake in Chase Bank's parent company. Rockefeller left Chase Bank, and the Rockefeller family's right to speak in Chase Manhattan gradually lost, and it cannot be said that it was lost, but many decisions are no longer decided by the Rockefeller family.

Before David. When Rockefeller was still alive, the Rockefeller family still had a relatively heavy say in Chase Manhattan.

It's a pity for David. Rockefeller is dead.

In just one month, the Rockefeller family's voice in Chase Manhattan has fallen to a freezing point.

For example, in 1986, when David. Although Rockefeller is no longer the chairman of Chase Manhattan, he still relies on his strong influence within the company to make the company the foundation of the Rockefeller family. Rockefeller Securities.

But just two days ago, Lawrence. Rockefeller wanted Chase Manhattan to infiltrate Blackstone again with capital, but the board of directors opposed it.

In fact, under the joint efforts of the Rockefeller family and the First Boston consortium, they have already controlled a lot of shares of Blackstone Financial Management Company, a subsidiary of the Blackstone Group. Rockefeller was still unhappy with the board vote, because he knew that without more control over Chase Manhattan, the Rockefeller family would most likely be ousted by other shareholders in the coming years.

So Lawrence. Rockefeller desperately needed a lot of money to regain more equity in the company and increase his voice, after all, Chase Manhattan was an important tool for the Rockefeller family to influence the economic lifeblood of the beautiful country.

"So what do we do now?" The middle-aged man hurriedly asked.

Lawrence. Rockefeller took a deep breath and said decisively: "Soybean futures can no longer be forced to close their positions on Monday." ”

The middle-aged man said, "Okay." ”

Hang up, Lawrence. Rockefeller let out a long sigh, alas, although he made a lot less money, if he continued to force his position, it was very likely that he would be investigated by the Chicago Board of Trade.

……

John. Li De, John. Borg and Lynn. The three chairmen of the three major groups are on a conference call.

"Lady Elsenhans, how's your situation going over there?"

"It's all done."

"Borg, why did Vanguard Group end up making so little investment? Only half of us Citibank? ”

"Oh, I didn't have time to operate, let's buy a short contract on Monday."

"It's too late on Monday, when we will close all the long contracts we bought before, in order to achieve the purpose of shorting and forcing long, hehe, Borg, Vanguard Group may have to make a lot less money this time."

"Alas, Mrs. Elsenhans, the group of people under me can't do anything, I really envy you State Street and Citigroup are all elites, and they have completed the purchase of billions of dollars in short soybean futures contracts in one day."

The three of them had an exchange meeting.

Finally, John. Li De ended the final discussion of the three groups with one sentence, "On Monday, let's close the long contract we bought before to form a short force, and then as long as the price drops by more than 20%, we will take the initiative to close the position and leave." ”

Futures can be closed at any time, John. Of course, Li De wants to make more money, but before the short soybean futures eucalyptus has been dominated by Ji Cheng, and now Ji Cheng and they look like they want to eat alone, they really don't know what price to maximize the benefits, so they choose the safest method, that is, as long as the price of soybean futures with them drops by 20% during the contract period, they will take the initiative to close the position, so that they may make a lot less money, but at least they don't have to worry about accidents.

"No comment."

"I support leaving the market at this price."

Lynn. Elson Hans and John. Borg agreed.

Before the three of them started to make a profit, they began to think about how to leave.

There is no way, these large financial institutions are generally more stable, if they didn't learn from Ji Cheng's mouth that Fuzi Company was forced to take a position, and knew that the investment could make a steady profit, they would not have thrown so much money at all.

……

Yes, whether it's the Rockefellers, or State Street, Vanguard, and Citibank, they all think they can make a profit and leave the market.

However, things have developed far beyond everyone's imagination!

Overnight, the storm changed abruptly!

July 9th, this day is the Sunday of Xiangjiang time, and the beautiful country time is still on the eighth day of July.

There was news from within the Chicago Board of Trade that they found that several institutions had a large number of positions and attempted to force their positions, and reported it to the Commodity Futures Trading Commission of the United States as soon as possible.

The Commodity Futures Trading Commission immediately set up an investigation team to go to the Chicago Board of Trade.

……

The major consortia immediately received the news, and the Rockefeller family was shocked to learn of the situation. Rockefeller heard one thing from various sources, that is, the investigation team set up by the Commodity Futures Trading Commission of the United States was the first to investigate the Fozz Company!

Lawrence. Rockefeller was in a hurry and wanted to close the soybean futures immediately, but unfortunately, today is Saturday, and the futures in his hands cannot be closed, so he can only wait until Monday.

But when the daylily is cold on Monday, everyone knows that as long as the news of the investigation by the Commodity Futures Trading Commission of the United States comes out, the price of soybeans will inevitably plummet, and the Rockefeller family will definitely lose a lot of money, and even be forced to liquidate and leave the market.

Finished!

It's over this time!

Lawrence. Rockefeller's heart was cold, he never thought this would happen!

Lawrence the Powerless. Rockefeller sat slumped on the sofa in the living room, his eyes became extremely empty, he knew that tens of billions of dollars might be gone like this, without this money, he would not be able to regain control of the Chase Manhattan Company, and when other capital intervened, the important tools of the Rockefeller family to influence the economy of the beautiful country would really be taken away by others.

……

State Street, Vanguard and Citibank were also the first to get inside information.

It's just that they didn't take it to heart, because the current news is that the investigation of the long position anomaly.

Even the three major groups secretly rejoiced, because everything in the current development is exactly the same as the blueprint that Ji Cheng had drawn with them before, that is, the next long position will be severely punished by the Commodity Futures Trading Commission, and when the price of soybean futures falls, they can take advantage of the chaos to make money and leave!

……

The time came to July 10 at about 7 o'clock in the evening, and Xiangjiang time was about the morning of July 11.

The U.S. Commodity Futures Trading Commission investigative team has published an anomaly in soybean futures.

According to the Commodity Futures Trading Commission, as of July 10, the long position of soybean established by Fozz has reached 100 million bushels, which is more than 30 times the limit of speculative trading positions, and this figure is also more than 20 times the limit of positions of other market participants!

As soon as this news came out, the whole United States was shocked!

The Rockefellers, for their part, had expected this to happen, so they weren't so frustrated.

On the contrary, it was State Street, Vanguard and Citibank who were encouraged to finally get the results they wanted to see!

However, before State Street, Vanguard and Citibank had time to celebrate, the Commodity Futures Trading Commission released another piece of information, this time related to short positions!

And the list of companies that State Street, Vanguard and Citibank each launched to buy short contracts is in this message!

State Street Group short position 40 million bushels!

Citibank short position 42 million bushels!

Vanguard is a little less, but it's almost 20 million bushels!

When the three major groups saw it, they immediately realized that something was wrong, and hurriedly wanted to settle the matter through various channels and relationships.

But before they could act, the Commodity Futures Trading Commission issued another decision on the most severe punishment in history!

First, stop all new trading in companies with short or long positions of more than 3 million bushels.

Second, trading in soybean futures was suspended on July 11.

Third, starting with the opening of trading on July 12, any individual or legal entity with a short or long position in the July soybean contract with more than 2.5 million bushels must cut its position and reduce it by at least 25 percent on each subsequent trading day.

Fourth, increase the margin on the positions of any individual and corporate accounts with long or short positions exceeding 2.5 million bushels!

As soon as the result of this punishment came out, the global futures market was in an uproar!

No one expected the punishment of the Commodity Futures Trading Commission of the United States to be so severe!

The people of State Street Group, Pioneer Group and Citibank are even more shocked and stupid!

However, the more shocking is yet to come!

At the same time, the Tokyo Grain Exchange announced that soybean futures were abnormal and launched an investigation!

The Brazilian Futures Exchange also announced that it has launched a comprehensive investigation into the anomaly of soybean futures!

Then all the eleven exchanges in the world that carry out soybean futures announced that there are anomalies in the long and short positions of soybean futures, and they will be suspended on Monday to investigate!

Global soybean futures suspended!

The most severe investigation is in full swing!

Pioneer Group, Citibank, State Street Group, Rockefeller and other large groups and consortia involved in soybean futures trading, all have a premonition of what terrible things will happen next, they are all like thunder, and the senior management is cold one by one, as if the end of the world is coming!

……

It's different from these consortia who were all stunned by the thunderbolt from the blue.

At this moment, Ji Cheng in Xiangjiang is very leisurely, he is choosing a wedding dress with Ji Aiguo and Qin Xiaohui in the wedding dress shop.

"Patriotic, how about this wedding dress?"

"It's too revealing, I'm afraid Cheng Lin won't be happy to see it."

"Where's this one?"

"Xiaohui, look at how much it is."

"Patriotic, what are you doing here? I, the eldest brother, have told you all the expenses of the wedding, are you still reluctant to spend money? ”

"Hehe, big brother's money is also money, I have to save you a little."

The three of them chatted while looking at the wedding dress.

Suddenly, the mobile phone that Ji Cheng bought temporarily in Xiangjiang rang, and he picked it up and connected it.

Bao Yugang's frightened voice came from the other end, "Mr. Ji, the futures exchanges that trade soybean futures around the world have launched investigations on soybean futures, what should I do?" ”

Ji Cheng's eyes lit up, and he hurriedly asked, "Have you all started investigating?" ”

Bao Yugang snorted, still very worried: "The Chicago Board of Trade has issued the most severe punishment, although the short contracts we bought for you have not reached the penalty position limit, but I am still very worried, afraid that it will be affected." ”

Ji Cheng smiled and said, "I'm not worried, what are you worried about?" ”

Bao Yugang thought about it for a while, "Okay, then I won't bother you, I will contact you if there is a situation." ”

"Hmm."

Hung up.

Ji Cheng smiled very happily.

Ji Aiguo found out, he blinked his eyes and said, "Big brother, is it a good thing that you smile so brightly?" ”

Ji Cheng laughed and said, "Yes, there is a great good thing!" ”

Ji Aiguo snorted and guessed, "You also want to get married?" ”

Ji Cheng almost choked to death by this, Nima, in your opinion, getting married is a great thing?

Qin Xiaohui became nervous when she heard this.

Ji Cheng rolled his eyes and explained: "What is not married, your eldest brother and I are going to make money again." ”

Qin Xiaohui breathed a sigh of relief and asked curiously, "Brother Ji, how much can you earn this time?" ”

Ji Aiguo was also interested in watching him.

Ji Cheng smiled slightly and said slowly: "Astronomical." ”

When he said this, he was actually a little worried in his heart, that is, the situation that Bao Yu just called and said was completely different from the information he had collected from modern society, Ji Cheng really didn't know if he would be implicated because of this, but according to the information released by the Chicago Board of Trade, there should be nothing wrong.

I just don't know how those consortia are reacting now.

Ji Cheng felt the need to call over to stimulate those consortia, well, it was better to wait for the global futures exchanges to announce the penalty decisions and make sure that he was okay to stimulate those consortia with heavy losses.

He really wanted to see if the consortia that wanted to make him a wage earner would be furious.