Dalian Commodity Exchange directly announced that starting from October 10, the soybean No. 1 contract has reached the price limit in the same direction for three consecutive trading days, and the exchange will implement forced position reduction. The specific measures for forced position reduction shall be in accordance with the "Dalian Commodity Exchange Risk The provisions of Article 20 of the Management Measures shall be implemented.

Chen Changliu and Ke Meng were reading the announcement in the study. Chen Changliu was calm and relaxed, and Ke Meng had also been an intern at a futures company for two months, so he was definitely more sensitive and interested in these things.

After reading all the relevant information for a long time, she said to Chen Changliu:

"After three consecutive lower limits, the exchange will generally (force) arrange profitable short orders and loss-making long positions (hanging at the lower limit) to close the positions to resolve risks, but it should have no impact on you."

"I hope so, but no matter what, we did make a profit. This is something to be happy about. Your 10,000 yuan has turned into more than 20,000 yuan. I am a little rich woman. Do you want to treat me to barbecue and ice cream?" Beer!”

"Hehe, for the sake of making money for me, how about I give you some face and treat me to a barbecue? Isn't that grand?"

"Hey, hey, it's the other way around, shouldn't you be the one who invited me?

Well, thank you to the beautiful lady for the compliment! "

After the two were laughing and joking, Chen Changliu ran out of the community to buy a barbecue and a beer, and the two started having sex by themselves in the living room.

"Little man, there are only three days until the 18th. It's no problem. Otherwise, I'd better prepare my family to sell off some fixed assets as soon as possible."

Ke Meng drank some wine and asked a little worriedly. Although the price of selling it as soon as possible would definitely be much lower than usual, it could buy Chen Changliu time.

"It's okay. I know it well. There are already 1.5 million in the futures account. Based on the current situation, it should be no problem to break through 2 million in two days.

However, due to the limited daily limit in these three days, the speed of making money did not meet my expectations, which will affect the research and development of flower growers' products.

I'll see in two days. If it still doesn't meet my expectations, we can repay 1 million first and then another 1 million after a week. Anyway, usury is easy to negotiate, and it's not as rigid as the contract signed with Lin Hao and his family. During this period Although the interest rate is high, it is nothing compared with the futures market. "

In fact, Chen Changliu is conservative. If he was bolder and found someone to allocate some funds, he could make money much faster than now. He thought about it, but gave up.

First, because futures financing falls within the scope of regulatory crackdowns and is too risky.

The second is that he only knows the general trend, but does not know when it will plummet. After allocating funds and using 10 times the leverage, his position will be liquidated by accident. It is not as safe as now.

After listening to Chen Changliu's words, Ke Meng felt much more at ease. She had watched Chen Changliu's account grow from 170,000 yuan to more than 1.5 million now, in just over a month.

Thinking of this, she looked at Chen Changliu with eyes full of love.

Chen Changliu also understood Ke Meng's eyes, and said coquettishly: "What do you think, senior sister, do you think I'm sunny, handsome, and capable, and then you fell in love with me deeply, or are we? It’s been a long time since I’ve been in love.”

Ke Meng was immediately off guard by Chen Changliu's words. He rushed over to him, sat down on him, and bit down.

"ah......"

The scream was so pitiful that those who didn't know thought he was being treated inhumanely. Ke Meng also thought he bit too hard, but at first glance, it was just tooth marks and the skin was not broken.

As the ancients said, fullness and warmth lead to lust and lust. The more the two of them eat and drink, the hotter their bodies become. Even the air conditioner cannot suppress their enthusiasm.

After a long time, the room gradually calmed down.

...

Sure enough, driven by the soaring futures price of CBOT (Chicago Futures Trading Market), the Dalian market continued to fully seal the daily limit on October 14 and 15.

According to regulations, the Dalian Commodity Exchange will deal with all short positions of customers who have insufficient margins and those who have declared to close their positions but failed to do so, and whose unit net position loss is greater than or equal to 5% of tonight's settlement price, and the long positions with larger profits. Hedging, forced lightening.

At tonight's closing settlement, the exchange, in accordance with risk management methods, carried out forced reduction of a large number of positions accumulated at the daily limit of Lian Dou. The positions of 0401, 0405 and 0311 contracts were forced to be reduced by 98610 hands, 84284 hands and 25452 hands respectively.

After the forced reduction of positions, the total holdings of Lian Bean decreased to 426,156 lots on that day, and the positions in each contract were less than 100,000 lots. The huge floating profits of the market's main bulls are cashed into actual profits after settlement on the day.

When they woke up the next morning, neither Chen Changliu nor Ke Meng went to the company or school. They sat in front of their laptops in the study room early.

There was still some time before leaving the market. Ke Meng said while browsing relevant information:

“Are you still optimistic that soybeans will continue to rise?

Under normal circumstances, after the main players in the market win and finally realize profits, the market will adjust for a considerable period of time, and market trading interest will also become light due to the withdrawal of large funds.

But this time the situation is different. The market situation is dominated by the strong support of positive macro fundamentals, and there is almost no reliance on funds to manipulate the market.

Judging from the current spot prices in the international and domestic markets, the current futures price of beans should be said to be on the low side. The main bulls are passively cashing in profits under the restrictions of exchange rules.

Since the tight spot supply of soybeans caused by the sharp reduction in US soybean production will continue at least until mid-2004, the main bulls are still likely to return to the market and go long again after being forced out.

However, technically speaking, after more than two months of sharp rise in CBOT (Chicago Board of Trade) soybean futures prices, the current price is already high, and objectively there is a need for adjustment in futures prices. Although the Dalian Commodity Exchange futures price is low, there is the same problem technically.

After the US Department of Agriculture's monthly report in October, the US soybean production has been roughly determined. The subsequent monthly report is only a minor adjustment, and the factors of reduced production should be basically digested.

So I think soybeans will continue to rise, but the space should not be very large. ”

PS: Typos will be corrected first and then corrected.

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