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Chapter 39 Grain Price Collapse

"Da da da da da da da da..."

The violent sound of horse hooves rushed into Changlefang like raindrops. The knight on the horse was urging his horse as crazy as he was running. The good horse below was foaming at his mouth and overwhelmed...

“Buy, buy, buy…”

Next to the futures trading counter, a group of grain traders looked ferocious, shouting, or spitting, all with red eyes, staring at the numbers on the blackboard. At this time, the grain price had dropped from 86 to 80, and the exchange was anxiously urging them to pay a new round of margin.

On the blackboard, the total 5,000 orders of selling orders were pressed tightly at 80. How much is the 5,000 orders? 250,000 stones, a total of 400,000 coins! It is enough for everyone in Chang'an to eat a month!

Even if it is August futures, only 5% margin is paid, it is 20,000 guan.

"This is not a solution. If the price falls again, our margin will not be enough. Once the position is forced to be closed, the price will rise again, and it has nothing to do with us."

One of the fat businessmen in gorgeous silk had a solemn expression as if they could drip water.

"Strange, the price of this grain is unreasonable, it is unreasonable. It has not been so low in previous years..."

"You still care whether it is reasonable or not. The most important thing now is how to hold on to the price! You have to think of a way."

Next to him, another grain merchant frowned and then turned his attention to the crowd waiting for the lottery draw in the exchange. At this time, the entire exchange was surrounded by people. You must know that the Datang Exchange purchased half a street, covering an area of ​​dozens of acres of land, but was still surrounded at this time. The total number of people was not 100,000, and there must be 100,000 or 20,000 people.

"The price of grain is so low. If everyone is mobilized to buy it, can the seller still bear it? As long as the price rises to more than 84 and exceeds 5% of the deposit, the person who sells short will have to pay the deposit. I don't believe that he has paid tens of thousands of chunks of chunks, how much money can he still pay."

The fat businessman sneered.

"I always think the price of grain is strange. Why did the futures price drop so quickly in August? The spot price didn't move much! I asked the big contractor yesterday, but they didn't say that the price of grain was going to drop."

"What do you still care about spot? Spot is the price in June, and the futures are now in August, which is two months away. Soon, let's ask those people to buy grain, I won't believe it. So many people can't do it!"

"Come and have a look. The grain price in August is only 1.6 knots per shi, and as long as you pay a deposit of 4 knots, you can book a total of 50 shi of grain in advance!"

"Yes, everyone has come to pick up money. In previous years, the price of grain was 1.8 guan per stone. This year, it is so cheap. As long as you book now, you can sell it at that time. You will earn 200 guan per stone every time, and 50 guan per hand! It's the same as winning the prize!"

"Don't miss it when you pass by. There will be no store after passing this village! You can't be fast and you can't be slow! Look, the grain prices have risen, everyone, look..."

"Yes, this price is lower than the food price in August last year..."

"That's great, the food price is so low. Brother, I don't have enough money. Do you have it? Why don't we buy it together?"

“…… Instead of waiting for the lottery to win, it’s better to buy this one. At worst, you can sell it in two months…”

"It's extreme, it's extreme..."

...

The grain futures counter of the Datang Exchange has become more popular than ever before because it is far lower than the market price.

One hand, another, the 5,000 hands on the blackboard were quickly swallowed up...

"It's almost time."

Guan Jinsheng looked at the sun. It was almost noon at this time.

He turned around and walked towards a loft next to him with extremely luxurious interior decoration, knocked outside the door, and walked in after a sound came out of it.

As soon as he entered the door, Guan Jinsheng saw a woman in white dress dancing in the room at first sight, but there was no audience around her.

After seeing the misty dancing posture of a woman in white, Guan Jinsheng couldn't help but see a sentence that Li Chengdao once said in his mind: There is a beautiful woman in the north who is left alone and independent. A smile that will make people fall into the city, and a smile that will make people fall into the country.

He quickly lowered his head and replied respectfully: "Madam Yang, the time is ripe. The prince asked me to inform you that Hongnong Yang can enter the venue."

"knew……"

A voice that was charming to the core and sweet in my heart sounded. Guan Jinsheng's heart trembled for no reason, and he lowered his head and walked backwards out of the attic.

The woman in white jumped into the air silently, kicked her legs straight out, spread her arms, and her snow-white neck rose high, like a white swan flying with wings spreading.

After finishing the air, the woman in white stopped slowly, walked into the inner room and picked up a warm white towel to wipe the fragrant sweat between her hair.

"Li Chengdao..."

A name was muttering in his mouth, and the woman in white had extremely complicated eyes.

After Guan Jinsheng left the woman's room in white, the futures market was in turmoil again, with thousands of hands and thousands of hands smashing down as if they were free of money.

At the same time, on the ordinary counter of the exchange, the people of Chang'an City were screaming and buying with both hands. The numbers on the blackboard continued to fluctuate violently around 80 knots, and the transaction volume continued to expand. If the number of transactions could be successfully delivered in the end, it would be enough for everyone in Chang'an City to eat for several months.

"Da da da da da da da da da da da!"

The sound of horse hooves broke through the crowded crowd. Because there was no time to hide, the knight immediately rushed into the food stall next to him.

"Can you ride a horse?"

"It's so arrogant. There are so many people who dare to ride on horseback!"

"You must meet the official and see, what kind of person is going to be like!"

...

Facing the fingers and fingers, the Knight immediately responded without any response. He just limped and dragged his legs, pushed the crowd away, and rushed to the attic for major customers in the Datang Exchange.

"...Young Master! Hurry, hurry..."

The door was roughly knocked open, and Lawyer Pei couldn't help but frown!

"What's wrong? Why is it so urgent?" The person who came was from the Dou family and Dou Wei's confidant servant. Seeing that he was in a hurry, Dou Kang ignored his injuries and immediately realized that something big happened!

The knight took a deep breath: "The prince presented auspiciousness, hybrid rice with a yield of 7.5 stones per mu!"

"What!"

Lawyer Pei and Dou Kang were both shocked at the same time. What is going on? When will rice that usually produces less than 2 shi per mu be able to produce 7.5 shi per mu? If he is right, if this new type of rice is planted in the next season, the harvest per mu of field will increase several times. Wouldn't the grain price be...

"Give a short order quickly!"

Lawyer Pei and Dou Kang looked at each other and shouted together.

"Young Master, how many short orders are placed? What price is it?"

The person in charge of the operation asked the two of them.

Lawyer Pei looked at the blackboard and, the moment the knight rushed into the door, the anxious scene on the blackboard showed a subversive change, and the fierce short orders appeared again without warning. It seemed that someone was eager to sell the food in his hand, which was a waste of the way.

The price instantly broke the price of 80 coins and went straight to 75 coins. A large number of buy orders were either added to margin, and all those who could not receive margin were forced to close their positions.

"this……"

Lawyer Pei and Dou Kang were both hesitating at the same time. The price has dropped so much. Do you still have to sell short orders? After all, even if there is hybrid rice, it will not be released in August. It is just a mental expectation. In fact, it will be released next year.

"Young Master, don't hesitate! The Grand Secretary's Agriculture Wang Xiu has been put under the prison for high-priced grain. The new crown prince Li Chengdao asked the Ministry of Revenue to do his best to crack down on high-priced grain! When will it take longer to not sell it now? The master has ordered that all granaries be opened to store grain, and the Pei family is also selling with all their strength... All the aristocratic families who received the news are taking action, and the spot price has collapsed, from two guan per stone to one guan per stone, and it is cut in half! I thought of the young master doing grain futures on the Tang Dynasty Exchange, so I came to tell you..."

Before he could finish his words, a large group of members of the East Palace Propaganda Department riding bicycles were already rushing over with their horns high and shouting.

"The prince and grandson Li Chengdao was crowned as the crown prince today and announced to the world..."

"Crown Prince Li Chengdao presented auspiciousness, hybrid rice with a yield of up to 7.5 stones per mu..."

"The prince thought that the price of grain in the court was too high, so he raised objections in the court and accused the Grand Secretary of the Governor Xiu of the corpse and food, which was the culprit of the high-priced grain! His Majesty was furious and sent the Grand Secretary of the Governor Xiu to prison on the spot..."

"The prince advocates that food is for food, not for making money... The court must vigorously crack down on high-priced food!"

...

Lawyer Pei and Dou Kang both changed their faces at the same time and rushed out of the attic.
Chapter completed!
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