Eagle Sauce: The 055 destroyer was launched into the sea just after the founding of the country?
Chapter 649 Trapped Beast
"Mistake?" Kakinde sneered, "This isn't just a 'mistake'; it's a catastrophic misjudgment!"
"The price of grain has now been pushed up to 9500 RMB per ton!"
Bentley took a deep breath and quickly calculated in his mind: "9500 RMB... This means that if we want to swallow these 6000 million tons, we need to invest..."
“Over $700 billion!” Kakinde finished for him. “$700 billion! Even if the four of us combined, it would be difficult to raise such cash flow in such a short period of time!”
A terrible fact began to take shape in the minds of the four grain merchants.
They may have fallen into an elaborate trap.
The Dragon Kingdom was not bluffing; on the contrary, they seemed to have been prepared and had sufficient food reserves to support such a large-scale sell-off.
Harber hung up the phone, his face paler than before. "The situation is worse than we imagined. I just got news that some other small and medium-sized grain traders have started to follow suit and sell off, fearing they will be stuck."
Connors slammed his hand on the table. “Damn it! If this triggers a chain reaction, the price could crash!”
An even more terrifying scenario emerged before their eyes: If Longguo's sell-off caused market panic, leading to other countries and grain traders holding grain to sell off as well, then grain prices would plummet, possibly falling directly back to 2500 RMB per ton or even lower.
And they, these four grain trading giants who claim to be market manipulators, will suffer unprecedented huge losses.
Kajender's hands trembled slightly, and his former imperial confidence was gone.
At this moment, he was more like a hunter watching his carefully designed trap backfire on him.
“We must act now,”
Kajender forced himself to calm down.
“First, stop all purchases. Second, we need to diversify the risk as much as possible and start gradually selling off some of the grain we have, but be careful not to cause greater panic in the market.”
Bentley's face was ashen: "Does this mean we have to admit our loss?"
Kajinde gritted his teeth and said: "It's not about admitting the loss, it's about cutting the loss! If we don't do this, the loss will be even greater!"
Harber took a deep breath. "Alexander is right. The most important thing now is to conserve our strength and avoid being completely overwhelmed. We underestimated our opponent's strength and determination."
Connors was still unwilling to accept it: "But this doesn't make sense! How could Dragon Country have so much food reserves? Our intelligence network spans the globe, they can't hide it from us!"
A flicker of painful realization crossed Kajender's eyes.
"Unless... unless they had foreseen this day and had secretly accumulated a large amount of food reserves. Or..."
An even more terrifying possibility suddenly occurred to him: "Perhaps they have already solved the problem of food self-sufficiency and are no longer dependent on the international market for supplies. If so..."
The four major grain traders have fallen silent, a possibility that means the lever they have long relied on to control global food markets - China's food dependence - may no longer exist.
At this moment, Assistant Jackson hurried in, holding a copy of the latest market report in his hand.
"Gentlemen, the situation has changed. The Dragon government has just announced through official channels that they will release a total of 8000 million tons of grain into the international market within the next week in order to 'stabilize the global grain market.'"
This news was like a bolt from the blue, exploding in the lounge.
8000 million tons! This figure is enough to bring international food prices back to the level of five years ago.
Kajender felt dizzy and his legs suddenly lost strength, so he had to hold on to the table to keep himself standing.
"8000 million tons..." His voice was almost trembling, "This is impossible... absolutely impossible..."
Bentley slumped down on the sofa, his face full of despair: "We are finished... completely finished..."
Connors and Harber looked at each other and saw the same fear and confusion in each other's eyes.
They once boasted that they were the controllers of the global food market and arrogantly planned how to use food as a weapon to control the fate of a major country.
But now, they find that they may have fallen into a bigger trap, a trap carefully designed by Longguo that is enough to subvert the global food pattern.
Bentley slumped down on the sofa, his face full of despair: "We are finished... completely finished..."
As time passed, the air in the Empire State Building's executive lounge seemed to freeze.
The New York sun was still shining brightly outside the window, but when it shone on the four grain trading giants, there was no feeling of warmth at all.
Assistant Jackson would bring the latest market updates every ten minutes, and each update was like a stab in their hearts.
The price of grain has risen instead of falling, and has climbed to an astonishing 11000 RMB per ton.
What is even more frightening is that the amount of grain sold by Longguo continues to increase, reaching about 7000 million tons, with no signs of stopping.
Bentley's face turned pale, and beads of sweat rolled down his forehead, wetting the collar of his shirt.
His hands, which had been pampered for years, were now shaking uncontrollably. He could barely hold the crystal glass, and the whiskey inside swayed, spilling a few drops.
"I...I can't go on," Bentley finally broke the silence, his voice so hoarse it was almost unrecognizable. "Louis Dreyfus has lost nearly $40 billion."
“The board just had an emergency conference call and they…they asked me to cut my losses immediately.”
Connors's original upright sitting posture was long gone.
The vice president of Cargill, who usually wears a neat suit and behaves well, is now slumped on the sofa, his eyes dull and his tie loose, as if he had aged ten years overnight.
He loosened his collar with his fingers and seemed to be trying to breathe.
"Cargill can't hold on any longer," Connors said in a low, tired voice. "We've already invested over $120 billion. If Dragon Country does what they say and sells off over 8000 million tons of grain...Oh my God, this is a nightmare!"
Harber, the always cautious old man, seemed the most flustered at this moment.
His glasses were tilted on his nose, his pale face was full of wrinkles, and he was holding the phone tightly in his hand, as if he had just ended an unpleasant call.
“The shareholders of Bunge are furious,” Harber said, his voice trembling. “They’re demanding that I sell my grain immediately and cut my losses while prices are still high.”
"Sell off?" Kakinde suddenly stood up from his seat, his eyes burning with anger. "You actually want to sell off the grain in your hands? Do you know what that means?"
His voice was filled with disbelief and rage, his body was shaking slightly with excitement, and the documents held tightly in his hands were squeezed out of shape.
The grain merchant emperor who was talking big and full of confidence yesterday now looked like a wounded beast, fierce but desperate.
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