Chapter 376: Squeezing Out the Position
Yuzhou, Luoyang
On the second day, Ji Wuyin ordered to sell 20,000 shi of grain to Nanyang, and the price was still 240 wen per dou.
The Yuzhou Grain Merchants Association continued to buy in.
After Xie Zhan, who was in Runan, learned about it, he ordered, "Follow up! We will sell 10,000 shi of grain to Nanyang at the same price."
The Yuzhou Grain Merchants Association reacted a little slower, and then also bought in.
Liu Xiaohuai: "Someone in Runan followed us to sell grain."
Ji Wuyin said, "It should be Xie Zhan, Gu Huaisheng, Lu Fei and others, don't worry about him."
Xie Zhan, Gu Huaisheng, Lu Fei and others could not leave the south quietly, not to mention carrying so much money and grain.
The people of their Ji family who stayed in the south had already reported their unusual movements.
This move by Xie Zhan and others will accelerate their goal.
On the third day, Luoyang sold 30,000 shi.
Xie Zhan sold 20,000 shi in Runan.
The Yuzhou Grain Merchants Association bought in both sides.
Ji Wuyin looked towards Xuchang, "90,000 shi, how much more can Yuzhou Grain Merchants Chamber of Commerce take in?"
Yuzhou, Xuchang
In the Grain Merchants Chamber of Commerce, Che Jiuming looked grim, "How could so much grain come out all of a sudden?" Or two places!
The others looked at each other, they had taken in a total of 90,000 shi of grain in three days.
They needed to spend 24,000 taels for every 10,000 shi of grain. In just three days, they spent 216,000 taels, just three days.
"President, if there is more grain to be sold in Luoyang and Runan tomorrow, what should we do?"
A member of the Chamber of Commerce asked their most troublesome question. In order to scrape the land in Nanyang, they had all the grain in their hands and not much money. They just hoped to cash in the grain at a high price. Now they have raised the price of grain, and it has become others who are cashing in.
"Eat it!" Che Jiuming said coldly.
The others looked at each other and had no objection. Because they knew that if they didn't eat it, the price of grain would fall, and all their efforts would be in vain.
Liaodong County, Pingguo County
Lv Songli learned that Ji Wuyin had already started to implement the plan.
Her operation plan was formulated in response to the situation in Nanyang.
In the business wars of later generations, Fan Zhongyan's eternal conspiracy and the famous battle of Zhongliang Reserves are both classics.
The former is about when Fan Zhongyan was in charge of Hangzhou, he encountered a disaster year, and the local wealthy businessmen united to raise the price of grain. He did not have much grain for disaster relief, and his predicament was similar to Zhang Xian's current situation.
He thought of a way at the time to directly purchase a large amount of grain from grain merchants at a price higher than the price set by grain merchants, and the wealthy merchants happily sold the grain to Fan Zhongyan at a higher price.
Fan Zhongyan's move attracted a lot of scolding from the people, but he did not defend himself and still bought grain at a high price.
Because of his approach, the news that Hangzhou had the highest grain price spread like wildfire. In the next month, grain merchants from all over the country transported grain from all over the country, and the docks and post stations in Hangzhou were full of ships and vehicles transporting grain, and they wanted to take the opportunity to make a fortune.
Fan Zhongyan knew that the time was ripe, and immediately decided to stop purchasing high-priced grain, and opened warehouses to release grain, and released a large amount of free grain, causing the grain price in Hangzhou to plummet. At this time, if grain merchants from all over the country transported grain back, they would lose more, and they had no choice but to sell grain at a low price. In this way, the grain price in Hangzhou stabilized.
Lu Songli discovered that Che Jiu Ming, the president of the Grain Merchants Association of Yuzhou, had brains and means.
Today, the Yuzhou Grain Merchants Association has raised grain prices, but it has not caused grain merchants from many places to rush in with grain to compete with them for food.
All because he set the price of a dou of rice at 260 wen.
This price allows the members of the Grain Merchants Association headed by Che Jiu Ming to make as much profit as possible, without causing grain merchants from all over the country to flock in. After all, it would increase their costs and losses for grain merchants from all over the country to transport grain to Nanyang. The price of 260 wen a dou of grain is not attractive enough for foreign grain merchants, after all, the current grain price is not low anywhere.
After talking about Fan Zhongyan's eternal conspiracy, we have to mention the famous battle of China Grain Reserves Corporation.
In fact, the famous battle of China Grain Reserves Corporation is more exciting. In 2008, foreign businessmen wanted to control the Chinese grain market so that they could dump grain at high prices. China and foreign countries played a game. China wanted to stabilize grain prices and kept selling grain reserves, while foreign businessmen kept buying Chinese grain.
Foreign businessmen thought that when they completely bought up China's grain reserves, China's grain prices would be decided by them.
But China Grain Reserves Corporation's reserves were too unpredictable, and foreign businessmen could not eat them all. In the later stage of the game, China Grain Reserves Corporation's grain selling posture still showed no signs of weakness. Foreign businessmen were afraid and dared not buy grain anymore.
After the failure of the foreign businessmen's strategy, in order to avoid greater losses, they had to sell the grain in their hands as soon as possible at a low price. Because China Grain Reserves Corporation has been selling grain and constantly lowering grain prices, if they do not sell, they will lose more.
Foreign businessmen continue to sell their grain, and China Grain Reserves Corporation will buy back the grain at a low price. With this in and out, Sinograin made a lot of money, fought a beautiful defensive battle, and became famous because of this battle.
Now in the battlefield of Nanyang, if they do the same as Fan Zhongyan, they can certainly solve the Nanyang problem, but wouldn't it be a bargain for those people in the Yuzhou Grain Merchants Association? Let those people in the Yuzhou Grain Merchants Association sell grain at a high price as they wish.
In the end, the grain merchants from all over the country suffered.
People saw the business opportunity and transported grain to Nanyang from thousands of miles away, hoping to sell it at a high price. What's wrong with that?
The trading plan formulated by Lu Songli this time actually combined the essence of the two battles.
Since the grain merchants association in Yuzhou has begun to raise grain prices significantly, it means that the other party has completed the work of absorbing funds.
They must have hoarded a lot of grain in their hands, waiting to cash it out, so it can be inferred that they don’t have much silver in their hands.
Ji Wuyin sold grain in order to force the other party to buy it, take out the other party’s cash, and squeeze their positions at the same time.
When all the members of the grain merchants association in Yuzhou had grain in their hands and no cash, and Nanyang was still stubbornly supporting it, and it did not reach their expected state, they were asked if they were panicking? If there was a little disturbance later, tut tut.
Moreover, the wealthy merchants in the grain merchants association are not a monolithic entity. As long as the method is right, they can always tear a hole.
Even if the operation fails and the plan is not as expected, the silver they got from selling grain at a high price of 240 coins is always real, right? At most, they can use the silver to buy grain from other places and transport it to Nanyang, and the lives of the victims can always be saved.
With the premise of being able to cover the bottom, the next step is to do it.