41 points z-mach9 46 minutes ago 10 comments
Barbing 26 minutes ago | parent
>Is this legal?
>Yes, to the best of our knowledge. 7 U.S. Code § 13-1 prohibits "contract[s] for the sale of [...] onions for future delivery [...] on or subject to the rules of any board of trade in the United States." The San Francisco Onion Futures Company is not a board of trade, defined as an "organized exchange or other trading facility". We sell contracts privately to individual buyers, and do not operate any exchange or secondary market.
Performance art against that law?
Also November onions are an absolute steal compared to the adjacent months!
hyperhello 12 minutes ago | parent
I hate to argue but then what would they define this as, if not an organized exchange or other trading facility?
quirkot 9 minutes ago | parent
cwal37 25 minutes ago | parent
https://en.wikipedia.org/wiki/Onion_Futures_Act
(which also banned box office receipt futures)
A fun thing is to go on FRED and make a graph with prices from onions and, say, corn to see the differences in volatility.
not-my-account 23 minutes ago | parent
wocram 15 minutes ago | parent
yieldcrv 5 minutes ago | parent
ElProlactin 5 minutes ago | parent