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San Francisco Onion Futures Company

398 points · 179 comments · z-mach9

  1. charcircuit · · focus · HN ↗
    >and for hedging risks associated with weather and market fluctuations

    Why don't existing futures cover this? Are onions unique in how sturdy they are? You can use derivatives of the weather itself even.

    1. tesseract · · focus · HN ↗
      Because, specifically for onions, it's infamously illegal in the US (as the site alludes to).
      1. charcircuit · · focus · HN ↗
        It's not illegal for onion farmers to buy weather futures.
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