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San Francisco Onion Futures Company

398 points · 179 comments · z-mach9

  1. PowerElectronix · · focus · HN ↗
    I can't wait until someone tries to corner the market, holds a shitton of future onions, the onions go bad and the market implodes showing that future contracts on perishable items is generally a bad idea.
    1. chadgpt6 · · focus · HN ↗
      That's half the reason we have futures contracts. If they were only on nonperishable goods you could just buy the goods and store them in a warehouse. Futures contracts allow you to do something similar with perishables.
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