These onion prices are quite high! The novelty probably drives up prices. Too bad there isn’t a liquid market for onions
bowmessage 4 hours ago|
Onion soup sounds highly fungible.
SwellJoe 2 hours ago||
Maybe if you put some mushrooms in it.
retube 3 hours ago||
These are not forwards, not futures.
a11ce 2 hours ago|
Yeah, this is pretty much the loophole. They're never actually referred to as futures, but as "private, transferable contracts for the future physical delivery of yellow onions".
rich_sasha 3 hours ago||
I get that it’s a joke, since onion futures are illegal. But isn’t trading all futures regulated?
csande17 2 hours ago|
You're not really trading a future, you're just pre-ordering onions.
theogravity 4 hours ago||
How many onions / lbs does a contract represent?
pjscott 4 hours ago||
A contract represents a set of (quantity, month) tuples, where quantity is an integer greater than zero; that number of yellow onions will be delivered in the corresponding month to the current holder of the contract. The mass of each onion is unspecified, as is the mean and variance of the underlying onion-mass distribution from which they are drawn.
shoo 4 hours ago||
Pricing is per onion. You could order some and weigh them, and report back.
wocram 4 hours ago||
These are 1 onion contracts? Outrageous!
K0balt 3 hours ago|
I know, right! Way overvalued. I’m shorting onions.
briansm 3 hours ago||
The Future's Bright.
The Future's Onion.
dougSF70 3 hours ago||
This is very good.
charcircuit 4 hours ago||
>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.
tesseract 2 hours ago|
Because, specifically for onions, it's infamously illegal in the US (as the site alludes to).
ElProlactin 4 hours ago|
Can we tokenize this or get some prediction markets going on Polymarket?