Talk:Onion Futures Act

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Untitled[edit]

The article says "This law [the Onion Futures Act] is notable as the first and only ban on the trading of futures contracts of a specific commodity in United States history".

This will soon not be true: http://www.thewrap.com/movies/column-post/congress-ready-put-final-nail-movie-trading-coffin-19265

A more practised wikipedian than me can change the article accordingly.

Yes, this is another ban: http://www.thewrap.com/movies/column-post/obama-signs-financial-reform-including-movie-futures-trading-ban-19417

Here is the problem with foodstuffs being traded in futures. It isn't the volatility that is the issue for the consumer. It is the constant rise of prices that accompanies trading. The onion prices fall back to a mean. The oil prices and some foods continue to march higher with less volatility. That is not helpful to economic recovery, for prices to continually march upwards. Speculation allows for that constant increase, with momentum increases being normal. Look at $147 per barrel oil. It has been said that oil is not worth more than $70-80 dollars per barrel, according to Seeking Alpha.|bgamall|