5 ms·
Futures contracts on commodities necessarily assume fungibility of the underlying commodity!
by zamfi 4y ago
Futures contracts on commodities necessarily assume fungibility of the underlying commodity!
- roflc0ptic 4y agoI think the issue is: are tomatoes fungible for onions? What about garlic, or leeks? Or shallots? Just some pretty fuzzy categories.
- lapetitejort 4y agoBest way to find out is to try suing someone using the law and see how far the case goes. Let me know how it ends up!
- knodi123 4y agoUgh.... with this activist supreme court, it's not worth the risk. /s
- poulsbohemian 4y agoI totally get that, but I guess that's perhaps part of the conflict between big ag and more traditional farming... or said another way, as a cook, I know the difference between so many varieties of vegetables et. al. and I want very specific types for their unique qualities. But I guess I'm not buying by the ton or train car either.