San Francisco Onion Futures Company
6 hours ago
- The San Francisco Onion Futures Company offers private, transferable contracts for future physical delivery of yellow onions, sold up to 6 months out at prices from 3 to 12 USD per onion.
- Contracts are legal because the company is not a 'board of trade,' bypassing the U.S. ban on onion futures trading.
- Delivery occurs in the first week of the contract month, arranged by the company; third-party delivery is available for areas outside San Francisco, Toronto, Seattle, and Chicago.
- Prices are recalculated daily using a proprietary algorithm, and payments are accepted via Stripe.
- Contracts can be resold or transferred via unique keys; owners can update contact or delivery info through a contract management page.
- No refunds or cash settlements are offered; contract owners bear risk even if delivery fails.