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The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". [1] In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on ...
Vincent W. Kosuga (January 17, 1915 – January 19, 2001) [1] was an American onion farmer and commodity trader best known for manipulating the onion futures market.Public outcry over his practices led to the passing of the Onion Futures Act, which banned the trading of futures contracts on onions.
In the late 1950s, United States onion farmers alleged that Sam Seigel and Vincent Kosuga, Chicago Mercantile Exchange traders, were attempting to corner the market on onions. Their complaints resulted in the passage of the Onion Futures Act, which banned trading in onion futures in the United States and remains in effect as of 2024. [5]
Locally, Sangamon County saw a decrease from July 1 of 2020 to 2023 of 196,144 to 193,491, or 1.35% of the county's population was lost. An aerial view of Springfield is seen on Monday, April 1, 2024.
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The largest by land area is McLean County, while the smallest is Putnam County. Illinois's FIPS state code is 17 and its postal abbreviation is IL. What is now Illinois was claimed as part of Illinois County, Virginia, between 1778 and 1782.
Facebook recently banned an ad from a Canadian seed company, claiming the onions in the picture are "overtly sexual." Over the weekend, The Seed Company by E.W. Gaze shared a screenshot of the ...