31May2016
Ward Aguilar Financial Trivia
by Bryan Ward, CFP®, CIMA® in Best Practices

Which was the only commodity to be banned by Congress from being traded on the Chicago Mercantile Exchange?

A. Butter

B. Potatoes

C. Milk

D. Onions

Answer: D – Onions were banned in 1958 when, at the time, Congressman Gerald Ford supported the Onion Futures Act after a couple of traders (Siegel and Kosuga) manipulated the pricing of onions in 1956.

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