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Discussion: (3 comments)

  1. Allan Packer

    Several issues come to mind with your chart:
    -why compare a product with a yearly growing cycle with a resource with no growing cycle?
    -would it not be more instructive to show 10 years of no restrictions vs restrictions of onions?
    -you graph shows no oil price change in 10 yrs…simply not true.
    Back to the drawing board fellas.

  2. Allan,
    The chart is % Change in MOM prices, showing the volitality of prices.
    You have some fallacious arguements. First, oil is very cyclical. Second, in 1958 onion’s were outlawed from futures trading in the US. So 10 years of restirctions vs non restrictions would be difficult. I can not find a data source going back that far.
    Maybe the FDA has data.
    This is not a graph that is indexed or YOY or cumalitive growth it is simply vol swings.
    I believe you should go back to the drawing board.

  3. And as a consequence of this heavy-handed regulation, every year, during the months of dire onion shortage, Americans line up outside supermarkets in the hope that they’ll be one of the lucky few who can bring an onion home for their children that night.

    If only speculators were involved, then America would have a thriving market of greenhouse onions – so every man, woman and child would be able to afford their required onion-intake all year around.

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