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@dicki
The US Congress was forced to bring in the Onion Futures Act in August 1958 which banned trading in onion futures on the Chicago Mercantile Exchange. Onion prices had swung wildly in 1955 from $2.75 per bag to just 15 cents little more than the price of the bag holding the onions.
US farmers had alleged traders were attempting to corner the onion market, which led to the act being passed.
Onion futures .... well I never
Nice article on people trying to corner commodity markets
http://www.telegraph.co.uk/finance/commodities/8543069/From-Mr-Copper-to-Choc-Finger-famous-commodity-squeezes.html