this post was submitted on 11 May 2026
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Potato futures soar 700% in less than a month on Iran war speculation (www.euronews.com)
submitted 3 days ago by yogthos@lemmygrad.ml to c/europe@hexbear.net
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[–] vovchik_ilich@hexbear.net 9 points 2 days ago (2 children)

Care to explain?

[–] GaveUp@hexbear.net 18 points 2 days ago

Basically a cash settled futures contract

Idk why it's considerably more fucked up but I'm guessing maybe because there's no physical delivery it serves even less of a purpose for people hedging their physical goods and just blatant financial speculation on prices of goods?

[–] cosmosaucer@hexbear.net 6 points 2 days ago

you bet on whether price go up or down

if right you pocket the difference