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Futures Contracts facts

While investigating facts about Futures Contracts Explained and Futures Contracts Contrast With Forward Contracts By, I found out little known, but curios details like:

Thales was asked why he was poor if he was so wise. As a rebuttal he cornered the olive market and invented futures contracts.

how futures contracts work?

In 1979 a group of farmers in China decided to split up their communal land to individual families in secret. They signed a contract and the plan was a massive Success and was a future model for the rest of China.

What is basis in futures contracts?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what are oil futures contracts. Here are 7 of the best facts about Futures Contracts Oil and Futures Contracts Vs Forward Contracts I managed to collect.

what are futures contracts?

  1. It's illegal to trade futures contracts for onions

  2. Recording contracts include a clause guaranteeing their rights in this and any other universe on any media technology that currently exists or may exist in the future.

  3. Elon Musk starting digging a tunnel in the middle of LA because he was sick of traffic. He named the company "The Boring Company." The company will start working on government contracts in the future.

  4. West Texas Intermediate (WTI) which is the underlying commodity of New York Mercantile Exchange's oil futures contracts is also known as Texas light sweet. Light because of its relatively low density, and sweet because of its low sulfur content.

  5. Futures contracts on onions are illegal in the US.

futures contracts facts
What kind of assets are traded using futures contracts?

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