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| Water futures trade on the stock market now (Page 1/1) |
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2.5
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JAN 28, 04:43 PM
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Strange?
https://www.bloomberg.com/n...ng-fears-of-scarcity
"Water joined gold, oil and other commodities traded on Wall Street, highlighting worries that the life-sustaining natural resource may become scarce across more of the world.
Farmers, hedge funds and municipalities alike are now able to hedge against -- or bet on -- future water availability in California, the biggest U.S. agriculture market and world’s fifth-largest economy. CME Group Inc.’s January 2021 contract, linked to California’s $1.1 billion spot water market, last traded Monday at 496 index points, equal to $496 per acre-foot......"
more at link
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maryjane
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JAN 29, 09:19 AM
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at that valuation benchmark, 1 gal of water is worth $0.00152USD.
or $0.0638 (6¢) per barrel.
An acre foot is 325,851 gals.[This message has been edited by maryjane (edited 01-29-2021).]
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TheDigitalAlchemist
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JAN 29, 11:14 AM
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2.5
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JAN 29, 05:32 PM
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| quote | Originally posted by TheDigitalAlchemist:
Almonds, am I right? |
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Probably more like Ducks?
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cliffw
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JAN 29, 10:25 PM
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