Two Men Manipulated Onion Market, Triggering Price Plunge for Profit

1 articles · Updated · Chicago Tribune · Jul 19

Two men drove onion prices sharply lower by flooding the market after placing bets that the commodity would fall.
The scheme worked by pairing a large onion release with bearish positions, letting them profit as the glut pushed prices down.
The case centers on market manipulation in a basic food commodity, showing how control of supply can be used to distort prices for private gain.