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  • Chicago magazine

    The Futures of Water

    Jan 16, 2021 2 minutes
    By GRACE PERRY
    Illustration by GILLIAN BLEASE

    THE SETTING

    he Chicago Mercantile Exchange, a.k.a. the Merc. What began as the Chicago Butter and Egg Board in 1898 is now a labyrinthine network for futures trading in sectors including agriculture, real estate, and metals. Futures trading — no shame in not knowing! — is the practice of betting on

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