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Chicago Board of Trade v. Christie Grain & Stock Co., 198 U.S. 236 (1905), was a decision by the United States Supreme Court, which upheld sales of American grain for future delivery provided for by the rules of the Chicago Board of Trade of the state of Illinois. Justice Oliver Wendell Holmes Jr. delivered the majority opinion of the court, in which he wrote:People will endeavor to forecast the future and to make agreements according to their prophecy.
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