Posted 6/3/2019 18:47 (#7539530) Subject: This is the black swan of the corn market for the past 80 years
Planting progress ending June 2nd is a 5 sigma from the median or average, an event that statistically happens once every 81 years, similar to a major economic depression.
And if planting avg comes in under 84% next week, the event will then be a 6 sigma event that happens once every 370 years. This would be the same odds statically of the national yield this year being 85.5 bpa.