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Will Nebraska’s corn for grain yield per harvested acre in 2026 be above 190 bu/acre?

kalshiEconomics·2026-10-10·view on kalshi ↗
30%
Agent
32%
Market Price
-2.4%
Edge
58%
Confidence
36,441
Volume
1.0c
Spread
113
Days to resolution
5
Markets in event
final rationale
Mean of 5 draws (0.27, 0.27, 0.32, 0.32, 0.30). (0) Not met: QuickStats has no 2026 data; USDA's Oct 9 report puts Nebraska at 188 bu/acre (183→177→188), below the threshold, and 'above 190' requires a final of 191+. (a) About 3.5 months to the Jan 31, 2027 close, with the Nov 10 report and the January Annual Summary still to come. (b) Status quo of 188, or small moves, resolves No. (c) No: the record 11-bu October jump partly reverses, given the agbull ear-count inconsistency and falling early-October conditions (46% G/E); flat at 188-190 also resolves No. (d) Yes: later objective-yield and farmer survey data keep adding bushels, as in 2025 (191 in November to 194 final). Single-state October-to-final revisions of a few bushels either way imply roughly a 25-30% chance of a 2.5+ bu gain; October revisions average near zero. Anchored on the Kalshi 32% price, shaded slightly lower for the data-quality risk and the need for further upside rather than mere stability.
price vs. prediction
market price agent forecast at t+0
8 follow-ups
1. Planner Opus 5.5 · picks the research tools
Tools chosen: kalshi_direct resolution_source kalshi_related article_search
Planner reasoning
Kalshi is the price anchor. The USDA NASS Crop Production reports (the October report, then the January annual summary that resolves the market) are the key structured source. Related Kalshi strike and other-state yield markets give cross-market context. One targeted search pulls the latest NASS Nebraska yield forecast figure.
2. Research parallel tool calls + 4 web research loops (Sonnet 5) · read raw by the forecasters
at a glance
RESEARCH DIGEST (built in code: tool summaries and each report's bottom line; the forecasters read the full tool outputs and reports) Tools - kalshi_direct: ## This Market's Kalshi Data **Above 190 bu/acre** (KXNECORNYIELD-27JAN31-T190) - Current price (probability): 32.00% (live; bid 31% / ask 32%) - 7-day price change: +23.00% - 30-day price change: +26.00% - Average daily volume: 1918 contracts - Price range: 2.00% - 32.00% - Data points: 19 days - resolution_source: already_resolved=unclear; matches_criteria=True; last_updated=unknown. The fetched page is just the USDA/NASS QuickStats ad-hoc query tool interface (navigation/selection menus for Commodity, Location, and Time), with no actual yield data retrieved or displayed for Nebraska corn for grain in 2026. - kalshi_related: 0 related markets / summaries. series KXNECORNYIELD: 0 markets (skipped 5 no-signal) | series KXCORNYIELD: 0 markets (skipped 0 no-signal) | keyword 'corn yield': no matches - article_search: Fetched 14 unique articles across 2 queries (lookback=45d). 'USDA October 2026 Crop Production Nebraska corn yield forecast bushels per acre': 8 articles | 'NASS September 2026 Nebraska corn yield forecast': 8 articles Research loops, bottom lines - current state: As of the most recent (October 9, 2026) USDA NASS Crop Production report, Nebraska's 2026 corn yield is forecast at 188 bu/acre — below the 190 bu/acre threshold — after a volatile season that saw the estimate swing from 183 (August) to 177 (September) and back up to 188 (October), with an unresolved data-quality flag on the October ear-count figures. The November and final January reports, still pending before contract close, will determine the final resolution, and recent history (184→194 bpa - base rate: Nebraska's state corn yield has only exceeded 190 bu/acre twice in the past six years (2021 and 2025, both near-perfect growing seasons), giving a historical base rate near 30-35%; the 2026 crop has oscillated sharply in USDA's own forecasts (183→177→188 bu/acre from August to October), landing just under the 190 threshold as of the latest (Oct 9) estimate, with meaningful forecast revision history and raised methodological questions suggesting real uncertainty remains before the January final. - yes case: The single most plausible path to YES is a repeat of the pattern seen in 2025 (and in USDA's broader 2026 national revisions), where objective-yield (ear-count) data collected later in the season pushed the forecast up substantially from the prior month and the eventual January final landed a few bushels above the autumn forecast; Nebraska's October 2026 figure of 188 already sits just 2 bu/acre below 190, so a continuation of the current upward momentum in the November 10 report and/or the Janu - no case: The current (Oct. 9) 188 bu/acre forecast is below the 190 threshold, and multiple independent flags — deteriorating Nebraska crop condition ratings in early October, an unresolved ear-count/yield-methodology inconsistency, and the historically mixed track record of October revisions — suggest the October jump may not persist and could even reverse in the November or January reports, reinforcing a NO lean absent a fresh upward surprise.
tools
toolstatustimeitemssummary
kalshi_direct OK 0.2s 1 ## This Market's Kalshi Data **Above 190 bu/acre** (KXNECORNYIELD-27JAN31-T190) - Current price (probability): 32.00% (live; bid 31% / ask 32%) - 7-day price change: +23.00% - 30-day price change: +26.00% - Average daily volume: 1918 contracts - Price range: 2.00% - 32.00% - Data points: 19 days
resolution_source OK 4.4s 1 already_resolved=unclear; matches_criteria=True; last_updated=unknown. The fetched page is just the USDA/NASS QuickStats ad-hoc query tool interface (navigation/selection menus for Commodity, Location, and Time), with no actual yield data retrieved or displayed for Nebraska corn for grain in 2026.
kalshi_related OK 0.6s 0 0 related markets / summaries. series KXNECORNYIELD: 0 markets (skipped 5 no-signal) | series KXCORNYIELD: 0 markets (skipped 0 no-signal) | keyword 'corn yield': no matches
article_search OK 0.5s 14 Fetched 14 unique articles across 2 queries (lookback=45d). 'USDA October 2026 Crop Production Nebraska corn yield forecast bushels per acre': 8 articles | 'NASS September 2026 Nebraska corn yield forecast': 8 articles
research loops · 4/4 ok · 19 searches · 6 page reads
dimensionstatustimesearchespage readsreport
current state OK 36s 6 2 4354 chars
base rate OK 49s 4 2 5145 chars
yes case OK 58s 6 1 5537 chars
no case OK 54s 3 1 4527 chars
report: current state
- [2026-08-12] USDA NASS's August Crop Production report (based on Aug. 1 conditions, first survey-based estimate) forecast Nebraska's acreage harvested for grain at 9.70 million acres, down 8% from a year ago, with average yield forecast at 183 bushels per acre, down 11 bushels from last year. (nass.usda.gov / cropwatch.unl.edu) - [2026-09-11] USDA NASS's September Crop Production report, the first to incorporate objective (in-field ear-count) data, cut Nebraska's yield forecast sharply: the state figure fell to Nebraska at 177 bushels per acre, compared to 194 in 2025, with harvested acreage at 9.61 million acres and production at 1.70 billion bushels (esmis.nal.usda.gov crop0926.pdf). - [2026-09-11] At the national level, USDA's September report put the 2026 U.S. average corn yield at the record level of 178.5 bushels per acre, which was decreased from 180.7 bushels per acre in the August report , with analysts noting drought concerns in the western Corn Belt (agweek.com). - [2026-10-09] USDA NASS's October Crop Production report (next scheduled data point before contract close) raised Nebraska's corn yield forecast back up sharply: USDA raised Nebraska's corn yield forecast 11 bushels per acre, from 177 to 188, in the October report. With harvested acreage unchanged at 9.61 million acres, that increased projected production by 105.7 million bushels, to approximately 1.807 billion (agbull.com, citing USDA NASS Crop Production, October 2026). - [2026-10-09] Industry analysis flagged an internal inconsistency in the October report's underlying data: Nebraska's statewide ear count rose even though both irrigated and non-irrigated component counts declined, an unresolved discrepancy that "does not, by itself, prove the yield forecast is wrong" but raises a question about the reliability of the October estimate (agbull.com). - [2026-10-05] USDA NASS Crop Progress report showed Nebraska corn conditions as of early October rated mostly fair-to-good, with harvest well underway; by Oct. 4, a large share of the crop was harvested and soil moisture was mixed (adequate to surplus in places, short in others) (esmis.nal.usda.gov prog4026.pdf). - [2026-08-14] A private crop tour (DTN Digital Yield Tour) estimated Nebraska's state average corn yield at 176.3 bu/acre, well below USDA's then-current 183 bpa figure, projecting the state to land roughly 6 bpa below its 5-year RMA average (dtnpf.com). - [2025 final, reported 2026-01-12] For context, Nebraska's final 2025 corn yield (prior-year comparison) was a record-tying 194 bushels per acre, up 6 bushels from last year , on 10.5 million harvested acres (cropwatch.unl.edu). - [2024 final] Nebraska's 2024 final corn yield was 188 bushels per acre , confirming that 188 bu/acre (the current October 2026 forecast) is close to, but at, Nebraska's 2024 actual level — below the question's 190 bu/acre threshold (nass.usda.gov annual summary). - [2026-10-09] No new WASDE or Crop Production releases have occurred since October 9, 2026; the next scheduled USDA Crop Production report is November 10, 2026, well before the market's January 31, 2027 close, meaning at least two more official yield updates (Nov. 10 and the January Annual Crop Production Summary) remain before resolution (esmis.nal.usda.gov). BOTTOM LINE: As of the most recent (October 9, 2026) USDA NASS Crop Production report, Nebraska's 2026 corn yield is forecast at 188 bu/acre — below the 190 bu/acre threshold — after a volatile season that saw the estimate swing from 183 (August) to 177 (September) and back up to 188 (October), with an unresolved data-quality flag on the October ear-count figures. The November and final January reports, still pending before contract close, will determine the final resolution, and recent history (184→194 bpa swings year to year) shows the state's yield can move materially between October forecasts and year-end totals. NOT FOUND: The exact text/number from the primary NASS October 2026 Crop Production PDF (narrative page) was not directly fetchable (ESMIS link for crop1026.pdf was not located); the 188 bu/acre October figure is corroborated via the NASS September data table, the October executive briefing, and a detailed secondary analysis (agbull.com) citing the same primary report, but the raw primary PDF text was not independently fetched.
report: base rate
- [2026-01-10] Nebraska's final 2024 corn yield was 188 bushels per acre, up 6 bushels from 2023, with 9.59 million acres harvested . 2025 final yield reached 2.02 billion bushels, up 12% from 2024, with a yield of 194 bushels per acre, up 6 bushels from last year, tying the 2021 state record . - [historical record] Nebraska's reference class over the last six years: 2020 ~180, 2021 194 (record, per USDA's year-end surveys estimate of 1.85 billion bushels, yield of 194 bushels per acre, up 14 bushels from 2020 ), 2022 165 bushels per acre, down 29 bushels from 2021 (drought year) , 2023 182, 2024 188, 2025 194. Nebraska exceeded 190 bu/acre in 2 of the last 6 years (2021 and 2025), i.e., roughly a 33% historical base rate, with the state trending upward over time. - [2026-08-14] USDA's first 2026 survey-based forecast (August 1 conditions) put Nebraska's 2026 corn production at 1.77 billion bushels, down 13% from last year, with acreage harvested for grain down 8% from a year ago, and average yield forecast at 183 bushels per acre, down 11 bushels from last year . - [2026-08-14] DTN's independent Digital Yield Tour (satellite/ground-truth model) was notably more bearish, forecasting Nebraska corn at 176.3 bushels per acre, 6 bpa below the five-year USDA RMA average for the state , with the DTN analyst noting their model "finds a lower bias than the government estimate" relative to USDA's 183 bpa pegged that week . - [2026-09-11] USDA's September Crop Production report (based on Sept. 1 conditions, first with objective-yield ear counts) cut Nebraska's forecast sharply to 194.0 bushels in 2025, 183.0 August forecast, 177.0 September forecast for 2026 , implying production of roughly 1.70 billion bushels, well below 190. - [2026-09-11] Nationally, the September report showed the average yield forecast at 178.5 bushels per acre, down 2.2 bushels from the previous forecast and down 8.0 bushels from 2025 , reflecting broad Corn Belt weather stress reported in the same release: drought and extreme heat during key times in the corn growth cycle, with Nebraska and Kansas production decreases the result of month-to-month declines in the projections . - [2026-09-11 farmdoc] An independent condition-based model similarly flagged Nebraska as one of the states where USDA's survey-based yield had previously looked too optimistic, noting Nebraska (7.5 bu/ac too high) relative to model expectations entering September. - [2026-10-09] USDA's October Crop Production report (incorporating fuller objective-yield field data) sharply reversed course: Nebraska's yield forecast was raised 11 bushels per acre, from 177 to 188, in the October report, with harvested acreage unchanged at 9.61 million acres, increasing projected production to approximately 1.807 billion bushels . This matches the article reporting the increase was broad and heavily western, with Nebraska jumping 11 bushels to 188, South Dakota rising 6 to 151 and Kansas gaining 4 to 125 . - [2026-10-09] This October surprise was part of a broader national upward revision: NASS put the 2026 national average at 181.2 bushels per acre, up 2.7 bushels from September's 178.5, lifting production 234 million bushels to 16.034 billion, the second-largest crop on record behind only last year . - [2026-10-09] An independent trade-press analysis flagged a methodological anomaly behind the Nebraska jump: Nebraska's statewide ear count rose 1,700 ears per acre from September even though irrigated and non-irrigated component counts both declined; a weighted average could rise despite declines in both categories if weighting shifted sufficiently toward irrigated corn , leaving the robustness of the October jump somewhat in question pending further data. - [historical reliability] USDA's own published accuracy statistics show the "Root Mean Square Error" for the September 1 corn for grain production forecast is 2.7 percent, meaning chances are 2 out of 3 that the forecast will not be above or below the final estimate by more than 2.7 percent, and 9 out of 10 that the difference will not exceed 4.6 percent — implying forecast revisions of several bushels per acre between now and the January final are historically common and can go either direction. BOTTOM LINE: Nebraska's state corn yield has only exceeded 190 bu/acre twice in the past six years (2021 and 2025, both near-perfect growing seasons), giving a historical base rate near 30-35%; the 2026 crop has oscillated sharply in USDA's own forecasts (183→177→188 bu/acre from August to October), landing just under the 190 threshold as of the latest (Oct 9) estimate, with meaningful forecast revision history and raised methodological questions suggesting real uncertainty remains before the January final. NOT FOUND: No independent (non-USDA) current yield estimate for Nebraska specifically above 188 bu/acre was found for 2026; no explicit resolution or correction from NASS addressing the ear-count anomaly flagged by Ag Bull Trading was located; no futures/prediction-market-derived probability for this specific Kalshi contract was sought per instructions.
report: yes case
YES means: USDA NASS's final (January 2027 Annual Crop Production Summary) or otherwise controlling report shows Nebraska's 2026 corn-for-grain yield coming in above 190 bu/acre. - [2026-10-09] USDA's October Crop Production report raised Nebraska's corn yield forecast from 177 to 188 bu/acre, a jump described as "the increase was broad and heavily western, with Nebraska jumping 11 bushels to 188." (https://farmprogress.com/marketing/usda-yield-shocker-sends-corn-sinking-to-eight-week-low) — leaving the state only 2 bu/acre below the 190 threshold with the November and January reports still to come. - [2026-10-09] The October jump was a major surprise relative to trade expectations nationally: "the higher U.S. corn yield in part reflected better-than-expected prospects in several states that suffered from extreme heat and drought over the summer," with USDA hiking Nebraska's estimated yield by 11 bpa to 188 bpa , while analysts had expected the national yield to fall slightly rather than rise — evidence the objective-yield (ear-count) methodology is finding more bushels in the field than trade models or even USDA's own earlier surveys anticipated. - [2026-10-09] Nationally, USDA's October report lifted the U.S. average corn yield to 181.2 bu/acre, "up from 178.5 bpa in September," versus analyst expectations of a decline to roughly 177.7 bpa — a pattern of USDA's fall objective-yield surveys repeatedly outrunning expectations in 2026, a dynamic that, if it continues into November/January, would favor further upside for Nebraska specifically. - [2025 precedent] In the comparable prior year, Nebraska's forecast trajectory moved 192 (August) → 191 (November, after a shutdown-delayed report) → 194 (January final) — meaning the final survey-based number came in 2-3 bushels above both the August and November forecasts, per "the Nebraska 2025 corn production harvest is expected to be at 1.967 billion bushels with an average yield of 191 bushels per acre... For comparison, 2024 Nebraska corn finished at about 1.803 billion bushels on a 188 bushel-per-acre yield" and the final 2025 figure of 194 bu/acre reported elsewhere — directly demonstrating that Nebraska's final number can exceed its autumn forecasts by several bushels in a single season. - [2025 precedent] The August 2025 U.S. number itself was described as a shock: "the USDA National Agricultural Statistics Service (NASS) surprised nearly everyone forecasting a record U.S. corn crop... with a record average yield of 188.8 bushels per acre... the bump in forecast was the biggest one-month change since 1988" — establishing that large, favorable one-report swings (of the magnitude just seen for Nebraska in October 2026) are not historically unusual and have previously proven durable through to the final number. - [2026-10-05] USDA Crop Progress data show Nebraska's corn crop was 94% harvested by October 4 and condition ratings were not collapsing late in the season (fair-to-good, prior Brownfield reporting on improving g/e ratings through summer), consistent with a crop that matured without a late-season disaster that would force the October figure back down. - [2026-10-09] Independent trade-press analysis flagged that Nebraska's October ear-count anomaly (statewide count rising even as irrigated and non-irrigated sub-counts fell) "does not, by itself, prove the yield forecast is wrong," leaving open the possibility that the true in-field count is at least as strong as the October figure suggests, not weaker — i.e., the flagged anomaly is not itself evidence against the 188 figure or further upside. - [2026-09-11] Despite the September dip, Nebraska's own farmdoc-style condition model had flagged NASS's August number as too optimistic by only "7.5 bu/ac too high" relative to model expectations — a modest gap compared to the 11-bushel swing NASS itself produced one month later, suggesting the objective-yield data (not conditions) is the dominant driver of Nebraska's number and can move sharply in either direction as more fields are sampled. - [2026-08-14] DTN's independent Digital Yield Tour, while below USDA's figures overall, still found 25 of 93 Nebraska counties forecast at 200 bu/acre or higher, including top-producing counties, showing substantial high-yielding acreage within the state that can lift the statewide average once harvest data accrues in better-performing districts. BOTTOM LINE: The single most plausible path to YES is a repeat of the pattern seen in 2025 (and in USDA's broader 2026 national revisions), where objective-yield (ear-count) data collected later in the season pushed the forecast up substantially from the prior month and the eventual January final landed a few bushels above the autumn forecast; Nebraska's October 2026 figure of 188 already sits just 2 bu/acre below 190, so a continuation of the current upward momentum in the November 10 report and/or the January Annual Summary — consistent with last year's 191→194 late-season drift — would be sufficient to resolve YES. NOT FOUND: The raw primary NASS October 2026 Crop Production narrative PDF (crop1026.pdf) could not be directly located/fetched (only the executive-briefing summary and secondary reporting were available); no Nebraska-specific September 2025 interim figure (between the 192 August and 191 November estimates) was found to fully chart that year's month-by-month path; no post-October-2026 (November) Nebraska-specific data exists yet, as the next scheduled report is November 10, 2026.
report: no case
YES means: USDA NASS's final (or last pre-close) report states Nebraska's 2026 corn-for-grain yield per harvested acre above 190 bu/acre (i.e., 191 or higher). - [2026-10-05] Nebraska's own corn-crop condition rating slipped to 6% very poor, 15% poor, 33% fair, 33% good, 13% excellent as of Oct. 4 — a good-to-excellent share of only 46%, with 21% of the crop rated poor-to-very-poor right as USDA was compiling the objective-yield data behind the October report's 188 bu/acre figure (esmis.nal.usda.gov prog4026.pdf). - [2026-10-05] Nationally, the share of corn rated good-to-excellent fell to 54%, down 3 points from the prior week's 57%, with DTN's lead analyst specifically flagging that "Iowa and Nebraska also saw notable declines in corn crop ratings" during the same week NASS raised Nebraska's forecast (dtnpf.com). - [2026-10-09] A detailed statistical review found Nebraska's statewide ear count rose 6.8% (25,000 to 26,700 per acre) in the October report even though both irrigated (29,050→28,700) and non-irrigated (24,550→24,250) component counts fell — an internal inconsistency the analysis says "cannot be reconciled... using unchanged weights," leaving open whether a future correction (e.g., in November) could pull the 188 figure back down (agbull.com). - [2026-10-09] The same analysis notes the October national yield gain came specifically from a jump in ear weight rather than ear count, a pattern it says is "precisely what private crop scouts and satellite proxies measure worst," meaning the upward revision rests on a volatile, late-maturity-dependent metric that final harvest data could still overturn (agbull.com). - [2026-10-09] Historically, USDA's October revisions to the national yield have been modest and mixed — from 2006-2025 October yields "rose eight times, fell nine times and were unchanged once," with an average revision near zero — meaning the October print is not a reliable one-way signal that further gains (needed to clear 190) are more likely than further cuts for Nebraska (agbull.com). - [2026-10-09] October's Nebraska jump (177→188, +11 bu) was called "easily the biggest in a decade," with the only larger single-state/national October increase on record coming in 2004 (+9 bu nationally) — underscoring that this year's move is a statistical outlier whose durability into the January final is unproven (agbull.com). - [2026-10-09] Separately, national crop-condition-based models had flagged Nebraska's survey-based yield as running "7.5 bu/ac too high" entering September, a bearish signal that was partly realized in the September cut to 177 before the October reversal — indicating real, not just reporting, downside risk remains embedded in the data (cited in prior research, farmdoc, 2026-09-11). - [2026-10-05] Harvest itself was lagging: Nebraska corn harvest was running behind its normal early-October pace amid a historically wet second half of September across the Midwest, conditions that raise the chance of late-season field losses, test-weight discounts, or standability issues not yet reflected in the 188 bu/acre estimate (dtnpf.com). - [arithmetic] Even if the October figure of 188 bu/acre holds, it sits 2 full bushels below the 190 threshold; achieving YES requires a further net upward revision in the November 10 and/or January reports, not merely stability — a higher bar than simply "no further bad news." - [reference class] Nebraska's final yield was 188 bu/acre in 2024 — identical to the current October 2026 estimate — and that year's final count did not cross 190, illustrating that a 188 bu/acre forecast has previously resolved as a sub-190 final outcome (NASS 2024 Annual Crop Production Summary, nass.usda.gov). BOTTOM LINE: The current (Oct. 9) 188 bu/acre forecast is below the 190 threshold, and multiple independent flags — deteriorating Nebraska crop condition ratings in early October, an unresolved ear-count/yield-methodology inconsistency, and the historically mixed track record of October revisions — suggest the October jump may not persist and could even reverse in the November or January reports, reinforcing a NO lean absent a fresh upward surprise. NOT FOUND: No confirmation yet of the November 10, 2026 USDA Crop Production figure (not yet released); no direct NASS statement addressing or correcting the Nebraska ear-count discrepancy flagged by Ag Bull Trading; no Nebraska-specific objective-yield ear-weight data isolating how much of the October gain was concentrated in irrigated vs. non-irrigated acres.
3. Forecasters 5 draws · Opus 5.5 + GPT-6 Astra + GPT-5.6 Sol · plain mean
claude-opus-5-5 · high effort
55% conf
Yes 27%
No 73%
(0) Not met: QuickStats has no 2026 data; USDA's Oct 9 report puts Nebraska at 188 bu/acre (183→177→188), below the threshold, and 'above 190' requires a final of 191+. (a) About 3.5 months to the Jan 31, 2027 close, with the Nov 10 report and the January Annual Summary still to come. (b) Status quo of 188, or small moves, resolves No. (c) No: the record 11-bu October jump partly reverses, given the agbull ear-count inconsistency and falling early-October conditions (46% G/E); flat at 188-190 also resolves No. (d) Yes: later objective-yield and farmer survey data keep adding bushels, as in 2025 (191 in November to 194 final). Single-state October-to-final revisions of a few bushels either way imply roughly a 25-30% chance of a 2.5+ bu gain; October revisions average near zero. Anchored on the Kalshi 32% price, shaded slightly lower for the data-quality risk and the need for further upside rather than mere stability.
claude-opus-5-5 · high effort
55% conf
Yes 27%
No 73%
(0) Not resolved. USDA NASS's latest number, the October 9 Crop Production report, puts Nebraska's 2026 corn yield at 188 bu/acre, below the threshold. Because NASS reports whole bushels and the rule is 'above 190', YES effectively needs a final of 191 or more, a net gain of at least 3 bu. (a) About 3.5 months remain. The two updates still to come are the November 10 Crop Production report and the January Annual Summary, both before the Jan 31, 2027 close. (b) Status quo: if 188 holds, the market resolves NO. (c) NO scenario: the October jump of +11 bu was flagged by agbull as the biggest in a decade. It rests on an ear-count anomaly (the statewide count rose while both irrigated and dryland counts fell) and on ear weight. Nebraska's condition ratings slipped in early October to 46% good/excellent with 21% poor or very poor. A partial reversal or a flat result leaves the final at 186-190. (d) YES scenario: late objective-yield and farmer-reported harvest data keep surprising upward, as in 2025, when Nebraska went from 191 in November to a 194 final. The national October beat also suggests the late-season data are finding more bushels. Historical revisions from October to final at the state level are typically a few bushels in either direction, with no consistent bias. That makes a 3+ bu upside move roughly a 20-30% event. The market at 32% has rallied on the October print. I shade slightly below it given the data-quality flag, the deteriorating conditions and the strict 191+ requirement.
gpt-6-astra · high effort
56% conf
Yes 32%
No 68%
The condition is not documented as met: the QuickStats read returned no actual observation, while October 9 reporting from Farm Progress and AgBull places Nebraska's NASS forecast at 188 bu/acre, below the threshold. About 113 days remain until January 31, 2027, with the November 10 report and January annual summary expected before close; a qualifying NASS figure must exceed 190, meaning at least 191 at whole-bushel precision. If the reported 188 estimate remains unchanged in the controlling NASS data, No wins, and exactly 190 would also resolve No. A plausible No scenario is that harvest surveys confirm or reduce 188, consistent with the reported October 5 condition rating of only 46% good/excellent, although AgBull's ear-count discrepancy does not itself establish an error. A plausible Yes scenario is a further three-bushel upward revision, comparable to the reported 2025 November-to-final increase from 191 to 194, without assuming October's exceptional eleven-bushel rebound must continue. I anchor at Kalshi's current 32% Yes price and retain it: the 23-percentage-point weekly rally plausibly incorporates October's rebound, and the research identifies no clearly unpriced information warranting a material adjustment. The historical exceedance rate of two years in six offers supporting context, but national production-error statistics cannot substitute for Nebraska-specific late-season yield-revision data. Missing primary October data and contradictory harvest-progress claims limit confidence, and I retain uncertainty that the secondary-reported forecast differs from what the controlling NASS series ultimately displays rather than treating it as verified settlement evidence.
gpt-6-astra · high effort
57% conf
Yes 32%
No 68%
I retain Kalshi’s 32% YES anchor (31% bid/32% ask): its 23-percentage-point weekly rise appears consistent with the October rebound, and the research provides no verified, clearly unpriced edge warranting adjustment. The condition is not documented as met: QuickStats returned only its query interface, while October 9 reporting from Farm Progress and Ag Bull puts Nebraska’s NASS corn-for-grain yield forecast at 188 bu/harvested acre. There are 113 days until the January 31, 2027 close, with November 10 and January updates expected; a qualifying NASS report must show strictly above 190, meaning at least 191 if reported in whole bushels. If the reported 188 remains the controlling figure, the status quo resolves No. A NO scenario is that harvest-based estimates remain at or below 190 or reverse some of October’s 11-bushel increase, with weaker crop-condition ratings supporting that possibility, although the flagged ear-count weighting discrepancy does not itself establish an error. A YES scenario is a further increase of at least three bushels, comparable to the reported November-to-final revision from 191 to 194 for the 2025 crop. The historical two exceedances in six years are broadly consistent with this probability, but are less informative than the current near-threshold forecast and do not establish upward revision momentum. Confidence is limited because the October primary PDF and actual QuickStats observation were not retrieved, harvest-progress claims conflict, and settlement depends on the qualifying NASS publication rather than private estimates or underlying field performance.
gpt-5.6-sol · high effort
68% conf
Yes 30%
No 70%
(0) The event is not already resolved: USDA NASS QuickStats displays no final 2026 Nebraska yield, while the latest reported October 9 forecast is 188 bu/acre, so a subsequent NASS report must raise the final figure above 190. (a) About 113 days remain until the January 31, 2027 close, with the November 10 update and January Annual Crop Production Summary still expected. (b) If the current 188-bushel estimate remains unchanged, the market resolves No because the rule requires strictly above 190. (c) No results if harvest data confirm roughly 188 or reverse some of October's exceptional 177-to-188 increase, especially given the declining crop ratings and unresolved inconsistency in Nebraska's reported ear counts. (d) Yes results if later objective-yield and harvest surveys add at least three bushels, as occurred when Nebraska's 2025 estimate moved from 191 in November to a 194 final yield. I anchor on Kalshi's 32% Yes price and move modestly lower to 30% because the current official forecast remains below the threshold and the October data anomaly adds downside risk, while the recent upward surprise, historical forecast errors, and 2025 precedent preserve substantial upside probability.
4. Final plain mean of 5 draws
30% (58% confidence)
Yes: 30% No: 70%
Mean of 5 draws (0.27, 0.27, 0.32, 0.32, 0.30). (0) Not met: QuickStats has no 2026 data; USDA's Oct 9 report puts Nebraska at 188 bu/acre (183→177→188), below the threshold, and 'above 190' requires a final of 191+. (a) About 3.5 months to the Jan 31, 2027 close, with the Nov 10 report and the January Annual Summary still to come. (b) Status quo of 188, or small moves, resolves No. (c) No: the record 11-bu October jump partly reverses, given the agbull ear-count inconsistency and falling early-October conditions (46% G/E); flat at 188-190 also resolves No. (d) Yes: later objective-yield and farmer survey data keep adding bushels, as in 2025 (191 in November to 194 final). Single-state October-to-final revisions of a few bushels either way imply roughly a 25-30% chance of a 2.5+ bu gain; October revisions average near zero. Anchored on the Kalshi 32% price, shaded slightly lower for the data-quality risk and the need for further upside rather than mere stability.
Pipeline Timing
Total pipeline time: 151.6s
Per-tool research timings shown in the Research section above.