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Will Maine commercial lobster landings for 2026 be above 85 million pounds?
7%
Agent
7%
Market Price
+0.0%
Edge
62%
Confidence
22,375
Volume
2.0c
Spread
169
Days to resolution
8
Markets in event
final rationale
Mean of 2 draws (0.07, 0.07). (0) Not resolved. Maine DMR has published no 2026 figure; its landings page still shows preliminary 2025 at 78.8M lb, and the 2026 calendar-year total probably comes out around early March 2027. (a) The fishing year runs another 2.5 months, to Dec 31, and the market closes 2027-03-31, which allows about 3–4 weeks after the likely preliminary release. (b) Status quo: landings have fallen four years running (110.7 → 98.9 → 96.9 → 87.3 → 78.8M lb). Clearing 85M lb needs a rise of about 8% in a single year, with no such increase since the boom era. DMR leadership talks about a 'new normal' near 79M lb. (c) NO path: the 2026 season is reported as slow through July and August. The MLA says harbors are 'still slow' and landings are mixed, a harsh winter cut fishing days roughly in half, and effort stays low because of costs. Landings then end flat or down near 75–82M lb. (d) YES path: 2025's late molt reverses, and a strong fall run plus storm-driven catches (Undercurrent, Oct 8, 'heavy post-storm catch') lift the total. Effort could also partly recover, and an upward revision of about 1.4% could push a figure near 84M over the line. No data supports a surge, though. The Kalshi anchor is 7% (bid 6, ask 8), down from 15%, which suggests late-season information has turned bearish. I see no unpriced evidence that justifies moving away from it.
price vs. prediction
market price
agent forecast at t+0
6 follow-ups
1. Planner Opus 5.5 · picks the research tools
Tools chosen:
kalshi_direct
kalshi_related
resolution_source
article_search
polymarket_related
Planner reasoning
kalshi_direct gives the price anchor, and kalshi_related shows the sibling strike thresholds for this event, which together form the market's implied distribution. resolution_source points at Maine DMR's commercial landings data, where historical totals (2024 was about 86M lbs, 2023 about 94M) and any preliminary 2026 figures will appear. One targeted article_search looks for 2026 in-season landings reports, since 2026 data won't be on DMR until early 2027.
2. Research parallel tool calls + 4 web research loops (Sonnet 5.5) · 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 85 million pounds** (KXMELOBSTER-27MAR31-T85) - Current price (probability): 7.00% (live; bid 6% / ask 8%) - Last daily close (2026-10-10): 15.00% - 7-day price change: -11.00% - 30-day price change: -9.00% - Average daily volume: 1781 contracts - Price range: 11.00% - 18.00% - Data points: 8 days
- resolution_source: already_resolved=unclear; matches_criteria=True; last_updated=2026-02-24 (DMR landings data page); 2026-03-06 (DMR 2025 press release). Maine DMR hasn't published any 2026 lobster landings figure yet. Its 'Most Recent Maine Commercial Landings' page still shows 2025 as the latest year ('All data are preliminary', 'current as of 2/24/2026'). DMR's March 6, 2026 release put preliminary 2025 lobster
- kalshi_related: 0 related markets / summaries. series KXMELOBSTER: 0 markets (skipped 8 no-signal) | keyword 'Maine lobster landings': no matches
- article_search: Fetched 13 unique articles across 2 queries (lookback=240d). 'Maine lobster landings 2026 season catch slow late shed': 10 articles | 'Maine lobster 2025 landings total pounds DMR': 10 articles
- polymarket_related: Polymarket search over 1 keyword(s), kept 0 matches. keyword 'Maine lobster': 0 markets
Research loops, bottom lines
- current state: Every 2026 signal found points to flat or lower landings. The 2025 baseline is 78.8M lb, and 2026 would need roughly +8% to clear 85M lb. Trade commentary through August–September is mixed and shows no surge, and there is no public 2026 year-to-date lobster total. The decisive Q4 shed and fall run, and the DMR figure, are still unreported.
- base rate: The outside view points to NO. Landings have fallen for four straight years, and the 2025 total of 78.8M lb is about 8% below the 85M threshold. Reports so far for 2026 describe a slow season. An upside risk is that 2025 had a late molt, so a normal 2026 could rebound some.
- yes case: The only evidence-backed route to YES is a normal-timed shed and fall run plus returning effort, with a possible upward revision of about 1.4% on a preliminary figure. All of these are mechanisms, and no 2026 landings data supports any of them yet. The 2026 trade reports I found are slow or mixed.
- no case: Reaching 85M lb needs about +8% on 2025 in one year, against four straight declines and a managed-down effort level. Reports through early October describe a slow summer and only a late-season burst, with no 2026 year-to-date total to support a surge. A missing or late DMR release is a further route to NO.
tools
| tool | status | time | items | summary |
|---|---|---|---|---|
| kalshi_direct | OK | 0.2s | 1 | ## This Market's Kalshi Data **Above 85 million pounds** (KXMELOBSTER-27MAR31-T85) - Current price (probability): 7.00% (live; bid 6% / ask 8%) - Last daily close (2026-10-10): 15.00% - 7-day price change: -11.00% - 30-day price change: -9.00% - Average daily volume: 1781 contracts - Price range: 1 |
| kalshi_related | OK | 0.5s | 0 | 0 related markets / summaries. series KXMELOBSTER: 0 markets (skipped 8 no-signal) | keyword 'Maine lobster landings': no matches |
| resolution_source | OK | 14.5s | 1 | already_resolved=unclear; matches_criteria=True; last_updated=2026-02-24 (DMR landings data page); 2026-03-06 (DMR 2025 press release). Maine DMR hasn't published any 2026 lobster landings figure yet. Its 'Most Recent Maine Commercial Landings' page still shows 2025 as the latest year ('All data are |
| article_search | OK | 0.4s | 13 | Fetched 13 unique articles across 2 queries (lookback=240d). 'Maine lobster landings 2026 season catch slow late shed': 10 articles | 'Maine lobster 2025 landings total pounds DMR': 10 articles |
| polymarket_related | OK | 0.5s | 0 | Polymarket search over 1 keyword(s), kept 0 matches. keyword 'Maine lobster': 0 markets |
research loops
·
4/4 ok ·
16 searches ·
3 page reads
| dimension | status | time | searches | page reads | report |
|---|---|---|---|---|---|
| current state | OK | 21s | 4 | 1 | 4082 chars |
| base rate | OK | 16s | 4 | 0 | 3650 chars |
| yes case | OK | 25s | 4 | 2 | 4987 chars |
| no case | OK | 26s | 4 | 0 | 5349 chars |
report: current state
- [2026-03-06] Maine DMR's preliminary 2025 lobster landings were 78.8 million lb (78,826,683 lb), valued at $461.4M, with a boat price of $5.85/lb. This is the resolution source's most recent full-year figure. 2025 was the fourth straight annual decline and the first year under 80M lb since 2008. https://www.maine.gov/dmr/news/fri-03062026-1200-2025-maine-commercial-fisheries-value-again-tops-600-million
- [2026-03-06] 2024 landings were 87.3M lb (87,279,523 lb), so 2025 was down about 10%, or about 8.5M lb. 2026 would need to rise about 8% over 2025 to pass 85M lb. https://penobscotbaypress.com/articles/highlights-islandadvantages/new-data-suggests-lobster-landings-in-maine-declined-in-2025/
- [2026-03-06] DMR blamed the 2025 drop on inflation, tariff uncertainty and a late molt. It cited more than 21,000 fewer trips (about 10% less effort). Lobstermen continued to leave the industry, and those who stayed fished less. https://www.pressherald.com/2026/03/06/maines-lobster-haul-hits-17-year-low/
- [2026-03 (Fishermen's Forum)] DMR survey scientist Kathleen Reardon said lobster abundance is down from its peak and "the trend is downward". She said the change was seen most in eastern Maine zones. https://www.mlcalliance.org/post/lobster-surveys-show-healthy-stock-despite-decrease-in-landings
- [2026-03-12] National Fisherman reported that ASMFC recently warned lobster abundance has fallen rapidly in parts of the region. It said the species is experiencing overfishing. https://www.nationalfisherman.com/maine-lobster-landings-fall-for-fourth-straight-year
- [2026-08-21] Undercurrent News (paywalled) ran "New shells, undersized lobsters shape Maine's late-summer fishery". A related headline, "Maine lobster harvest starts slow, dock prices slide", is undated. No 2026 landings totals were visible in the text I could read. https://www.undercurrentnews.com/2026/08/21/new-shells-undersized-lobsters-shape-maines-late-summer-fishery/
- [2026-08-31] The Maine Lobstermen's Association president wrote that some lobstermen see decent landings and others do not, depending on the coast. Everyone is hoping for a strong fall and a strong boat price. She wrote that the resource has peaked and that landings can no longer be counted on to climb. https://www.mlcalliance.org/post/steaming-ahead-september-2026
- [2026-08-31] Bangor Daily News/Harpswell Anchor: DMR's Putnam sees at least an even chance that catch rises again "in the next few years" as juvenile lobsters mature. Lobstermen report more young, sub-legal lobsters in traps. This is not a 2026 forecast. https://harpswellanchor.org/2026/08/lobsters-remain-plentiful-in-maine-but-outside-forces-cast-uncertainty-on-industry/
- [2026-09 (MLA update)] Brazil Rock 33/34 Lobster Association, which covers Canadian LFA 34, reported landings down about 50% over a decade. This is Canadian context, not Maine. https://www.mlcalliance.org/post/maine-lobstermens-association-update-september-2026
- [2026-10-12] DMR's "Most Recent Landings" page, fetched today, still shows only 2025 data, last updated 2/24/2026. It has no 2026 year-to-date lobster totals. The 2004–2025 monthly lobster table is the only monthly series. https://www.maine.gov/dmr/fisheries/commercial/landings-program/landings-data
- [Timing] Preliminary 2025 data came out 2026-03-06 at the Maine Fishermen's Forum. A similar release for 2026 is likely around early March 2027, before the 2027-03-31 close. This is an inference from the 2025 pattern, not a confirmed schedule.
BOTTOM LINE: Every 2026 signal found points to flat or lower landings. The 2025 baseline is 78.8M lb, and 2026 would need roughly +8% to clear 85M lb. Trade commentary through August–September is mixed and shows no surge, and there is no public 2026 year-to-date lobster total. The decisive Q4 shed and fall run, and the DMR figure, are still unreported.
NOT FOUND: 2026 year-to-date or monthly Maine lobster landings. The article text of the Undercurrent "starts slow" piece. Any DMR statement on the 2026 pace. The scheduled date for the 2026 preliminary release.
report: base rate
- [2026-03-06] DMR preliminary 2025 Maine lobster landings were 78.8 million lb, valued at $461.4M, with a $5.85 boat price. DMR says trips fell by more than 21,000 (almost 10%). The cut-off for a YES here is 85M, about 8% above 2025. https://www.maine.gov/dmr/news/fri-03062026-1200-2025-maine-commercial-fisheries-value-again-tops-600-million
- [2026-03-06] Press Herald: the 2025 catch was down 10% from 2024's 87M lb and 40.5% below the 2016 peak of 132.6M lb. It was the first year below 80M lb since 2008. https://www.pressherald.com/2026/03/06/maines-lobster-haul-hits-17-year-low/
- [2025-02-28] The preliminary 2024 figure was about 86.1M lb. 2023 was 96.9M, 2022 98.9M and 2021 110.7M. https://mainebiz.biz/article/maine-lobster-catch-hits-a-6-year-low-in-2024/
- [2026-03-06] The 2024 number was revised upward. Penobscot Bay Press gives 87,279,523 lb for 2024, against 78,826,683 lb for 2025. Preliminary figures appear to be revised up by about 1M lb. Which version resolves the contract is unclear: the "reported" 2026 figure could be preliminary (usually released around early March 2027) or later revised. https://penobscotbaypress.com/articles/highlights-islandadvantages/new-data-suggests-lobster-landings-in-maine-declined-in-2025/
- [2026-03-12] Landings have fallen four years running, from 2021 through 2025: about 110.7M, 98.9M, 96.9M, 86–87M, then 78.8M. Annual changes were -11%, -2%, -11% and -10%. The reference class is therefore a streak of declines, with no year-over-year increase of 8% or more since the 2010s boom. https://www.nationalfisherman.com/maine-lobster-landings-fall-for-fourth-straight-year
- [2026-03] DMR scientist Kathleen Reardon said abundance is down from its peak and the trend is downward, with the biggest change in eastern Maine zones. https://www.mlcalliance.org/post/lobster-surveys-show-healthy-stock-despite-decrease-in-landings
- [2026-07-24] Undercurrent headline: the 2026 Maine harvest started slow and dock prices slid. The article is paywalled. A dealer quoted in the snippet said shedders were only just starting and volume should pick up. https://www.undercurrentnews.com/2026/07/24/maine-lobster-harvest-starts-slow-dock-prices-slide/
- [2026-08] The MLA's August update said board members reported lobstering was still slow in most harbors, with only spurts of shedders inshore. https://www.mlcalliance.org/post/maine-lobstermen-s-association-update-august-2026
- [2026-09] MLA's September column: "Some lobstermen are seeing decent landings. Others are not." It says the resource has peaked and lobstermen can no longer count on rising landings. https://www.mlcalliance.org/post/steaming-ahead-september-2026
- [2026-09-01] Bangor Daily News describes the decade-long trend as down, with 2025 at 79M lb against nearly 133M lb in 2016. https://www.bangordailynews.com/2026/09/01/business/fisheries/maine-lobster-industry-uncertainty/
- [2026-03] Wider context: ASMFC declared overfishing. A late molt in 2025 was cited as one reason for the low total, which gives some room for a rebound if the 2026 molt is normal. https://www.nationalfisherman.com/maine-lobster-landings-fall-for-fourth-straight-year
BOTTOM LINE: The outside view points to NO. Landings have fallen for four straight years, and the 2025 total of 78.8M lb is about 8% below the 85M threshold. Reports so far for 2026 describe a slow season. An upside risk is that 2025 had a late molt, so a normal 2026 could rebound some.
NOT FOUND: Any 2026 year-to-date DMR landings figure; the Undercurrent article's full text; any other forecast or expert estimate of 2026 landings; other venues' markets or sibling strikes.
report: yes case
YES means: Maine DMR's reported 2026 statewide commercial lobster landings (live pounds) come in above 85,000,000 lb.
The case for YES is thin. No 2026 landings total has been published, so it rests on mechanisms rather than data.
- **[2026-10-12] Most likely path to YES.** A normal-timed molt, a strong fall run, and trips returning toward 2024 levels combine to lift 2026 to about 85M+ lb, which is roughly +8% on the 78.8M lb preliminary 2025 figure. Prerequisites: (1) the shed arrives on time after the 2025 late molt that DMR blamed (Mar 6 release); (2) the fall run is strong; (3) effort rebounds from 2025's 21,000-trip drop, which DMR's Putnam says reflects lobstermen adapting to economics (Aug 31 piece), so effort is partly behavioural and could reverse. No source says any of these is happening. https://www.maine.gov/dmr/fisheries/commercial/landings-program/landings-data
- **[2026-10-12] Revision arithmetic.** DMR's 2024 preliminary figure was 86.1M lb (2025 Forum slide deck); the later figure was 87.28M (colleagues' Penobscot Bay Press source). That is a revision of about +1.4%. If 2026 behaves the same way, a preliminary figure near 83.8M could be revised above 85M. Whether the contract uses the preliminary or the revised figure is unclear. https://www.maine.gov/dmr/sites/maine.gov.dmr/files/inline-files/Forum2025_DMRScienceUpdateSlideDeck_0.pdf
- **[2026-07-24] Slow start with a catch-up claim.** Undercurrent's headline calls the harvest slow, with dock prices sliding. A dealer in the snippet said the shed was only just starting and volume should "pick up considerably" within two weeks. The shed was therefore late again in 2026, and the slow July looks like timing rather than a lower catch. Prices fell, which usually means more volume, but this is inference. The full article is paywalled. https://www.undercurrentnews.com/2026/07/24/maine-lobster-harvest-starts-slow-dock-prices-slide/
- **[2026-07-31] MLA board harbor reports (fetched).** Most harbors reported lobstering "remains slow", though some areas saw lots of snappers and eggers (sub-legal or egg-bearing lobsters) and a few inshore areas saw spurts of shedders. The abundance of short lobsters suggests the stock is not collapsing. That is not the same as more legal-size landings this year. https://www.mlcalliance.org/post/maine-lobstermen-s-association-update-august-2026
- **[2026-02-13] Recruitment signal (fetched).** The young-of-year survey count has been above average for two years along the central coast (Friendship to Corea), which includes the top five grossing ports. The MLA director said "things are looking up". But ASMFC's Kipp said these lobsters take 8–10 years to reach legal size, so this cannot lift 2026 landings. It supports only the longer-run recovery story. https://www.pressherald.com/2026/02/13/maines-lobster-hot-spot-appears-to-be-having-a-baby-boom/
- **[2026-08-31] Sub-legal lobsters.** Lobstermen report more young, sub-legal lobsters in traps, and Putnam sees an even chance that catch rises "in the next few years". That is a medium-term forecast, not a 2026 one. https://harpswellanchor.org/2026/08/lobsters-remain-plentiful-in-maine-but-outside-forces-cast-uncertainty-on-industry/
- **[2026-09-01] Stock-health framing.** The MLA's September column says the resource is "healthy" and that "we are not looking at a resource that is overfished". It also says some lobstermen are seeing decent landings and everyone is hoping for a strong fall. The column also says the resource has peaked. That is mildly pro-stability but not pro-rebound. https://www.mlcalliance.org/post/steaming-ahead-september-2026
- **[2026-03-12] Fishermen dispute the overfishing finding.** Some fishermen dispute ASMFC's overfishing declaration. ASMFC's own page notes that the Gulf of Maine/Georges Bank stock abundance "remains high" against the time-series average, even though fishery indicators are trending down. It gives no 2026 number. https://www.nationalfisherman.com/maine-lobster-landings-fall-for-fourth-straight-year
- **[2026-10-12] Rebound precedent.** I found no precedent in the 2021–2025 series (about 110.7M, 98.9M, 96.9M, 86–87M, 78.8M) of a +8% year. The one "rebound" mechanism on record is the one in this report: timing shifts of the shed and effort. This list is as long as the sources allow.
BOTTOM LINE: The only evidence-backed route to YES is a normal-timed shed and fall run plus returning effort, with a possible upward revision of about 1.4% on a preliminary figure. All of these are mechanisms, and no 2026 landings data supports any of them yet. The 2026 trade reports I found are slow or mixed.
NOT FOUND: 2026 year-to-date or monthly DMR lobster landings; any Q3 or fall-run volume report; the full text of the Undercurrent July 24 and Aug 21 pieces; the MLA October 2026 posts (listed in the archive but not read); any dealer or co-op estimate of 2026 pounds; whether the contract settles on the preliminary or revised DMR figure.
report: no case
YES means: Maine DMR reports statewide commercial lobster landings for calendar year 2026 above 85 million live pounds.
- [2026-10-08] Undercurrent's headline says new-shell prices eased "on heavy post-storm catch". It describes a nor'easter pushing lobsters into traps. This is the only recent sign of strong volume I found. It is a short-term weekly burst, and the text is paywalled with no tonnage given. A burst of a few days cannot close an ~6M lb gap against a 78.8M lb base. The same page lists "USDA explores crop insurance for Maine lobster harvesters", which suggests the industry is still treating weak catch and income as the baseline. I did not read that article. https://www.undercurrentnews.com/2026/10/08/us-wholesale-live-lobster-new-shells-ease-on-heavy-post-storm-catch/
- [2026-03-06] The DMR release, fetched in full, gives the 2025 baseline only. It gives no 2026 projection. DMR's statements about the 2026 outlook are limited to the commissioner's "return to normalcy" framing. That framing reads as a lower structural level, not a one-year dip. A rebound to 85M lb would be a reversal of that framing. https://www.maine.gov/dmr/news/fri-03062026-1200-2025-maine-commercial-fisheries-value-again-tops-600-million
- [2026-03-09] The commissioner said that 78–79M lb "would have been absolutely celebrated" before the 2015–16 spikes. This is a mechanism for NO. DMR leadership treats about 79M lb as the new normal, not as a trough that must bounce back. https://www.mainepublic.org/environment-and-outdoors/2026-03-09/maine-lobster-landings-down-again-after-2010s-boom
- [2026 winter, reported ~March] Lobsterman Greg Turner said a harsh winter starting in December let crews fish about half the normal days in peak winter months. Winter 2025–26 effort was therefore suppressed, and the Dec 2025 and early-2026 months feed the 2026 calendar total. Winter and spring are the low-volume months, so lost days there cannot be recovered by summer fishing. https://www.aol.com/articles/maine-lobster-industry-hit-harsh-100312276.html
- [2026-07/08] Trade and MLA reports (July 24 Undercurrent, August MLA) describe a slow summer start. Maine's summer and fall shed typically carries the bulk of annual volume. The data sources I could reach say nothing about June–September totals, so a slow July–August has no public offset. I found no report that August or September caught up to 2024 levels. https://www.mlcalliance.org/post/steaming-ahead-september-2026
- [2026-02-13] An ASMFC scientist said young-of-year counts are still 44% below those of two decades ago and that warming suggests a long-term downward trend. He called the improvement "encouraging" but said it will not "save the day". Even the optimistic recruitment signal is framed as stabilization. Juveniles settling in 2024–25 take about 5–7 years to reach legal size, so they cannot lift 2026 landings. https://www.centralmaine.com/2026/02/13/maines-lobster-hot-spot-appears-to-be-having-a-baby-boom/
- [2026-08-31] DMR's Putnam said landings partly measure lobstermen's behaviour, which reflects economics. He sees the volume decrease as fishermen adapting to costs. High tariffs and steel costs carry into 2026 (the March 6 Press Herald piece cites trap-cost inflation). Fewer trips means lower landings even if abundance is flat. The 2025 shortfall was about 21,000 trips. Reversing that needs both a stock and a behaviour change in a single year. https://harpswellanchor.org/2026/08/lobsters-remain-plentiful-in-maine-but-outside-forces-cast-uncertainty-on-industry/
- [2019-10, precedent] A slow, late-molt year (2019) left Maine at about 50M lb by September. The 2019 final total was about 100M lb, and the 2018 total was 120M lb. This shows the fall can add large volume, which is the YES risk. But it also shows slow-season years do not rebound above the prior year. https://www.cbsnews.com/boston/news/maines-lobster-catch-season-down/
- [2026-10-12] DMR's landings pages still show 2025 as the latest data (the "last updated 2/9/26" note on the historical page). There is no 2026 interim figure to point to as evidence of a surge. Absent such evidence, the status quo is a four-year decline streak. https://www.maine.gov/dmr/fisheries/commercial/landings-program/historical-data
- [Resolution technicality] The question is "above 85 million" for calendar 2026, per DMR. The 2024 number was revised up by roughly 1M lb after the preliminary release. A later revision therefore matters only if the preliminary number lands near the line. If DMR has not published a 2026 figure by 2027-03-31, a strict reading gives no YES. The 2025 preliminary appeared on March 6, so there is roughly a 3.5-week buffer, but that timing is not confirmed.
BOTTOM LINE: Reaching 85M lb needs about +8% on 2025 in one year, against four straight declines and a managed-down effort level. Reports through early October describe a slow summer and only a late-season burst, with no 2026 year-to-date total to support a surge. A missing or late DMR release is a further route to NO.
NOT FOUND: Any 2026 year-to-date or monthly Maine landings figure. The text of the paywalled Undercurrent articles of July 24, August 21 and October 8. An October MLA update (the URL I tried returned 404). The date of DMR's 2026 preliminary release. Sibling-strike or other-venue markets.
3. Forecasters 2 draws · Opus 5.5 + GPT · plain mean
claude-opus-5-5 · high effort
62% conf
| Yes | 7% |
| No | 93% |
(0) Not resolved. Maine DMR has published no 2026 figure; its landings page still shows preliminary 2025 at 78.8M lb, and the 2026 calendar-year total probably comes out around early March 2027. (a) The fishing year runs another 2.5 months, to Dec 31, and the market closes 2027-03-31, which allows about 3–4 weeks after the likely preliminary release. (b) Status quo: landings have fallen four years running (110.7 → 98.9 → 96.9 → 87.3 → 78.8M lb). Clearing 85M lb needs a rise of about 8% in a single year, with no such increase since the boom era. DMR leadership talks about a 'new normal' near 79M lb. (c) NO path: the 2026 season is reported as slow through July and August. The MLA says harbors are 'still slow' and landings are mixed, a harsh winter cut fishing days roughly in half, and effort stays low because of costs. Landings then end flat or down near 75–82M lb. (d) YES path: 2025's late molt reverses, and a strong fall run plus storm-driven catches (Undercurrent, Oct 8, 'heavy post-storm catch') lift the total. Effort could also partly recover, and an upward revision of about 1.4% could push a figure near 84M over the line. No data supports a surge, though. The Kalshi anchor is 7% (bid 6, ask 8), down from 15%, which suggests late-season information has turned bearish. I see no unpriced evidence that justifies moving away from it.
claude-opus-5-5 · high effort
62% conf
| Yes | 7% |
| No | 93% |
(0) Not resolved. Maine DMR's landings page still shows 2025 as the latest year (78.8M lb preliminary) and has no 2026 year-to-date total. The calendar-2026 figure will most likely appear around early March 2027, before the March 31 close. (a) About 5.5 months remain until close, and the 2026 fishing year itself runs another 2.5 months. (b) Status quo: the trend is four straight annual declines (110.7 → 98.9 → 96.9 → 87 → 78.8M lb). Reaching 85M needs roughly +8%, a gain not seen in this streak. (c) NO path: the harsh winter halved fishing days, July–August harbors were reported slow, effort stays depressed by costs, and DMR leadership treats about 79M as the new normal. 2026 then lands somewhere in the 72–83M range. (d) YES path: 2025's late molt reverses into a normal or strong shed, the fall run is heavy (October storm catches eased prices), and effort recovers. A preliminary figure of 84–85M could also be revised up by about 1.4%, but that would likely come too late to count. The Kalshi anchor is 7% (bid 6, ask 8), down sharply from 15%, which suggests traders have absorbed the slow-season reports. I found nothing unpriced that would justify moving off it, so I stay close to the market.
4. Final plain mean of 2 draws
7%
(62% confidence)
Yes: 7%
No: 93%
Mean of 2 draws (0.07, 0.07). (0) Not resolved. Maine DMR has published no 2026 figure; its landings page still shows preliminary 2025 at 78.8M lb, and the 2026 calendar-year total probably comes out around early March 2027. (a) The fishing year runs another 2.5 months, to Dec 31, and the market closes 2027-03-31, which allows about 3–4 weeks after the likely preliminary release. (b) Status quo: landings have fallen four years running (110.7 → 98.9 → 96.9 → 87.3 → 78.8M lb). Clearing 85M lb needs a rise of about 8% in a single year, with no such increase since the boom era. DMR leadership talks about a 'new normal' near 79M lb. (c) NO path: the 2026 season is reported as slow through July and August. The MLA says harbors are 'still slow' and landings are mixed, a harsh winter cut fishing days roughly in half, and effort stays low because of costs. Landings then end flat or down near 75–82M lb. (d) YES path: 2025's late molt reverses, and a strong fall run plus storm-driven catches (Undercurrent, Oct 8, 'heavy post-storm catch') lift the total. Effort could also partly recover, and an upward revision of about 1.4% could push a figure near 84M over the line. No data supports a surge, though. The Kalshi anchor is 7% (bid 6, ask 8), down from 15%, which suggests late-season information has turned bearish. I see no unpriced evidence that justifies moving away from it.
Pipeline Timing
Total pipeline time: 56.5s
Per-tool research timings shown in the Research section above.