IS THERE OPPORTUNITY IN TODAY’S SELL OFF

Written By Sebastian Frost

AUDIO COMMENTARY

  • Technical puke selling

  • Chinese economics & outside markets

  • Is weather pressuring markets?

  • Expect more pressure next few days

  • Driest May & June on record

  • Some weather gurus think drought will break

  • 45% chance of 160 bushel corn crop

  • The market is pricing in at least 175 corn crop

  • Will we see highest conditions of the year today

  • If rain forecasts continue to disappear

  • Opportunities and managing risk

  • What you can do if you made sales or want to make sales on a weather rally

Listen to today’s audio below

AI’s Thoughts On Corn Yield

Below is an interaction where we asked the popular AI tool ChatGPT for it’s opinion on corn production and predictions for final corn yield.

Me:

Give me an opinion of corn production in terms of bushels per acre for yield in the US based on weather. Look at drought monitor and forecasts as well as sub soil. Look at the last 30 days precip in the corn belt. Look at the forecasted moisture for the next 2 weeks. Presently USDA has a yield forecasted of 181 per bushel, based on your research. Give me probability of corn yield in the US. Break the probability down to 5 bushel increments with a range of 200 to 140.


ChatGPT:

Based on my research, here is the current state of affairs regarding corn yield in the United States and the factors influencing it….

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Questions We Asked ChatGPT

  • What is the probability that 2023 corn yield is 160 bushels or less?

  • If weather for the next 30 days is one of the driest on record for the corn belt, where would you think the USDA projects corn yield on the July crop report?

  • Where do you think yield would come in at the end of July if forecasts stay as dry as forecasted for the first part of June?

  • Would you say we are more likely to see above trend line yield, or below?

  • Where AI thinks we could see corn yield come in at

LAST CHANCE SALE

Our memorial day sale ended yesterday, but we are extending it one more day. Lock in our stuff for a $500 discount and receive every single one of our exclusive updates via text & email.

$299/yr or $29/mo

Originally: $800/$80

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Sebastian Frost
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