Energy & Commodities mixed · 0–6 months
A what‑if from the future

What if greening and a hurricane collapse Florida's citrus crop?

Citrus greening plus a landfalling hurricane collapses Florida oranges, sending FCOJ to all-time highs — long orange juice is the isolated trade; the wheat/corn-led cascade is irrelevant to a single-crop US disaster. Rhymes with 2022-24 when greening and storms cut Florida output to ~1930s lows and FCOJ hit records above $4. Transmission: shifts US demand to Brazilian concentrate, tightening the global balance. Forward: greening is a chronic structural decline, not weather noise, so OJ has a rising floor — hurricanes just add spikes on top.

27%
our model probability
over 0–6 months
prediction markets — the market's odds
loading live odds…
Anchored to measured history 27% · 90% range 10–43% · 40 dated precedents behind it — a wider range means thinner evidence

Every number ships with its receipt — the odds, the range, the precedents, and a public grade at Reality Check. The statistical machinery that produces it is proprietary.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 0–6 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…

loading the timeline…

What it would mean

If this plays out, it is a mixed shock. Citrus greening plus a landfalling hurricane collapse Florida orange output, pushing FCOJ futures to all-time highs. The trigger decomposes into signed root‑shocks — Climate/crop supply ▲ · Food inflation ▲ — which propagate through our causal graph to the markets below.

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Market odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-08-13.