From Grok:

Overall, this January 2026 report (6,860 contracts) is approximately 2–3 standard deviations above the five-year historical monthly average — a clear statistical outlier signaling exceptional physical demand/tightness, especially impressive for an early/non-primary month amid ongoing supply constraints and industrial pull. This aligns with 2025–2026 trends of deliveries far exceeding prior decades’ norms. For exact σ calculation, aggregating full CME MTD/YTD PDFs year-by-year would refine it further, but the deviation is unambiguously large and noteworthy.