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| A couple of points here.
Remember when T. Boone Pickens first predicted $60 oil? I recall analysts & experts scoffing (who is this buffoon?) until they noticed he was a pretty good trader. Mr. Pickens is a large trader and has been for a long time. And RIGHT. When oil reached about $75, all the wall street houses raced to produce predictions because they all want some of the fund clearing business. A share of the interest income on margin deposits. Those folks don't really care if you make any money, they just like for a few bucks to land in their house for a few days & draw a little interest. It adds up.
If corn would ever hit $6.50, let's face it, it will require some event such as a drought. If such price ever occurs, stay off the roads in the rural areas or you will be struck by a livestock truck & if in the city, a sausage truck or a truck headed for the freezer with ground beef.
It is part of the overall game. "we'd better get something out for the boys & girls to read!" & send a MBA over to the library & pull out some data & throw together a report. Make a few assumptions & apply the math.
Is why I have always done my own research.
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Grain Target Prices
