Is $8 Corn A Possibility?

Maybe.
Though the odds for it happening are in all likelihood ameliorate inwards 2019 or 2020 but it could direct house this year. We saw such prints inwards both 2011 together with 2012;  2008 got close.
Here are a span decades of futures toll history from FinViz:

3.8975 final together with hence it would survive a large move.

Two posts from AgWeb. First up, the headline even Apr 9

While nearly of the marketplace attending has been on the possibility for increased soybean toll volatility because of the Chinese tariffs, analysts concord corn could motion higher over the adjacent span of years. One analyst thinks it could fifty-fifty accomplish $8 per bu., a degree non seen since 2012.

What would it accept for corn to provide to its glory days afterwards living at $3 per bu.? According to this even from Barron’s, declining output, an ethanol led require surge inwards mainland People's Republic of China together with the potential for roughshod weather condition could survive the recipe for a toll surge.

“Eight dollars is real possible,” says Shawn Hackett, writer of the Hackett Money Flow Reportnewsletter inwards this story, adding that declining supplies volition run headlong into increased Chinese demand.:...MORE

And Apr 10's "Corn Belt Could Freeze equally Late equally June":

With mutual coldness temperatures lingering longer than many farmers prefer, yous mightiness wonder merely how belatedly a freeze could hit. Historically, the Corn Belt has seen some, but non many, freezes afterwards June 1. Most belatedly freezes occur inwards the May fourth dimension frame. Take a facial expression at the map below for your area.

What to facial expression if belatedly freezes hitting corn together with soybean seedlings.
First together with foremost, hold back 3 to 5 days earlier checking corn together with soybeans for freeze or frost injury. This gives the plants fourth dimension to bounce dorsum together with hence yous tin shipping away decide the actual degree of damage.

“At immature developmental stages, a soybean constitute is to a greater extent than susceptible than corn to aboveground harm past times frost or lethal mutual coldness temperatures because its growing points are exposed inwards a higher house Blue Planet equally presently equally the crop emerges,” according to a study from Bob Nielsen together with Ellsworth Christmas at Purdue University. “Frost or freeze harm extending below the cotyledons translates to consummate expire of the seedling.”...MORE

If interested run into likewise yesterday's ""GRAINS-Wheat Rallies As Cold Weather Threatens Crops"".