Kevin McNew

Kevin McNew is chief economist at Farmer’s Business Network, where he works with FBN’s data science team to analyze commodity markets and make straightforward marketing recommendations. He previously spent 10 years as a professor of economics with the University of Maryland and Montana State University focusing on commodity markets, and is widely regarded for his ability to boil-down complex economic situations into easy-to-understand concepts for applied life.

FBN Market Intelligence subscribers get a daily email with his analysis and recommendations, plus content localized to basis prices in their area.

Kevin McNew is chief economist at Farmer’s Business Network, where he works with FBN’s data science team to analyze commodity markets and make straightforward marketing recommendations. He previously spent 10 years as a professor of economics with the University of Maryland and Montana State University focusing on commodity markets, and is widely regarded for his ability to boil-down complex economic situations into easy-to-understand concepts for applied life.

FBN Market Intelligence subscribers get a daily email with his analysis and recommendations, plus content localized to basis prices in their area.

Articles By Kevin McNew

Jul 02, 2020

Grains Pause, Watching Weather Going Into the Long Holiday Weekend

USDA Grain Crush Higher for May USDA Grain Crush for May reported corn use for fuel ethanol at 300 million bushels continuing to rebound from 245 million in April. Corn usage was still almost 35% below the 460 million bushels seen in the same month last year. Sorghum used for
Jul 01, 2020

Markets Continue to Move Higher After Surprising Acreage Report

USDA Acreage Report Comments USDA reduced the planted corn acreage estimate by 5 million acres from the March intentions to 92 million acres. This was the largest March-to-June decrease since a 9.5 million reduction in 1983 and was below the lowest pre-report projection. The survey reported 83.8 million bean acres
Jun 30, 2020

Ag Markets Firmer Before USDA Acreage

USDA Crop Condition Report Highlights The corn crop was rated 73% good to excellent up from 72% last week, and 56% last year (see Chart of the Day below). Soybean crop conditions were 71% good to excellent, compared with 70% last week and 54% last year. Winter wheat conditions were
Jun 26, 2020

Markets Steady Going Into July Option Expiration at Today’s Close

Trade Expectations for Quarterly Grain Stocks USDA will release its report on grain stocks in all positions as of June 1, 2020 next Tuesday, June 30. The average trade estimate for corn stocks is 4,951 million bushels compared to 5,202 million last year. Soybean stocks are seen at 1,392 million
Jun 24, 2020

Markets Consolidate in Quiet Overnight Trade

Brazil Corn Estimates Increased Safras & Mercado estimated Brazil’s 2019/20 production at 108.4 million tonnes, up from 101.5 million last month. The planted area for the safrinha crop was increased by 2.5 million acres. The safrinha yield is projected near 90 bushels per acre, 4% higher than Conab’s last estimate
Jun 23, 2020

Recent Rains With More in the Forecast Weigh on Grain Prices

US Crop Conditions Report Shows Mixed Results Corn crop conditions were 72% good to excellent, up slightly from 71% last week, and well above 56% last year (see Chart of the Day below). Winter wheat conditions also ticked higher to 52% good to excellent compared to 50% last week, but
Jun 22, 2020

Weekend Rains Across the Midwest Weigh on Grain Markets

China Halts Some US Poultry Imports China suspended poultry imports from a Tyson Foods plant in Springdale, Arkansas where hundreds of employees tested positive for Covid-19. All products from the plant that are about to arrive in China or have arrived at the country’s ports will be seized by customs
Jun 16, 2020

Row Crops Firmer After Lower Than Expected Ratings Reported

USDA Crop Conditions Report Corn crop conditions slipped to 71% good to excellent from 75% last week. Soybean crop conditions were about as expected at 72% good to excellent, holding steady compared with 72% last week. Soybean planting was 93% complete, advancing from 86% last week and staying ahead of
Jun 15, 2020

Markets Set to Start the Week Lower

NOPA Soybean Crush Record Expected for May The monthly NOPA report will be released at 11 a.m. CDT today. The average pre-report estimate is for 173 million bushels of soybeans processed in May. It would top the previous May crush record of 163.6 million bushels set in 2018. If realized