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

Mar 26, 2020

Financial Markets Weigh on the Ag Sector Despite Stimulus Bill

Stimulus Bill Adds Billions in Support for Ag Producers Adds $14 billion to the Agriculture Department's Commodity Credit Corp spending authority. Bringing limit to $44 billion. Has been recently used to compensate farmers and assist the ag sector due to the U.S.-China trade wars. Authorize another $9.5 billion for U.S
Mar 12, 2020

Virus Fears Weigh Down Grain Futures, Soybeans Plummet Overnight

French Wheat Exports Keep Rising Farm office FranceAgriMer increased its forecast of French soft wheat exports to 12.7 million tonnes (MMT) from 12.6 MMT. This marked the sixth consecutive monthly increase to the forecast. FranceAgriMer kept its estimate of soft wheat stocks at the end of the 2019/20 season on
Mar 09, 2020

Crude Oil Futures Crashed Sunday Night, Grains Follow Lower

Crude Oil, Energy Prices Plummet On Failed OPEC Talks WTI Crude Oil futures lost 27% and traded as low as $30.16 per barrel on news that OPEC failed to come to an agreement on crude oil production rates. OPEC had convened to agree to a new round of production cuts
Mar 04, 2020

US Ag Futures Mixed After Fed Lowers Overnight Lending Rate

Australia Wheat Forecasted To Rise 40% in 2020/21 Australia's chief commodity forecaster is predicting a 40.4% rise in wheat production this year. The forecast from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is predicting 2020/21 wheat production at 21.3 million tonnes (MMT). Last year Australia production
Mar 03, 2020

US Ag Futures Trading Steady/Firm

US Corn and Soybean Insurance Prices For 2020 Hit 4 Year Low With February trading complete, the U.S. government’s insurance guarantees to farmers for the 2020 corn, soybean, and spring wheat harvests have reached four-year lows. The average price of December corn during February was $3.88 per bushel, 12 cents
Feb 28, 2020

US Ag Futures Mixed In Overnight Trading

EPA To Reduce Annual Number of Small Refiner Waivers A U.S. Court of Appeals said the EPA must reconsider some exemptions it previously gave to oil refineries. EPA overstepped its authority to grant waivers (SRW’s) for HollyFrontier's Woods Cross and Cheyenne refineries and CVR Energy's Wynnewood refinery because the refineries
Feb 20, 2020

US Ag Futures Point to Lower Opening

Hormel To Discontinue Buying Hogs Fed Ractopamine Effective April 1st, Hormel will not accept hogs that have been fed the drug ractopamine. Hormel Foods is eliminating ractopamine from its hog supply to increase meat sales to China. Ractopamine is used to add finishing weight on hogs weight more efficiently. It
Feb 14, 2020

CME Closed on 2/17 For President’s Day

Coronavirus Reroutes US Chicken Shipments Destined For China Ships carrying chicken from the US to China are being diverted to ports in Hong Kong, South Korea, Taiwan and Vietnam due to the coronavirus. According to Reuters, an estimated 300 to 400 refrigerated poultry containers that are currently in transit are
Feb 12, 2020

USDA Lowers US Soybean Supply

USDA WASDE: Bullish Soybeans, Neutral Corn On Tuesday, Feb. 11th, the USDA released the February WASDE report. Corn: Neutral. USDA keeps ending stocks at 1.89 billion bushes (BBU). USDA raises ethanol demand by 50 million bushels (MBU) and lowers exports by 50 MBU. Pre-report ending stocks estimate: 1.864 BBU FBN’s