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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

Aug 21, 2019

Day 2 of Pro Farmer

Day Two of Pro Farmer: Indiana and Nebraska Scouts were in Indiana on Tuesday, confirming expectations that yields are down from last year. The tour forecast average corn yields in Indiana at 161.5 BPA, which compares with last year at 182.3 BPA and the average at 175.7 BPA. Soybean pod
Aug 20, 2019

Pro Farmer Tour Underway

ProFarmer Tour Underway, Below Average Yields and Pod Counts on Day 1 The tour got started Monday with the Eastern leg in Ohio and the Western leg in South Dakota. For Ohio, corn yields were forecast at 154.4 BPA, which compares with last year at 179.6 BPA and the average
Aug 16, 2019

China Makes Large US Pork Purchase

Export Sales Announcement- Private exporters reported to the U.S. Department of Agriculture export sales of 296,500 metric tons of soybeans for delivery to unknown destinations during the 2019/2020 marketing year. China Makes Large U.S. Pork Purchase Following Cancellation USDA’s export sales data showed China was in the line up for
Aug 08, 2019

Reuters August WASDE Poll

Export Sales Announcement- Private exporters reported to the U.S. Department of Agriculture export sales of 135,000 metric tons of soybean meal for delivery to the Philippines during the 2019/2020 marketing year. Reuters August WASDE Poll: Corn Acres Falling, Soybeans Acres Rising Reuters released their poll of surveyed analysts ahead of
Aug 07, 2019

President Trump Pledges Further Aid

President Trump Pledges Further Aid To U.S. Farmers On Tuesday, President Trump vowed to protect American farmers by signaling his desire to provide further aid a day after Chinese firms stopped U.S. agricultural purchases and Beijing threatened more tariffs on U.S. farm products. Trump tweeted "Our great American Farmers know
Aug 06, 2019

USDA Weekly Crop Condition Scores

USDA’s Weekly Crop Condition Scores: Stable/Weak The USDA’s weekly crop progress report released on Monday, Aug 5, showed stable corn and soybean crops, a healthy spring wheat crop and a weakening cotton crop. Weekly reported corn scores saw the slightest of downgrades by the government as there was a slight
Aug 05, 2019

China Stopping All US Ag Imports

China Stopping All U.S. Agriculture Imports On Sunday, 8/4/2019, the Chinese government asked both state-owned enterprises, COFCO and Sinograin, to suspend the purchase of all U.S. agricultural goods. Private soybean crushers and other non-state owned entities remain exempt from the import ban. The directive from Beijing follows President Trump’s decision
Aug 02, 2019

Brazil's Corn Exports Hit Record for July

Brazil’s Corn Exports Hit Record for July; Soybeans Slip Corn exports hit 6.3 million tonnes for July, which was the highest monthly total on record. Brazil’s strong shipments have hampered U.S. prospects. Line up data for August suggests another near-record month could be in store for August. Soybean exports fell
Aug 01, 2019

US Export Sales Overall Disappointing for Grains

China Delegation Set to Inspect Argentina Crushers in August Argentina has been trying to gain access to China’s soymeal market for two decades. China customs inspectors are scheduled to arrive on August 18 for a two-week trip with plans to visit multiple facilities. Argentina is the world’s largest soymeal exporter,