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

Nov 15, 2019

Ag Futures Steady after Export Sales Data

French Corn Harvest & Winter Wheat Plantings Delayed By Rain According to France’s ArgiMer the country’s corn harvest and winter grains planting pace is behind the historical averages as wet weather is slowing field work. As of Nov. 11th, 85% of the French corn crop had been harvested. This is
Nov 08, 2019

November WASDE Today at 11 a.m. CST

ADM Offers Free Drying At 3 Plants in Iowa and Illinois ADM is waiving the fees it charges farmers to dry grain at three of its Midwestern corn processors as it seeks supplies to keep the plants running at optimum levels through what is a slow, wet harvest. ADM’s free
Nov 01, 2019

Markets Showing Little Concern About Delayed Harvests

Buenos Aires Reduces Argentine Wheat Crop The exchange cut 1 MMT off of Argentina’s wheat crop in its latest forecast. Production now is forecast at 18.8 MMT. The exchange cited bad weather as the means of the reduction. Argentina has had drier-than-normal conditions, reducing wheat production. Recent frosts also have
Oct 30, 2019

Markets Mostly Quiet, EPA Public Hearing Set for Today

Bloomberg Poll Shows Declining U.S. Winter Wheat Area A recent analyst poll from Bloomberg showed U.S. winter wheat planted area expectations at 31.118 million. Last year, plantings totaled 31.159 million. USDA’s initial new-crop winter wheat area estimate is issued in January. The lowest total planted on record was 29.196 million
Oct 29, 2019

Slow Harvest Failing to Lift Futures

Argentina and Brazil Remain Drier than Normal For Argentina, the 10-day outlook calls for mostly cool, dry weather across major crop regions. Rains are in the forecast for northern Santa Fe and north of there. But, those rains will not benefit the majority of key-producing lands. For Brazil, warm/dry remain
Oct 23, 2019

FBN Adjusts Minneapolis Wheat Recommendation

China Offers Tariff Free Quota On 10 MMT of US Soybeans On Tuesday, Oct. 22 China offered to wave the tariff on 10 million tonnes (MMT) of soybean imports from the United States. The deal was offered to state-owned crushers and multi-national processors. The tariff free quota on imports represents
Oct 22, 2019

USDA’s Crop Progress Report: Harvest Delays For Corn & Soy

USDA’s Crop Progress Report: US Corn and Soybean Harvest Still Behind The USDA’s latest Crop Progress report released on Monday, Oct. 21 showed another week of slow harvest pace for corn and soybeans. Corn harvest is reported at 30% complete vs. the 5 year average of 47%. All major corn
Oct 16, 2019

Markets Ease Despite Harvest Delays

Crop Progress Continues to Show Slow Harvest The U.S. corn crop was 22 percent harvested and 73 percent mature. Average harvest pace is 36 percent with maturity at 92 percent. Soybean harvest was at 26 percent compared with the 49 percent average. There was limited progress in North and South
Oct 11, 2019

Chinese Trade Negotiations Supporting Commodities

Brazil’s CONAB’s 2019/20 Estimates: Less Corn, More Soybeans On Thursday, Oct. 10 Brazil’s food supply and statistics agency, CONAB, released their 2019/20 production row crop estimates. Total corn planting, both first and second crop area is estimated at 17.53 million hectares (MHA) vs. 17.496 in 18/19. Safrinha corn production, second