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

Sep 21, 2020

Open Harvest Weather Forecast Weigh on Ag Prices

Ag Relief Details Announced The second round of the Coronavirus Food Assistance Program (CFAP2) will pay up to $14 billion on major crops as well as livestock, dairy and tobacco. The new support package will largely be funded by the Commodity Credit Corp which does not need to be approved
Sep 18, 2020

China Demand Continues to Support Ag Prices

President Announces New Farm Relief President Trump announced a new round of Covid-19 pandemic assistance to farmers of about $13 billion. The agriculture department is expected to release details later today for Coronavirus Food Assistance Program Part 2 (CFAP2). The program taps into the $14 billion in additional Commodity Credit
Sep 14, 2020

Grain Prices Remain Steady Following Gains After USDA Report

USDA Monthly Report Comments USDA forecast corn production at 14,900 million bushels, based on an average yield of 178.5 bushels per acre. Corn harvested area was decreased by 500,000 acres. Corn carryout stocks were projected down 253 million bushels to 2,503 million bushels. Soybean production was forecast at 4,313 million
Sep 11, 2020

Ag Prices Firmer Across the Board Before USDA Report Today

US Supply/Demand Report Expectations The average trade estimate for the US corn yield is 178.3 bushels per acre with a range of expectations between 175.4 and 181.0. Total production expectations average 14,898 million bushels compared with 15,278 million last month, with a range of 14,578 - 15,104 million. Analysts expect
Sep 10, 2020

Grain Prices Mostly Firmer, Led By Strength in Wheat

US Biofuel Waivers To Be Denied The Environmental Protection Agency could reject as many as 67 retroactive blending waiver requests as soon as this week. Federal law authorizes the EPA to grant the exemptions for small refineries that can prove hardship complying with the biofuel blending requirements. The Trump administration
Sep 09, 2020

Markets Are Mixed With Beans Continuing To Show Strength

Crop Ratings Slightly Lower Corn crop ratings slipped to 61% good to excellent compared with 62% last week and 55% last year. The corn crop was reported at 25% mature, ahead of the 19% average. Soybean condition ratings were 65% good to excellent, slightly lower than 66% last week, but
Sep 02, 2020

Grain Prices Lower as Showers Move Across the Midwest

China Corn Shortfall China’s agriculture ministry forecasts year-end stocks of minus 16.7 million tonnes in the upcoming 2020/21 season. The deficit could be as great as 30 million tonnes, according to a Reuters survey of analysts. Four years ago China ended a program that paid farmers above-market prices for corn
Sep 01, 2020

Prices Soften After Crop Ratings Slip As Expected

Crop Ratings Decline Corn crop ratings slipped again this week, down to 62% good to excellent from 64% last week, but remain above 58% last year. 63% of the corn crop is denting versus the 56% average, and 12% has reached maturity compared to 10% average. Soybean crop conditions also
Aug 31, 2020

Grain Markets Very Strong With Crop Ratings Expected to Decline

Some Dry US Crop Areas Persist Dryness remains in portions of the western and central US Midwest with only partial relief expected this week. According to the state agriculture secretary, Iowa is facing its most widespread drought since September 2013. This weekend rain fell in Wisconsin, western and southern Michigan