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

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
Feb 04, 2020

US Futures Higher As Dollar Weakens

USDA’s December Soybean Crush Data At A Robust Pace The USDA oilseed crushings report is expected to show that 185.7 million bushels (MBU) of soybeans were processed in December. The would be up from the 183.7 MBU bushels crushed in December 2018. A poll from Thomson Reuters shows the USDA’s
Jan 27, 2020

US Agricultural Futures Lower On Coronavirus Threat

Small Refinery Waivers Rejected By US Court A U.S. appeals court ruled that the Environmental Protection Agency (EPA) must reconsider three biofuel waivers it granted to small oil refineries, arguing the agency's justification for approving the exemptions was flawed. 2016 exemptions apply to Holly Frontier's Woods Cross and Cheyenne refineries
Jan 22, 2020

Ag Futures Steady In Overnight Trading

USDA Secretary Perdue: No More Farm Aid After China Trade Deal Following the signing of a Phase-1 trade deal, U.S. Agriculture Secretary Perdue said there is no need for a third year of trade-related aid for farmers. According to Reuters, Secretary Perdue said that a aid package in 2020 is
Jan 07, 2020

Reuters Releases January Corn & Soy WASDE Estimates

Reuters Trade Estimates See U.S. Corn & Soy Production Falling Reuters released their analyst estimates for the USDA’s January WASDE. The Crop Production and Winter Seedings report is scheduled for release this Friday, Jan 10. Corn: Analysts are predicting that production will decline by 148 million bushels (MBU) to 13.513
Jan 02, 2020

U.S. and China To Sign Trade Deal On January 15

U.S. and China To Sign Trade Deal On January 15 The Phase 1 trade deal that was struck between the U.S. and China in December is expected to be signed by both countries on January 15. The trade deal is expected to reduce tariffs and boost Chinese purchases of American
Dec 27, 2019

Wheat Export Sales Strong; Corn/Soy at Low End of Expectations

Morocco’s Government Announces Wheat Import Duty Suspension The government officially announced its plans to suspend the import duty. The suspension of the 35% duty is scheduled to start January 2 and last through April 30. This will result in the removal of the duty on soft wheat imports. The announcement