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Ag Day Minute: Trade aid payments coming, small refinery waivers

AgDay Minute 082219

The ProFarmer Midwest Crop Tour is rolling toward its final stop in Rochester Minnesota. The numbers from day three are out. In Illinois, corn yields falling to 171-bushels per acre. That's 11% below last year's Pro Farmer estimates.

Soybeans are not faring much better at 997-pods per 3 by 3 square. That's 25% fewer than a year ago.

Maturity remains a big problem for both corn and soybeans.

Reuters reported on Wednesday that President Trump would meet with the heads of USDA and EPA regarding those small refinery waivers.

The President is likely to see several options including reversing some of the waivers already granted.

Reuters is saying the waived volumes could also be reallocated. The first installment of trade aid payments is likely to begin this month. USDA has had software glitches that means some producers won't get their payouts until September.

The payments totaling $16 billion.

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