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* Soybeans edged lower after rising to highest since July 31
* Lower U.S. yields, Brazil planting delays limit decline
* Soybeans to seek direction from demand in top buyer China
HANOI, Oct 16 (Reuters) - Vietnam braced for typhoon Khanun
on Monday after destructive floods battered the country's north
and centre last week, killing 72 people, the disaster prevention
Last week's floods were the worst in years, the government
and state-run Vietnam Television said, with thousands of homes
submerged. Another 200 houses collapsed and several towns remain
cut off by the floodwater.
The floods also damaged more than 22,000 hectares (54,300
acres) of rice.
BEIJING, Oct 16 (Reuters) - China's top corn-producing
province is cutting the subsidy for farmers churning out the
grain by 13 percent this year, official media said on Saturday,
as Beijing pushes to whittle down stocks of the commodity and
encourage growers to plant other crops like soy.
Heilongjiang province in the country's northeast will give
corn growers 133.46 yuan ($20.30) per mu (0.067 hectares) of
corn grown this year, said the Xinhua news agency, compared with
153.92 yuan last year.
By Emily Chow
KUALA LUMPUR, Oct 16 (Reuters) - Palm oil demand is expected
to remain robust for the rest of the month as key consumer
countries India and China rebuild low stock levels, bucking a
seasonal trend in which shipments of the tropical oil typically
taper off at year-end.
A narrow discount to a rival edible oil, however, could
limit demand growth moving forward, say traders and analysts,
since buyers usually switch to more favoured soyoil when its
price premium over palm narrows.
BEIJING, Oct 16 (Reuters) - China will have to launch more
ambitious renewable energy and non-fossil fuel targets and ramp
up efforts to enforce them to avoid missing global climate
accord requirements, two government think tanks said on Monday.
* Soybeans consolidate after highest since July 31 on Friday
* Drier weather could see U.S. harvest accelerate
* USDA yield cut, Brazil dryness, Chinese demand supportive
* Market eyes crop progress, export inspection, soy crush data
Brazilian soy producers had planted 12 percent of their 2017/2018 crop through last Thursday, in line with a five-year average but behind the pace of the prior cycle, amid lack of rain in key producing regions.
* Uncertainties over trade, licensing and drug testing
* Adds to regulatory upheaval as EMA uprooted from London
* Some small consultancies relocating from Britain
By Ben Hirschler
Rajkot Oilseed Complex Close-October 16
1. Groundnut oil prices dropped due to low retail demand.
2. Cottonseed oil moved down due to increased selling from refinery units.
BAGHDAD, Oct 16 (Reuters) - Iraq expects to produce 3
million tonnes of wheat in the 2018 season, Agriculture Minister
Falah Hasan Zaidan told reporters on Monday in Baghdad.
(Reporting by Muayad Hameed. Editing by Jane Merriman)
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