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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.
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.
* 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
SYDNEY, Oct 16 (Reuters) - U.S. soybeans fell on Monday,
after hitting a 10-week high in the previous session, with
demand for U.S. exports providing a floor to losses.
Negotiators at talks to modernize NAFTA are running out of time and look set to extend the remaining rounds in a bid to meet an end-year deadline as tensions rise, three sources familiar with the matter said on Sunday.
By David Ljunggren and Dave Graham
ARLINGTON, Va., Oct 15 (Reuters) - Negotiators at talks to
modernize NAFTA are running out of time and look set to extend
the remaining rounds in a bid to meet an end-year deadline as
tensions rise, three sources familiar with the matter said on
The Trump administration, which is demanding big changes to
the North American Free Trade Agreement, has presented a series
of hard-line proposals that partners Canada and Mexico say will
be tough to accept.
WASHINGTON, Oct 15 (Reuters) - U.S. Republican Senator Susan
Collins, who helped torpedo President Donald Trump's effort to
repeal Obamacare, said on Sunday she was leaning towards a 'yes'
vote on the Senate budget resolution to advance tax reform.
"I am likely a yes on that budget. I very much want to see
tax reform," Collins said on ABC's "This Week" news program.
CAIRO, Oct 15 (Reuters) - Egypt's agricultural exports rose
13.9 percent during the first nine months of 2017, reaching 4.1
million tonnes compared to 3.6 million last year, agriculture
ministry spokesman Hamid Abdel Dayim said on Sunday.
Egypt's agricultural exporters have seen a surge in demand
since the country floated its currency last November, allowing
it to roughly halve in value as part of reforms tied to a
three-year $12 billion International Monetary Fund loan
By Dave Graham and David Lawder
ARLINGTON, Va., Oct 14 (Reuters) - Negotiators from Canada
and Mexico grappled with U.S. demands to drastically alter the
North American Free Trade Agreement on Saturday, as talks over
renewal of the pact vilified by President Donald Trump ran
through a fourth straight day.
Oct 14 (Reuters) - The end of the North American Free Trade
Agreement (NAFTA) would be negative for Mexico, but would create
a short-lived downturn, the country's outgoing central bank
chief said on Saturday.
In a question-and-answer session in Washington on the
sidelines of the International Monetary Fund/World Bank
meetings, Mexican Central Bank Governor Agustin Carstens said
the downturn in the country's economy would be "short term,"
after which the Mexican economy would again become competitive.