Price rise boosts grain farmers in Manitoba boom
In Manitoba, grain farmers enjoy a boom not seen since 1974 75 with wheat near five dollars a bushel and feed wheat above four halves. Experts say long term market forces could sustain price levels for a decade despite higher input costs, while inflation has raised fertilizer and herbicide prices.
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Toronto and New York stock markets slip at noon
Prices in Toronto and New York are lower at noon with the TSE 300 down to 4,559.17 and the broader market active on 21.5 million shares. Declines outpace advances 292 to 226 as transportation gains and gold and silver lead losses.
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Gerle Gold
Canola and flax lead gains on Winnipeg exchange limits
Oilseeds closed near daily limits as growing conditions worries resurfaced. Canola and flax posted sharp closes with multiple months hitting seasonal highs and ongoing short covering amid strong demand from traders and commercials.
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