Combines take spotlight in Ritchie Bros. auction

Dec 30, 2020

The auction took place in Minneapolis, Minn. on Dec. 18

FARM POWER

Farms.com Auction Report
By Farms.com

Four of the top five selling pieces of equipment during a recent Ritchie Bros. auction in Minneapolis, Minn. were combines.

On Dec. 18, a buyer put forward a winning bid of US$370,000 (CAD$472,204) on a 2018 CLAAS 760TTT RWA combine with 744 engine hours and 439 separator hours.

2018 CLAAS combine

Other specs: reverser, auto HHC, rock trap, grain tank exts, integrated chopper/chaff spreader, CEBIS display, MaxFlex fdr house, 750/65R26 R, tracks, rear view camera.

A 2019 John Deere S780 RWA combine with 348 engine hours and 224 separator hours sold for US$355,000 (CAD$452,991).

2019 John Deere combine

Other specs: reverser, auto HHC, rock trap, integrated chopper/chaff spreader, AutoTrac autosteer, Contour Master fdr house, HID lighting, 650/85R38 F, 750/65R26 R, duals, elec grain tank exts, 4600 Display, Star Fire 6000 Antenna/Receiver.

Another 2019 John Deere S780 RWA combine, this one with 411 engine hours and 307 separator hours, sold for US$350,000 (CAD$446,619).

John Deere combine

Other specs: reverser, auto HHC, rock trap, integrated chopper/chaff spreader, AutoTrac autosteer, Contour Master fdr house, HID lighting, 1250/35R46 F, 750/65R26 R, 307, elec grain tank exts, 4600 Display, Star Fire 6000 Antenna/Receiver.

A 2015 CLAAS LEXION 740TT tracked combine with 736 engine hours and 506 separator hours sold for US$155,000 (CAD$197,805).

2015 CLAAS combine

Other specs: reverser, rock trap, grain tank exts, chaff spreader, chopper, HID lighting, 750/65R26 F, tracks, CEBIS monitor, lateral tilt fdr house, leather trim pkg, central lube system.

A New Holland tractor rounded out the top five.

A buyer placed a winning bid of US$115,000 (CAD$146,761) on a 2015 New Holland T8.350 MFWD tractor with 2,550 hours.

2015 New Holland T8.350

Other specs: frt PTO, frt 3 pt hitch, frt 2 hyd outlets, frt axle susp, Auto Command LH rev, New Holland display, New Holland receiver, A/C cab, 6 hyd outlets, 540/1000 PTO, 3 pt hitch w/hyd top link, frt wheel weights, 600/70R30 F, 710/70R42 R.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!