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Farm Power: Deere tractor highlights BigIron auction

Auction was held November 2

Farms.com Auction Report
By Farms.com Media

A November 2 auction held by BigIron Auctions was highlighted by a John Deere tractor selling for nearly $50,000.

A 1996 John Deere 8300 MFWD tractor from Ogallala, Nebraska sold for $49,600 after 130 bids.

Specs: 6,475 hours, 200 HP, John Deere Powershift Transmission, 16 Forward And 4 Reverse, 1000 RPM PTO, 480/80R46 Rear Duals Inside On Cast Outside On Steel, 1500 Lb Weights On Inside, 385/85R34 Front Tires, 8 Front Weights, Quick Hitch, 4 Remotes With Power Beyond, Front Fenders, Deluxe Cab, Swivel And Air Operators Seat, Auto Trac Ready, JVC Bluetooth Stereo, Includes Agri Products 300 Gal Saddle Tanks.



 

A 2001 Claas Jaguar 890 forage harvester from Cozad, Nebraska sold for $28,000 after 123 bids.

Specs: 6,977 engine hours, 5,891 chopping hours, Mercedes Diesel Engine, two turbo Chargers, 510 Horse Power, Hydrostatic Transmission, Two Wheel Drive, A/C, 30.5-32 Front Tires, 540/65R24 Rear Tires.

A 2014 McFarlane RD4145RB reel disk/vertical tillage from Sauk City, Wisconsin sold for $23,750 after 63 bids.

Specs: 45’ wide, With Hydraulic Disk Gang Angle. Rear Rolling Baskets, Double Folding.


2014 McFarlane RD4145RB

A 1988 Case IH 7120 MFWD tractor from Scandia, Kansas sold for $19,751 after 93 bids.

Specs: 8,225 hours, 150 HP, 14.9R28 Front Tires, 18.4R42 Rear Tires, Hub Mount Rear Duals, 1000 And 540 PTO, 8.3 Liter Engine, 18 Speed Power Shift Transmission With 2 Reverse Gears, 4 Front Weights, Inside Rear Wheels Weights.

 


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.