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Farm Power: Deere tractor takes top spot during BigIron auction</

Auction was held September 28

Farms.com Auction Report
By Farms.com Media

An online auction hosted by BigIron Auctions on September 28 was highlighted by a John Deere tractor selling for more than $110,000.

A 2009 John Deere 8430 MFWD tractor from Bedford, Indiana sold for $111,000 after 94 bids.

Specs: 1710 hours showing, 305hp, MFWD, 16 Speed Automatic Power Shift, Green Star, AutoTrac Ready, 60 GPM hydraulic pump, 4 Remotes, 1000 PTO, 3 Point, Quick Hitch, 480/80R50 Goodyear rear tires with duals, 380/80R38 Goodyear front tires with duals, front fenders, rear wheel weights, 8 front weights, Tilt steering, A/C, Heat, Radio.



 

A 2013 John Deere 4830 row crop sprayer from Wallace, Nebraska sold for $110,000 after 143 bids.

Specs: 2032 hours showing, 100’ wide, 2032 Hrs Showing, Self Leveling, Hydrostat, 15" Nozzle Spacing, John Deere 5 Way Nozzles, 1 Set Spray Tips Included, 1000 Gal SS Tank, Rinse Tank, Chemical Inductor, Goodyear 320/90R50 Tires, 2600 Computer with Auto Trac Activation Included, HID Lights, Remote Grease Banks.

A 2014 John Deere 6150R MFWD tractor from Pearsall, Texas sold for $94,000 after 217 bids.

Specs: 656 hours showing, 150hp, IVT Trans Led lights on cab. Standard steering, front wheel assist. 540/1000 RPM dual PTO. 4 remotes, XM Bluetooth Radio, Tires are 470/70R30 and 520/85R42.

A 2012 Case IH Magnum 210 CVT MFWD tractor from Wausau, Wisconsin sold for $86,500 after 190 bids.

Specs: 1,765 hours showing, 210hp, 6.7 Liter DEF Engine, CVT Transmission, Trimble GPS Receiver, PRO700 Monitor, Cab Suspension,10 Front Weights, 4 Rear Wheel Weights, 1000 PTO, Rear 4 Rear Hydraulic Remotes, 3 Point, Quick Tach Coupler, Hammer Lock Draw Bar, 420/90R30 Front Tires, 480/80R46 Rear Tires with Duals, Delphi Radio.


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

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!