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Farm Power: New Holland tractor stars in Ritchie Bros. auction

Auction was held on May 10

Farms.com Auction Report
By Farms.com Media

A Ritchie Bros. auction held in Toronto, Ontario on May 10 was highlighted by a New Holland tractor selling for more than $115,000.

A 2012 New Holland T8.300 MFWD tractor sold for $117,500.

Specs: 1,546 hours, diesel, 257 hp, 18 spd powershift LH rev, diff lock, A/C cab, 4 hyd outlets, aux hyd, 540/1000 PTO, Q/C 3 pt hitch, frt weights, 380/85R34 F, 480/80R46 R, duals, frt duals, Intelliview 3.


2012 New Holland T8.300 MFWD tractor

A 2012 Kubota M8540D MFWD tractor sold for $49,000.

Specs: 671 hours, diesel, 85 hp, M36 loader w/ Q/C bucket, 12 spd LH rev, diff lock, A/C cab, 2 hyd outlets, 540 PTO, 3 pt hitch, 280/85R24 F, 460/85R30 R.


2012 Kubota M8540D MFWD tractor

A 2008 McCormick MTX120 MFWD tractor sold for $38,000.

Specs: 1,732 hours, diesel, 115 hp, HLA 4200 snow blade/pusher, 16 spd LH rev, diff lock, A/C cab, 540/1000 PTO, 3 pt hitch, 420/70R28 F, 520/70R38 R.


2008 McCormick MTX120 MFWD tractor

A Sunflower 1434-29 29ft. offset disc sold for $26,000.

Specs: 24 in. frt blade, 24 in. rear blade, 9 in. spacing, harrows.


Sunflower 1434-29 29ft. offset disc 

A 2006 Lode King 27ft. 6in. T/A pup hopper trailer sold for $20,000.

Specs: 60 in. axle spread, A/R susp, roll tarp.


2006 Lode King 27ft. 6in. T/A pup hopper trailer

A 1990 Case IH 1640 axial flow combine sold for $17,000.

Specs: 2,642 hours, reverser, VSR, auto HHC, rock trap, fine cut chopper, 24.5-32 F, 11.2x24 R, Screens.


1990 Case IH 1640 axial flow combine


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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.