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Farms.com Home  › Farm Equipment News

Farm Power: New Holland 8770 tractor sells for $64K

Tractor sold by Shackleton Auctions

Farms.com Auction Report

By Farms.com Media

This New Holland 8770 MFWD tractor sold for $64,000 to a buyer from Walkerton at a Shackleton Auctions event in Owen Sound, Ontario on April 16.

Specs: MFWD, c/w 20.8x42 rears & axle duals, 420/85R30 fronts, super steer, 3 remotes, front weight, air seat and only 5477 hours.

New Holland tractor

Trending Video

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!

 
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