As farmers begin heading to the fields for planting, Sandhills Global and TractorHouse report U.S. inventories of used planters continued on a downward trend in April. Used planter inventories were down 4.22% month-over-month and down 13.15% year-over-year in April. 

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Asking values in this market remained relatively stable, with slight decreases of 0.28% month-over-month and 1.36% year-over-year in April.

Auction values, on the other hand, rose by 1.2% month-over-month and 10.51% year-over-year in April while maintaining a sideways trend.

The Equipment Value Index spread for used planters dropped two points to 51% in April, still lower than the peak values observed in 2015.

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