You have one of the valves bad or out of adjustment in the Selective control valve on the left side. There are four valves inside the control valve.
When you are running a single acting cylinder you should be running the lever in the float position. It is much easier on the tractor and the valve. When you let it down by powering it down you are dead heading the system against the coupler. When you kick it to float all that happens is the low pressure valve in the control valve is open to the sump.
There are two holes in the control arm. If the linkage is in the bottom hole you will not be able to get the valve into float. Remove the console cowl and put the linkage into the top hole and then you should be able to feel it go into the float detent.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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