I am quite sure the rings will be seized to the sleeves. the rain will run past the rings into the oil pan. my first priority is to see if the engine will turn over. ya as jim says. once ready to start I would not even run it with that old oil, just me though. plus once water is out of cyl's squirt some atf or other light oil in them before trying to turn engine over. and if able to move crank do not go in one direction. go back and forth each time gaining ground. in one direction you will just stick it more. do not try the first attempt with a battery. put some water on steel and you will see how fast rust forms. it will be few days not weeks.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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