Bloomberg - Soy Futures Fall Most in Three Weeks as US Dollar Consolidates

Bloomberg - Soy Futures Fall Most in Three Weeks as US Dollar Consolidates

By Ben Westcott and Pyotr Kozlov

(Bloomberg) -- Soybeans dropped dropped the most in three
weeks while grains futures also fell, as a stronger US dollar
dampened demand for American agricultural exports.

Contracts for March delivery fell as much as 1.2%, their
sharpest drop since January 12; wheat and corn also gave up much
of last week’s gains.

The declines came after the US dollar tracked slightly higher
on Monday, consolidating upward momentum after President Donald
Trump named Kevin Warsh as his pick for Federal Reserve chair.
Warsh aligned himself with Trump in 2025 by arguing publicly for
lower rates, going against his reputation as an inflation hawk.

Volatility in precious metals is spilling into other markets,
including grains, both through broader risk sentiment and margin
calls pushing investors to rebalance, said Mike Verdin, a
consultant at CRM AgriCommoditites.

 “At the same time, weather fears have eased somewhat, with
rain helping Argentine corn and soybeans and earlier freeze
concerns in the Black Sea and the US fading for now,” Mike
Verdin added.