Grains and Oilseeds Fall as Dollar Strengthens on Trump Fed Pick

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By Erin Ailworth

January 30, 2026 at 6:52 AM UTC

Updated on

January 30, 2026 at 4:28 PM UTC

Grain and oilseed futures fell Friday amid a strengthening US dollar as President Donald Trump announced Kevin Warsh as his pick for the top job at the Federal Reserve.

Chicago wheat shed as much as 1.1%, even as it remained on track for the biggest monthly gain since September 2024. Soybeans and corn also were down.