02/01/2026 Sunday Market Preview

Grains set up for a mixed start while bids and offers stack up a little firmer for corn and weaker for soybeans. Price action will stay heavily dependent on the starting swings for equities, oil, metals, and the dollar. In the Headlines Bitcoin was selling off over the weekend to extend its 5-day loss to more than $10,000, to around $78,000. Observers are seeing a combination of selling by ‘whales’ holding the largest positions and by traders forced to liquidate for having too much leverage. Outflows from exchange-traded-funds were especially notable on Friday as financial markets were readjusting on news that President Trump had picked a nominee for central bank chair. Trump’s Fed Chair nominee Kevin Warsh surprised the market because of Warsh’s hawkish-leaning history covering his time as a Fed governor through the 2008 financial crisis. Part of the market response was for the dollar to strengthen while cryptocurrencies and metals corrected lower. Interest rate odds were largely unaffected for the moment so that the next cut to the Fed funds rate was still expected for June. Crude oil was in focus after prices rallied on new tensions with Iran. There was talk of resuming nuclear talks but also…