CBOT soybeans down on profit-taking, dollar strength

CHICAGO, Jan 30 (Reuters) - Chicago Board of Trade soybean futures fell on Friday on profit-taking and traders adjusting positions before the end of the month. The dollar also regained strength, in theory making U.S. exports less competitive on the global market.

• Investors adjusted their positions and took profits after a volatile week throughout the markets, according to analysts.

• President Donald Trump on Friday chose Warsh to head the U.S. central bank when Jerome Powell's leadership term ends in May. Warsh is seen as likely to support lower interest rates but would stop well short of the more aggressive easing associated with some of the other potential nominees.

• Recent rains across key agricultural regions in western Argentina improved soil moisture conditions, yet soy crops will still need more rainfall in coming weeks to avoid yield losses, the Buenos Aires Grain Exchange said on Thursday.

• Brazil is in the early stages of harvesting what is forecast to be a record soybean crop. Traders expect China to turn mainly to Brazil for imports in the coming months after a recent wave of U.S. soybean purchases.

• CBOT March soybeans SH26 settled down 8 cents at $10.64-1/4 a bushel.

• CBOT March soymeal SMH26 closed down $2.40 at $293.60 per short ton.

• CBOT March soyoil BOH26 fell 0.52 cent to end at 53.51 cents per pound.