CBOT soybeans down on falling crude oil prices

CHICAGO, Feb 2 (Reuters) - Chicago Board of Trade soybean futures ticked lower on Monday, tracking a slump in crude oil prices.

• A rising dollar, which makes U.S. exports less competitive, has put pressure across the board on commodities. The dollar clung to its gains on Monday as investors weighed what the U.S. Federal Reserve under Kevin Warsh might look like, with his preference for a smaller balance sheet.

• Corn and soybeans, whose byproducts are used to produce biodiesel, often track weakness in crude oil prices.

• In South America, 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.

• Brazil's soybean production is expected to reach 181.6 million metric tons in 2025/26, consultancy firm StoneX said on Monday, raising its outlook by 2.3% from a January projection.

• CBOT March soybeans SH26 settled down 4 cents to $10.60-1/4 a bushel.

• CBOT March soymeal SMH26 closed 90 cents higher to $294.50 per short ton.

• CBOT March soyoil BOH26 fell 0.31 cent to end at 53.2 cents per pound.