* Worry new corona strain may hit economic recovery
* Grains and soybeans follow global markets down
* Stronger dollar a burden for U.S. grain, soy exports
* (Recasts with European trade, adds new comment, changes dateline)
By Michael Hogan
HAMBURG, Dec 21 (Reuters) - U.S. soybeans, wheat and corn fell on Monday as other global markets dropped on concern about the impact of a new coronavirus strain hitting Britain.
European equities slumped as the rapid spread of the new strain forced more stringent curbs in England and travel bans. Crude oil prices saw their biggest daily fall since June on worries about a slower recovery in fuel demand.
Chicago Board of Trade most-active soybeans were down 0.1% at $12.19-1/4 a bushel at 1143 GMT, having earlier hit $12.32 a bushel, their highest since June 2014.
Wheat fell 1.4% to $599-1/2 a bushel and corn fell 0.6% to $4.34-1/2 a bushel.
“Soybeans, wheat and corn are all down today on concern about the possible economic damage from the new virus strain hitting Britain coupled with the strength in the dollar which is a burden for U.S. exports,” said Matt Ammermann, StoneX commodity risk manager.
“Otherwise the fundamental factors for soybeans and grains remain unchanged and price-supportive. South Brazil and Argentina remain too dry which is bad news for soybean and corn crops.”
Soybean futures hit 6-1/2 year highs on Friday as the outlook for rain needed by crops in key South American growing areas remained uncertain, threatening harvest prospects as global demand strengthens. Argentine soybean planting has been slowed by dryness.
A strike by Argentine oilseed workers continues.
Wheat rose last week after Russia’s government announced measures to cool food prices, including a wheat export tax in February.
“Russia is no longer an aggressive seller in the wheat market in the approach to export restrictions in February,” Ammermann said. (Reporting by Michael Hogan, additional reporting by Colin Packham, editing by Kirsten Donovan)
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