The Madaras brickyard section found at the northernmost fringe of the Backa loess plateau is one of the thickest and best-developed last glacial loess sequences of Central Europe. In the present work high-resolution magnetic susceptibility measurements (at 2 cm) were implemented on samples from the 10 m-section corresponding to a period between 29 and 11 KY cal b2K. One aim was to compare the findings with the ice core records of northern Greenland in order to establish a high-resolution paleoclimatic record for the last climatic cycle and with findings documented in other biotic and abiotic proxies so far. Our results revealed a strong variability of loess/paleosol formation during MIS 2. Millennial time-scale climatic events that characterize the North Atlantic during the last climatic cycle have been identified. From 29 ka up to the start of the LGM, the recorded MS values show a weak, negative correlation with the temperature proxy, and a weak positive correlation with the dust concentration of Greenland. A strong correlation was observed with the local paleotemperatures. Local climatic factors must have had a more prominent effect here on loess/paleosol development than the climate shifts over Greenland. During the LGM the same pattern is seen with a stronger correlation with the dust concentrations and a weaker correlation with the local temperature. Local climatic factors, plus dust accumulation, must have had a prominent influence on loess/paleosol development here. From the terminal part of the LGM a strong positive correlation of the MS values with the temperature proxy for Greenland accompanied by a strong negative correlation with the dust concentration values is observed. Correlation with local paleotemperatures is positive and moderate, strong. Here climate shifts over Greenland, as well as local endowments equally had an important role on the development of the MS signal.