CBOT wheat dips down as traders await Trump tariff actions
Jan 31 (Reuters) - Chicago Board of Trade wheat futures fell on Friday as market players waited to see if U.S. President Donald Trump would follow through on 25% tariffs against Mexico and Canada, slated for Feb. 1.
CBOT March soft red winter wheat WH25 settled down 7 cents to $5.59-1/2 per bushel.
K.C. March hard red winter wheat KWH25 ended down 9 cents at $5.79-1/4 per bushel.
Minneapolis March spring wheat MWEH25 fell 4-3/4 cents to end at $6.15-1/2 per bushel.
For the week, most-active wheat Wv1 increased 2.85%.
Analysts have warned that Trump's threatened tariffs on goods from Canada and Mexico could spark retaliation from two of the largest importers of U.S. agricultural goods.
Dry weather is impacting the U.S. southwest Plains as its hard red winter wheat crop exits dormancy, according to Commodity Weather Group.
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