CBOT wheat falls on tariff worries
CHICAGO, Feb 28 (Reuters) - Chicago Board of Trade wheat futures ended lower on Friday as traders feared the impact of potential new U.S. tariffs on goods from Mexico, Canada and China.
CBOT May soft red winter wheat WK25 settled down 6-3/4 cents at $5.55-3/4 per bushel.
K.C. May hard red winter wheat KWK25 ended down 12-1/4 cents at $5.73 a bushel and Minneapolis May spring wheat MWEK25 fell 7 cents to finish at $5.97-3/4 a bushel.
Wheat futures were under pressure with the possibility looming of new U.S. tariffs on Mexican, Canadian and Chinese imports. U.S. President Donald Trump said the tariffs were on track to be implemented March 4, after saying on Wednesday they could begin in April.
Upcoming dry weather in parts of the U.S. Plains poses a risk to the U.S. wheat crop as it exits dormancy, according to analysts.
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