CBOT wheat settles weaker as China retaliates against US tariffs

April 4 (Reuters) - Chicago Board of Trade wheat futures closed lower on Friday as China imposed extra levies of 34% on all U.S. goods, deepening the trade war between the world's two biggest economies, analysts said.

• China has not recently been buying U.S. wheat, though tit-for-tat tariffs have raised fears that U.S. agricultural sales will generally suffer.

• U.S. soybeans are more at risk for export disruptions to China than wheat or corn, as China is the world's biggest soy importer, traders said.

• Beijing retaliated after U.S. President Donald Trump announced a 10% minimum tariff on most U.S. imports, with significantly higher duties for dozens of countries including China.

• CBOT May soft red winter wheat WK25 dropped 7 cents to end at $5.29 per bushel and touched a one-week low.

• K.C. May hard red winter wheat KWK25 fell 11-1/2 cents to $5.57-1/2 per bushel, and Minneapolis May spring wheat MWEK25 stumbled 6-3/4 cents to close at $5.84-1/2 a bushel.

• Euronext wheat futures steadied in late trading.