CBOT wheat ends down after climbing to July highs
CHICAGO, Feb 23 (Reuters) - Chicago Board of Trade wheat futures fell on profit-taking on Monday, analysts said, as the market pulled back after reaching its highest levels since July.
CBOT March soft red winter wheat WH26 ended down 4 cents at $5.69-1/2 a bushel. The contract earlier hit its highest level since July 25.
K.C. March hard red winter wheat KWH26 dropped 12-1/4 cents to end at $5.60 per bushel, and Minneapolis March spring wheat MWEH26 closed down 5 cents at $5.82-1/4 per bushel.
Euronext wheat also fell as a firmer euro and confusion over U.S. tariff levels curbed prices, traders said.
Analysts said there was uncertainty over U.S. crop exports after the Supreme Court struck down President Donald Trump's sweeping import tariffs on Friday.
On Saturday, Trump increased the temporary duty to 15% on U.S. imports from all countries, the maximum allowed by the law.
U.S. Trade Representative Jamieson Greer on Sunday said no countries that had reached trade deals with the U.S. had shared plans to withdraw following the Supreme Court decision.
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