April 3 (Reuters) - Chicago Board of Trade wheat futures weakened on Thursday on worries that U.S. agricultural exports will suffer if other nations retaliate against President Donald Trump's sweeping new tariffs, analysts said.
Traders were watching for potential retaliatory tariffs from China, Japan and the EU
A drop in the dollar .DXY helped limit losses as it tends to make U.S. goods look more competitive globally, traders said.
U.S. wheat export sales in the week ended on March 27 exceeded analysts' estimates at 340,000 metric tons for 2024-25. The sales were up 40% from the prior four-week average, according to the U.S. Department of Agriculture.
Analysts monitored U.S. weather conditions amid concerns that dryness and frost may threaten wheat crops in the Plains region.
CBOT May soft red winter wheat WK25 fell 3-1/4 cents to end at $5.36 per bushel.
K.C. May hard red winter wheat KWK25 finished up 1/2 cent at $5.69 per bushel, and Minneapolis May spring wheat MWEK25 sagged 1-1/4 cents to close at $5.91-1/4 a bushel.
(Reporting by Tom Polansek in ChicagoEditing by Matthew Lewis and Diane Craft)
((Thomas.Polansek@thomsonreuters.com))
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