CBOT wheat ends higher as tariff pause announced

April 9 (Reuters) - Chicago Board of Trade wheat futures closed up on Wednesday as President Donald Trump said the U.S. would put a 90-day pause on many of the sweeping tariffs announced last week.

• CBOT May soft red winter wheat WK25 settled up 2-1/4 cents at $5.42-1/4 per bushel.

• K.C. May hard red winter wheat KWK25 ended up 6-1/2 cents at $5.68 per bushel, and Minneapolis May spring wheat MWEK25 rose 7-3/4 cents to finish at $6.08-3/4 a bushel.

• Wheat rose alongside soy and corn futures, as well as crude oil CLc1 and equity markets after Trump said he would pause the tariff increases announced last week for most countries, even though the U.S. will raise tariffs to 125% on China.

• Dryness has continued to linger over roughly a third of wheat in the U.S. Plains, posing a risk to the nascent wheat crop, according to an analyst note.

• The U.S. Department of Agriculture is expected to report weekly export sales for wheat in the range of 100,000 metric tons of net cancellations to net export sales of 400,000 metric tons for 2024/2025, according to a Reuters poll of analysts.