Chicago wheat futures experienced a slight decline despite reaching a four-month peak due to concerns over cold temperatures affecting crops in the Black Sea and U.S. Plains regions. Soybean futures remained relatively stable, while corn prices saw a minor increase. The tightening supply of corn and wheat is expected due to upcoming seasonal challenges, although soybeans are projected to be more abundant. The delay in President Trump imposing tariffs on agricultural trade and the weakening U.S. dollar have contributed to the support for grain prices. However, concerns over potential damage to dormant crops from cold temperatures in Russia and the U.S., along with poor wheat crop conditions in France, could lead to further price fluctuations. In South America, Argentina sees potential recovery from drought through recent rains, while Brazil's soybean harvest is progressing more slowly than last year.