European wheat futures ended lower as a pre-weekend rally faded in the face of still tepid export activity. Benchmark December milling wheat on Paris-based Euronext settled 2.00 euros lower at 200.50 euros a tonne, retreating from an earlier 12-day high of 203.75 euros. Wheat markets had rebounded from multi-week lows, led by a surge in Chicago as a rare purchase of U.S. wheat by Egypt’s state buyer boosted market sentiment. But futures turned lower as traders set the Egyptian news against sluggish overall U.S. and European Union exports as well as upward revisions to Russian supply. The medium-term hope is that Russian export supplies will start selling out and that other origins will get more of a chance in export markets currently dominated by Russia.