European wheat futures fell to the lowest levels in nearly three weeks as a firm euro exacerbated an already difficult export outlook amid stiff competition from the Black Sea region. Concerns about export prospects reinforced when Egypt’s state buyer GASC said it had bought 0.17 MMT of Russian wheat in an international purchasing tender. Russian wheat’s supremacy is continuing and the weather alerts in the southern hemisphere are not enough. In its first forecast for the 2017/18 crop, food supply and statistics agency Conab estimated Brazilian grain production at between 224.1 MMT and 228.2 MMT, compared with 238.5 MMT in the prior cycle.