Euronext wheat prices have been falling for three consecutive days, reaching a four-month low due to the attraction of cheaper Black Sea supplies, despite disappointing harvests in western Europe, especially in France. The decline is attributed to adjustments ahead of options expiry and the narrowing export surplus. France is struggling to find overseas demand for its wheat, which has mixed quality, potentially forcing suppliers to sell at lower prices. The slow start to the EU wheat export season and early imports of wheat and corn from Ukraine are also contributing to the bearish sentiment. Direct talks between Egypt and suppliers are being monitored, with Black Sea origins, including Russian wheat, being a focal point as Egypt aims to increase its Black Sea wheat purchases.