Oilseed rape prices rebounded this week, buoyed by firmer crude oil markets, with the Farmers Weekly spot average rising by £9/t to £246.40/t ex-farm on Wednesday.

“Export data from the US last Thursday showed substantial Chinese purchases, with weekly new crop sales to China of almost 888,000t, helping to ease market nervousness,” said an AHDB report.

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Adding to the support, German winter rapeseed output was estimated to be 20% lower than last year, at 5.1m tonnes, due to reduced plantings and adverse weather.

In contrast, feed wheat prices fell by around £2/t on the week to average £101.60/t ex-farm after the International Grains Council (IGC) increased its 2015-16 global wheat crop estimate to 720.3m tonnes.

“This is 10m tonnes above its previous estimate in July and on par with the record 2014-15 crop – but is below the 726.6m tonnes projected by the USDA,” said the AHDB report.

The IGC increased its EU wheat estimate from 148.5m tonnes in July to 151.9m tonnes, with Russian and Ukrainian crops raised from 55m tonnes and 22m tonnes to 59m tonnes and 25m tonnes, respectively.

“However, Canadian wheat output was revised down 2.5m tonnes to 25.5m tonnes.”