ICE canola futures continues tariff relief rally

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba - Feb 6 (Reuters) - ICE canola futures rose Thursday on continuing optimism following the postponement of U.S. tariffs on Monday afternoon.

• March canola RSH5 settled up $9.80 at $650.20 per metric ton, taking it to a level at which it has often faced resistance. Canola has risen more than $22 since the February 3 market open.

• Tariff threats from the U.S. have restrained canola purchasing from anxious traders and commercial users, but most traders and analysts believe canola stocks are tight, which is keeping prices firm in spite of the worries.

The Statistics Canada crop stocks report, out Friday at 7:30 a.m. CST, is being watched to see if it verifies the agency's December crop production report, which it pegged at 17.84 million metric tons. "This is the report card. At least, that's how it's viewed," said a trader about the Friday stocks report. With usage easier for traders to assess than production, the stocks number plus usage is a gauge for the final production number.

A Reuters poll of traders and analysts found an average expectation of 11.85 million metric tons in store as of December 31.

• Chicago Board of Trade soyoil futures BOv1 were up 0.69%, which is about half as much as canola rose.

• Euronext rapeseed futures COMc1 rose 0.92% and Malaysian palm oil futures FCPOc3 rose 1.59% on concerns about declining production. POI/

• The Canadian dollar CAD= stayed at historically weak levels, but was little moved. CAD/