ICE canola futures rise as uptrend resumes

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba - Feb 14 (Reuters) - ICE canola futures rose Friday following a two-day setback, with bullish sentiment continuing.

• March canola RSH5 settled up $4.90 at $663.50 per metric ton, notching a gain for the week.

• Traders said canola stocks are still disappearing at a good pace and prices are attractive compared to other vegoils, so the weakness of Wednesday and Thursday has not been seen as a sign of a reversal of the recent uptrend.

The move also has technical support. "It makes sense on the charts," said broker David Derwin of Ventum Financial. "It fits within normal trading behaviour."

The weekly gain in canola values comes as market participants become comfortable with tariff threats coming out of the White House, traders said. The lack of a significant selloff in recent weeks despite numerous threats suggests canola has strong legs under it, they said.

• Chicago Board of Trade soyoil futures BOv1 fell 0.39% but soybeans Sv1 rose 0.58%.

• Euronext rapeseed futures COMc1 rose 0.86% but stayed at a recent plateau, and Malaysian palm oil futures FCPOc3 rose 0.83% on renewed concern of tight stocks. POI/

• The Canadian dollar CAD= rose, keeping it stronger than it has been since mid-December. CAD/