ICE canola futures slip while soyoil rises

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba - Feb 18 (Reuters) - ICE canola futures slipped Tuesday despite strength in the soyoil market, taking a breather following much fund buying last week.

• March canola RSH5 settled down $1.60 at $661.90 per metric ton. May and July were also down during the session, but by less, while November and other new crop months rose marginally.

• In recent sessions, funds have been aggressive buyers and now have a net long position, while farmers have been making lots of sales, traders said. Tuesday saw a marked lack of energy in trading, they said.

I think both groups have got their positions on and it was quiet today," said a trader.

Tuesday's session, which was the next following last week's trading due to the February 17 holiday in most Canadian provinces, leaves canola prices inside a recent range.

• Chicago Board of Trade soyoil futures BOv1 surged 2.97%, giving it big relative gain to canola on the day.

• Euronext August rapeseed futures COMc1 rose 0.71% and Malaysian palm oil futures FCPOc3 fell 0.84% Tuesday. POI/

• The Canadian dollar CAD= slightly weakened. CAD/