ICE canola futures rise on vegoil optimism

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba - Feb 20 (Reuters) - ICE canola futures rose Thursday on a day that saw resumed strength in soyoil.

• Most-traded May canola RSK5 settled up $6.10 at $680.10 per metric ton. Other contract months had similar but slightly stronger gains.

Futures prices are now at the top of a recent range and at their highest since November 19. Traders say tight fundamentals aren't fully represented in prices because of threats from both the U.S. and China to hit Canadian canola exports. Greater gains are expected if those threats diminish.

• Chicago Board of Trade soyoil futures BOv1 rose 2.12%, more than reversing day-before weakness.

"These are two markets that have a few clouds hanging over them," said a trader about soyoil and canola. "They're waiting for clarity on some of them, but we're not going to get those really fast."

• Euronext rapeseed futures COMc1 rose 0.71% and Malaysian palm oil futures FCPOc3 fell 0.64% Thursday. POI/

• The Canadian dollar CAD= rose and stayed at a multi-month high and resistance level. CAD/