ICE canola futures fall as North American vegoils remain subdued

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba, Feb 25 (Reuters) - ICE canola futures fell slightly Tuesday, edging beneath the selloff levels on Monday as gloom over North American vegoils continues.

Most-traded canola RSK5 settled down $2.30 at $657 per metric ton. Other months saw similar losses.

Traders said canola and soyoil continue to struggle with uncertainty over U.S. biofuels policies and potential tariffs. Soyoil would be helped by tariffs on Canadian canola as a biodiesel feedstock, but any lessening of U.S. support for biofuels production would hurt both vegoils.

Chicago Board of Trade soyoil futures BOv1 fell 0.54%.

Euronext rapeseed futures COMc1 rose 1.29% and Malaysian palm oil futures FCPOc3 stayed near the Monday close, which came after a sharp drop, on a day that saw a recovery then selloff. POI/

The Canadian dollar CAD= fell for a second day. CAD/