ICE canola futures fall on renewed tariff threats

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba - Feb 27 (Reuters) - ICE canola futures fell Thursday on renewed threats from the U.S. Trump administration that Canadian products would soon be hit by tariffs.

• May canola RSK5 settled down $6.30 at $658.10 per metric ton.

• Traders said the on-again, off-again nature of tariff statements from the Trump administration are almost daily hitting the canola market as well as the canola-soyoil spread. Tariffs are likely to cut U.S. imports of Canadian canola oil and encourage more demand for U.S. soyoil for biofuel production.

• Canola has relatively tighter fundamentals than soyoil or Asian palm oil, traders said, so the fall in price Thursday is relatively greater than its nominal drop.

• Donald Trump said Thursday he still plans to impose tariffs on Mexico and Canada on March 4, flipping the tenor of comments from administration officials yesterday that tariff imposition could be delayed until April.

• Chicago Board of Trade soyoil futures BOv1 fell 0.53%.

• Euronext rapeseed futures COMc1 rose 1.22% and Malaysian palm oil futures FCPOc3 fell 2.17% on general vegoils weakness and predictions of increased production in 2025. POI/

• The Canadian dollar CAD= fell to a three-week low. CAD/