ICE canola futures fall, retreating from February highs

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba - Feb 28 (Reuters) - ICE canola futures fell Friday on soyoil weakness, ending February at about where it started.

• May canola RSK5 settled down $6.00 at $651.10 per metric ton. All 2025 months fell similar amounts.

• Canola began the month with a rise, but after closing at $647.60 on February 3 it couldn't move past a long-term resistance level at about $680, and fell right after reaching it February 20. Canola has repeatedly reversed after reaching the $680 zone.

• "We've been in this range for most of a year now," said broker David Derwin of Ventum Financial. "We've done this three, four times."

• The canola market has struggled in recent weeks as tariff threats from the U.S. and anti-dumping investigation worries from China undermine confidence. But every time tariffs seem to be getting delayed, the market has strengthened against soyoil.

• Chicago Board of Trade soyoil futures BOv1 fell hard, declining 2.71% and relatively weakening against other vegoils, as Chicago agricultural futures fell.

• Euronext rapeseed futures COMc1 fell 0.98% and Malaysian palm oil futures FCPOc3 rose 0.95%. POI/

• The Canadian dollar CAD= was flat. CAD/