ICE canola futures fall on tariffs, vegoil weakness

WINNIPEG, Manitoba - March 4 (Reuters) - ICE canola futures fell on Tuesday, as U.S. tariffs on all Canadian products, including canola, were imposed. Global weakness in vegoil crops contributed to the losses.

• May canola RSK5 settled down $24.60 at $621.30 per metric ton.

• Not all traders expected the 25% tariffs to be imposed, after previous delays have encouraged some to believe the threat of tariffs was just a negotiating tactic.

• The relative weakness in canola caused some investment funds to reduce large net long positions. "A move like this gets them to bail on a position like that," said Tony Tryhuk of RBC Dominion Securities.

• Chicago Board of Trade soyoil futures BOv1 fell 1.49% on broad vegoils weakness.

• Euronext August rapeseed futures COMc1 fell 3.08% and Malaysian palm oil futures FCPOc3 fell 3.01%. POI/

• The Canadian dollar CAD= fell on trade war worries. CAD/