ICE canola futures continue recovery from tariff slump

WINNIPEG, Manitoba - March 7 (Reuters) - ICE canola futures rose for the third consecutive day on Friday, ending a week that saw a sharp drop on U.S. tariff imposition then recovery on their postponement.

• May canola RSK5 settled up $12.50 at $645 per metric ton.

• The Trump administration's suspension of tariffs on most Canadian products for another 30 days reversed the shock of Tuesday, when 25% tariffs on all Canadian products were imposed. Many had assumed they would never be applied.

• Trader and analyst John Duvenaud of Duvenaud and Associates said the market seems to have relaxed. "Have we resolved this? I think not. But it's really unclear. But today, I guess, the world feels that we really will be OK."

• Chicago Board of Trade soyoil futures BOv1 also rose for a third consecutive day.

• Euronext rapeseed futures COMc1 fell 1.54% and Malaysian palm oil futures FCPOc3 rose 3.24%. POI/

• The Canadian dollar CAD= fell. CAD/