ICE canola futures continue comeback

REGINA, Saskatchewan - March 19 (Reuters) - ICE canola futures continued their rebound from last week's deep selloff, rising modestly for a third session in a row on a lack of selling pressure.

• May canola RSK5 settled up $10 at $584.20 per metric ton. July canola RSN5 rose $8.80 to $594.70, close to the psychologically important $600 level. November canola RSX5 at $598.50 is also tickling the underside of $600, a price at which traders expect to see increased new crop selling by farmers.

• A trader said farmers "shut the bin doors" when prices dropped through $600. Farmers are busy getting ready for spring seeding, they have little unpriced crop left on-farm, and they will need to be convinced to make more sales, traders said.

• Canola market participants are anxiously watching China, which previously announced that March 20 would be the beginning of 100% tariffs on Canadian canola oil and a 25% tariff on Canadian canola meal. A Chinese anti-dumping investigation on Canadian canola seed is ongoing.

• Chicago Board of Trade soyoil futures BOv1 fell 0.42%.

• Euronext rapeseed futures COMc1 rose 0.53% and Malaysian palm oil futures FCPOc3 rose 0.53% but fell during the session from a much stronger open, after Indonesia said it would raise its palm export levy. POI/

• The Canadian dollar CAD= fell slightly. CAD/