ICE canola futures ease in flat week

WINNIPEG, Manitoba - March 21 (Reuters) - ICE canola futures fell a buck Friday but ended this week inside a range since the sharp selloff last week.

• May canola RSK5 settled down $1 at $571.70 per metric ton. July fell $2.40 to $581.80.

• China's 100% tariffs against Canadian canola oil and meal came into force Thursday, but traders say that particular risk was priced-in within a few days. This week saw little net move, with the direction sideways.

• "The initial panic has certainly subsided," said options broker David Derwin of Ventum Financial. "We're at a natural place to bounce around for a little bit until something new comes out."

• China's tariffs come on top of the threat from the U.S. Trump administration to impose 25% tariffs on most Canadian products from April 2, including canola products like oil and meal, for which the U.S. is the Canadian crop's most important market.

• Chicago Board of Trade soyoil futures BOv1 fell 1.64% and was also mostly flat on the week, suggesting that soyoil is still driving the canola market, traders said.

• Euronext rapeseed futures COMc1 rose 0.41% Friday, finising a week of steady rises after a small Monday decline. Malaysian palm oil futures FCPOc3 fell 0.86% Friday and also had a mostly flat week. POI/

• The Canadian dollar CAD= rose Monday but otherwise remained within a nearby range versus the U.S. dollar. CAD/