ICE canola futures in holding pattern, awaiting tariff decision

WINNIPEG, Manitoba - March 24 (Reuters - ICE canola futures finished flat on Monday, as traders await next week's decision on U.S. tariffs.

• May canola RSK5 settled up 50 cents at $572.20 per metric ton.

• Last week saw canola futures rangebound near the bottom of the sharp selloff the week before, after China announced tariffs on Canadian canola oil and meal. On April 2, the U.S. Trump administration might reimpose 25% tariffs on Canadian products including canola, for which there has been a 30-day exemption since March 4.

• "What's going to happen (next) Tuesday?" said Resilient Capital analyst Jerry Klassen about the upcoming tariffs deadline. The selloff on the China announcement includes some of the risk of the U.S. tariffs, Klassen said, but if they are actually imposed "we're probably going down $100 a ton."

• Chicago Board of Trade soyoil futures BOv1 rose 0.33% in light-volume trading.

• Euronext rapeseed futures COMc1 rose 1.11% and Malaysian palm oil futures FCPOc3 fell 1.33% on weakness in the vegoils complex, taking it to two-month lows in recent sessions. POI/

• The Canadian dollar CAD= strengthened. CAD/