ICE canola futures fall, finish higher for the week

WINNIPEG, Manitoba, April 4 (Reuters) - ICE canola futures fell on Friday but finished with a small weekly gain after a tumultuous week.

• May canola RSK5 settled down $13.90 at $622 per metric ton. July RSN5 showed similar weakness, while November RSX5 fell $10.60 to $615.20 per ton, reducing the old crop's premium to new crop.

• The week saw energetic volumes, traders said, as U.S. President Donald Trump's tariffs were unveiled on Wednesday, providing many with a reason to take positions either way.

• Soyoil set the stage for canola prices. "Canola is still going to be determined by what happens to soybeans and soyoil," said broker David Derwin of Ventum Financial.

• Chicago Board of Trade soyoil futures BOv1 also saw marginal gains for the week, but marked by a firm rise and then selloff based on speculation about and then reaction to Trump's tariff announcement.

• Euronext August rapeseed futures COMc1 fell for the week and saw four down days, while Malaysian palm oil futures FCPOc3 fell in the holiday-shortened week, with a 2.27% decline on Friday, closing near the daily low. POI/

• Crude oil CLc1 floundered on Thursday and Friday, pulling support away from vegoil markets. The Canadian dollar CAD= fell for a third day. CAD/