ICE canola July futures near 11-month high on soyoil strength

WINNIPEG, Manitoba - April 24 (Reuters) - ICE canola futures rose more than 2% on Thursday as soaring soyoil futures drove vegoils higher.

• July canola RSN5 settled up $15.10 at $697.40 per metric ton, taking that contract to its highest in almost 11 months. November RSX5, which is the first contract representing the crop grown in 2025, rose just $4.20 to $657.10.

• The July-November spread has widened dramatically to more than a $40 per metric ton discount of November to July. In early March, November stood briefly at a more than $10 premium to July.

• Traders said strength in Chicago soyoil pulled canola higher in the nearby market.

• Chicago Board of Trade soyoil futures BOv1 jumped 3.58%. USDA weekly export sales showed 42,000 metric tons going to India.

• Euronext rapeseed futures COMc1 rose 0.63%. Malaysian palm oil futures FCPOc3 were flat on Thursday after two days of rising%. POI/

• The Canadian dollar CAD= rose slightly. CAD/