ICE canola futures little moved as Canadian election watched

WINNIPEG, Manitoba - April 28 (Reuters) - ICE canola futures were little changed on Monday as traders, farmers and canola users watched for Canadian election results and what those could mean for markets.

• July canola RSN5 settled down $5.40 at $696.40 per metric ton. The old crop-new crop spread tightened, with November RSX5 rising 50 cents to $660.90.

• Canada's election results will be reported Monday night. According to polls, the Liberal government of Mark Carney is expected to win re-election, but whether he will gain enough seats to form a majority is unclear. The election was heavily influenced by the statements and trade actions of U.S. President Donald Trump. Trump's threats to the Canadian economy and to its existence as an independent state saw an upsurge in nationalist feeling and increased Liberal support across the country.

• Chicago Board of Trade Soyoil BOv1 rose 1.3% and stayed at year-long highs on the July contract.

• Euronext rapeseed futures COMQ5 from August forward rose about 1%. Malaysian palm oil futures FCPOc3 fell 2.27% on weakness in competing vegoils. POI/

• The Canadian dollar CAD= weakened slightly but stayed near recent highs. CAD/