ICE canola futures rise before stocks report

WINNIPEG, Manitoba, May 7 (Reuters) - ICE canola futures in pre-report shuffling on Wednesday, as other vegoils fell.

• July canola RSN5 settled up $7.60 at $701.30 per metric ton. November RSX5 rose $7.01 to $663.

• Traders said tight canola stocks and speculation about what might be reported by Statistics Canada in its May 8 quarterly stocks report could be behind canola's independent action Wednesday.

• "It stuck out, with bean oil going down," said options broker David Derwin of Ventum Financial.

• A Reuters survey found average analyst expectations of 6.09 million tons of Canadian canola stocks at March 31. The Statistics Canada report is scheduled to be released at 7:30 CDT Thursday.

• Chicago Board of Trade soyoil futures BOv1 fell 2.11%.

• Euronext August rapeseed futures COMQ5 fell 1.05%. Malaysian palm oil futures FCPOc3 fell 1.69%. POI/

• The Canadian dollar CAD= was little moved. CAD/