ICE canola ends higher on supply-driven worries

May 20 (Reuters) - ICE canola futures rose on Tuesday following Monday's Canadian market holiday, led by the nearby July contract on concerns about tightening old-crop supplies of the oilseed due to brisk demand, traders said.

• July canola RSN5 settled up $15.60 at $718.30 per metric ton while new-crop November canola RSX5 ended up $7.30 at $681.00.

• While July canola led the gains, the November contract RSX5 drew support from worries that plantings for the 2025 harvest would fall short, given demand expectations and a narrowing window for planting in the Canadian Prairies.

• In Alberta, seeding of major crops was 47% complete as of May 13, the province said in a weekly report released on Friday, ahead of the five-year historical average of 26%. GRO/ALB

• Chicago Board of Trade July soyoil futures BON25 ended up 0.06 U.S. cent on Tuesday at 49.50 U.S. cents per pound and CBOT July soybeans SN25 ended up 2-1/4 U.S. cents at US$10.53 per bushel. SOY/C

• Euronext August rapeseed futures COMQ5 rose 0.72% and Malaysian palm oil futures FCPOc3 rose 0.67%. POI/

• The Canadian dollar CAD= strengthened against its U.S. counterpart as investors slashed bets on a Bank of Canada interest rate cut next month. CAD/