ICE canola futures rebound on vegoils rise

WINNIPEG, Manitoba, June 3 (Reuters) - ICE canola futures rebounded on Tuesday on vegoils strength.

• July canola RSN5 settled up $12.10 at $698.70 per metric ton. November RSX5 rose $12.30 to $680.20. The gains did not recover all of Monday's losses.

• The July contract broke beneath the 20-day moving average on Monday and did not move back above it on Tuesday, causing some traders to worry about canola's ability to hold on to its relative strength versus other vegoils. Traders will have to decide whether to hold on to long positions in expectation of a resumption of the steady gains that began in March, or to take profits now, a trader said.

• Wildfires are causing an evacuation crisis in much of Western Canada, but not in agricultural areas. Spring seeding and grain transportation are not being substantially affected by the hundreds of thousands of hectares on fire.

• Chicago Board of Trade soyoil futures BOv1 rose 1.15%.

• Euronext August rapeseed futures COMQ5 rose 1.06% but stayed in a nearby range set May 29. Malaysian palm oil futures FCPOc3 rose 1.44% on India's reduction of edible oil import duties and on strength in the Dalian vegoils market. POI/

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