ICE canola futures consolidate near 19-month peak

WINNIPEG, Manitoba, June 20 (Reuters) - ICE canola futures spent most of the week consolidating near 19-month highs, dropping slightly on Friday but gaining almost 3% for the week for the November contract.

• November canola RSX5 settled down $1.40 at $742.70 per metric ton. July RSN5 settled down $1.40 at $743.60.

• The July-November spread has almost disappeared, with the present weather worries trumping concerns over low stocks, traders said.

• The June 27 Statistics Canada seeded area report is being closely watched for signs of significant shifts out of canola acres. Dry conditions and trade war fears have had some analysts expecting farmers to back away from canola, while others believe farmers hardly ever change their plans once made months ago and won't this year.

• Chicago Board of Trade soyoil futures BOv1 fell 0.55% following Thursday's Juneteenth holiday.

• Euronext August rapeseed futures COMQ5 rose 1% and hit new contract highs on Friday.

• Malaysian palm oil futures FCPOc3 rose 0.34% on Friday in a week that began with a jump in values but then consolidated at nearly two-month highs. POI/

• The Canadian dollar CAD= lost against the greenback on Friday and had a loss for the week. CAD/