ICE canola futures see light trade ahead of StatsCan report

WINNIPEG, Manitoba, June 26 (Reuters) - ICE canola futures moved little on Thursday as traders awaited the results of a seeded acreage survey on Friday.

• July canola RSN5 settled down 60 cents at $697.20 per metric ton on extremely light volume. November RSX5 fell $3.00 to $711.50, with relatively light volume.

• Traders are looking forward to fresh numbers on Friday, when Statistics Canada is scheduled to release its survey-based acreage estimates of the principal Canadian field crops that farmers intend to plant this year, based on their views in early June.

• A Reuters survey of traders found an average expectation of 21.7 million acres of canola to be in the StatsCan report, with a range of 20.7 to 22. Spring wheat is expected to be 19.2 million acres, 6.3 million acres of durum, 6.6 million acres of barley, 3 million acres of oats, 4.2 million acres of lentils and 3.1 million acres of peas.

• Many farmers were unsettled by trade battles between Canada, the U.S. and China during the pre-seeding period and many considered reducing canola acres and switching some land into crops like wheat instead. But the trade tensions eased, canola prices rallied, and most traders now expect farmers to have returned to their original plans.

• Chicago Board of Trade soyoil futures BOv1 rose 1.01%, rising for the first time since June 17.

• Euronext August rapeseed futures COMQ5 fell for the fourth session in a row, declining by 0.47%.

• Malaysian palm oil futures FCPOc3 rose 1.06% on Thursday but fell over the week. The Bursa exchange is closed for a holiday on Friday. POI/

• The Canadian dollar CAD= surged on weakness in the greenback as traders bet against the U.S. dollar due to talk about U.S. President Donald Trump replacing the Federal Reserve chair early and installing a more dovish head. CAD/