ICE canola futures rebound on vegoil strength

LANGHAM, Saskatchewan, July 15 (Reuters) - ICE canola futures rebounded on Tuesday with general vegoils strength.

• November canola RSX5 settled up $8.60 at $690.80 per metric ton. January RSF5 rose $8.00 to $698.90.

• Traders are closely watching the Western Canadian weather. Canola crops are a mixed-bag, with some areas in excellent condition and others looking terrible due to drought and heat in early July.

• Analyst David Drozd of AgChieve said canola is at the bottom of a range between $695 and $750 and he expects it to remain within that range. "It's been supported by the bean oil market, which is very strong," said Drozd.

• Chicago Board of Trade soyoil futures BOv1 rose 0.74%.

• Euronext August rapeseed futures COMQ5 rose 2.25%.

• Malaysian palm oil futures FCPOc3 fell 1.84% on profit-taking after two sessions of gains, as well as weak export data. POI/

• The Canadian dollar CAD= slightly weakened. CAD/