ICE canola futures relatively strong in face of vegoils weakness

WINNIPEG, Manitoba, July 31 (Reuters) - ICE canola futures were little moved on Thursday despite weakness in competing vegoils.

• Volume fell to levels they were at before Wednesday's surge.

• November canola RSX5 settled down 90 cents at $695.40 per metric ton. January RSF6 settled down $1.60 at $705.90.

• CN Rail reported that rail shipments of crops have fallen sharply "primarily due to reduced grain availability." The most recent week saw a decline of 24% from week-before levels and was 5% beneath the three-year average.

• A trader said canola showed relative strength on Thursday by staying firm despite the sharp selloff in Chicago soyoil. Days of weakening in the Canadian dollar have helped keep futures at present nominal levels.

• Traders have been watching for signs of canola stocks finally running low. All winter traders debated the true size of the canola crop, with few accepting Statistics Canada's December estimate of production, an estimate the agency later raised by hundreds of thousands of tons.

• Chicago Board of Trade soybean futures Sv1 0.65% and soyoil futures BOv1 plunged 2.44% as traders settled positions following Wednesday's intra-day contract high.

• Euronext August rapeseed futures COMQ5 fell 1.61%.

• Malaysian palm oil futures FCPOc3 fell 1.07% Thursday and were falling in Friday trading. POI/

• The Canadian dollar CAD= for a sixth straight session. CAD/