ICE canola futures weaken but stay relatively strong

WINNIPEG, Manitoba, Aug 26 (Reuters) - ICE canola futures weakened on Tuesday but were relatively stronger than soyoil, which fell hard on crop news.

• November canola RSX5 settled down $4.60 at $654.8 per metric ton. January RSF6 fell $4.60 to $666.90.

• Canola remains near the $660 level, which has been an important line of resistance and support for 16 months.

• Chicago Board of Trade soyoil futures BOv1 fell 2.53% following U.S. crop conditions news late Monday afternoon that U.S. soy conditions are better than trade expectations.

• Euronext rapeseed futures COMc1 fell 1.26%.

• Malaysian palm oil futures FCPOc3 fell 0.51% on weak Dalian palm. POI/

• The Canadian dollar CAD= strengthened. CAD/