ICE canola futures lag soyoil, touch sub-$600

WINNIPEG, Manitoba, Oct 1 (Reuters) - Nearby ICE canola futures briefly fell beneath $600 on Wednesday before rebounding, but lagged far behind soyoil's hefty gain.

• November canola RSX5 settled up $2 at $607.20 per metric ton. January RSF6 rose $1.50 to $619.70.

• The November contract's sojourn beneath $600 on Wednesday is likely to spook farmers, a trader said, but it is hard to anticipate their response. Many have good wheat and other crops they can sell instead of canola if they choose to lock the bin doors until they see better prices.

• Canada's new crop canola exports and movement are far behind last year's pace, as a lack of export sales has grain companies backing away from purchasing from farmers, traders said.

• Canola continues to flow into farmers' bins as good harvest weather has seen the Canadian harvest speed ahead.

• Chicago Board of Trade soyoil futures BOv1 rose 1.88%, far exceeding the modest gains of canola.

• Euronext rapeseed futures COMc1 were flat.

• Malaysian palm oil futures FCPOc3 rose 0.83% on bargain buying and tight stocks. POI/

• The Canadian dollar CAD= fell. CAD/