ICE canola futures regain ground on soyoil

WINNIPEG, Manitoba, Oct 2 (Reuters) - ICE canola futures regained ground on soyoil on Thursday, despite good harvest progress and rumors of a larger-than-expected crop.

• November canola RSX5 settled up $6.60 at $613.80 per metric ton. January RSF6 settled up $7.10 at $626.80.

• Continued good weather allows farmers to make good progress with harvest, with crop quality benefitting from a lack of frost and rain. Little green-seed or other quality damages are expected in this year's canola, an analyst said.

• Traders say farmers are harvesting bigger canola crops than they expected.

• Canola deliveries from farmers to grain elevators are being discouraged by heavy price discounting by grain companies. Without Chinese sales to propel canola movement to export positions, companies are likely to avoid filling their storage facilities, traders said.

• Chicago Board of Trade soyoil futures BOv1 closed almost flat, up 0.04%. On Wednesday, soyoil futures were up sharply compared with canola, so Thursday's lack of significant gains brings the vegoils into closer alignment.

• Euronext August rapeseed futures COMc1 fell 0.86%.

• Malaysian palm oil futures FCPOc3 rose 1.32%. POI/

• The Canadian dollar CAD= weakened, adding support to canola prices. CAD/