ICE canola futures log daily and weekly falls on weak exports, harvest pressure

WINNIPEG, Manitoba, Oct 3 (Reuters) - ICE canola futures fell on Friday and for the week as weak export sales and harvest pressure create a glut in nearby supplies.

• November canola RSX5 settled down $8.80 at $605 per metric ton. January RSF6 fell $8.70 to $618.10. The market was closed Tuesday for a Canadian holiday.

• Canola is sitting at the bottom of a long decline that began in late June, when prices were over $740 per ton for November. The intraday low on Wednesday of $596.70 saw the contract lower than at any time since the end of March.

• A trader said canola's performance this week was not as dire as might have been expected, considering the absence of sales to China, farmers having full bins, and weak Chicago soyoil and European rapeseed prices.

• Chicago Board of Trade soyoil futures BOv1 were flat, with some optimism about a possible China-U.S. trade truce balancing concerns about a glut from the inflow of soybeans across the U.S.

• Euronext rapeseed futures COMc1 fell 0.87% and fell for the week, chalking up three losses for two gains.

• Malaysian palm oil futures FCPOc3 fell 0.1% Friday but rose for the week on short-covering, while demand concerns persist. POI/

• The Canadian dollar CAD= remains near its lowest since May, providing support for canola, which is priced in loonies. CAD/