ICE canola futures rise as harvest nears conclusion

WINNIPEG, Manitoba, Oct 8 (Reuters) - ICE canola futures rose on Wednesday as gains in soyoil and crude spilled over.

• November canola RSX5 settled up $2 at $617 per metric ton. January RSF6 settled up $2.90 at $631.

• The Canadian harvest is mostly done and present good weather should allow remaining crops in the field to come in soon, analysts said. Little green seed is being found because of so little frost this year.

• With China still out of the market, canola export destinations are going to be closely watched this fall, traders said. If Australia is taking up canola demand in China, Canadian exporters will be looking to fill in the markets it usually serves.

• Chicago Board of Trade soyoil futures BOv1 rose 0.86%, as traders guessed that yields would be lower than present official estimates.

• Euronext rapeseed futures COMc1 fell 0.11%.

• Malaysian palm oil futures FCPOc3 rose 1.68%, its highest close since March. POI/

• The Canadian dollar CAD= weakened. CAD/

• The fourth gain in a row for crude oil CLc1 provided support for canola.