ICE canola futures rise with soyoil

WINNIPEG, Manitoba, Oct 27 (Reuters) - ICE canola futures rose with Chicago soyoil on Monday, with U.S. traders optimistic about a possible U.S. trade agreement with China.

• January canola RSF6 settled up $1.70 at $634.20 per metric ton. November RSX5 settled up $1.70 at $619.20.

• A trader said that Canada's agriculture minister being in China for talks with agriculture officials and a planned meeting this week between the Canadian prime minister and the Chinese president are raising hopes that China's measures against Canadian canola will be reduced or removed.

• Chicago Board of Trade soyoil futures BOv1 rose 0.99% on optimism that the U.S. and China are close to a deal to restart Chinese buying of U.S. soybeans. Soybeans have been specifically mentioned by U.S. officials as part of a deal in the works.

• Euronext August rapeseed futures COMc1 rose 1.23%.

• Malaysian palm oil futures FCPOc3 fell 1.11%. POI/

• The Canadian dollar CAD= slightly strengthened. CAD/