ICE canola futures rise on US soybeans updraft

WINNIPEG, Manitoba, Oct 28 (Reuters) - ICE canola futures rose on Tuesday as optimism continues in the Chicago soybeans market over a possible China trade deal.

• January canola RSF6 settled up $4.60 at $638.80 per metric ton. The expiring November RSX5 contract, which has little remaining open interest, rose $5.50 to $624.70.

• Canola was not pulled lower by the slump in Chicago Board of Trade soyoil futures BOv1, which fell 1%. The powerful rally in soybean futures Sv1 has come with public comments from the U.S. Trump administration that a China-U.S. trade deal including soybean purchases is likely next week. GRA/

• Canada's agriculture minister is in China for talks with Chinese agriculture officials. Prime Minister Mark Carney is scheduled to meet with Chinese President Xi Jinping in coming days.

• Euronext rapeseed futures COMc1 rose 1.58%.

• Malaysian palm oil futures FCPOc3 fell 1.28% on weakness in Dalian and Chicago vegetable oils. POI/

• The Canadian dollar CAD= rose despite crude oil CLc1 falling almost 2%. CAD/