ICE canola futures fall in up-down trade

WINNIPEG, Manitoba, Nov 4 (Reuters) - ICE canola futures fell on Tuesday, following gains in the previous session, as two-way trade continues to dominate the market.

• January canola RSF5 settled down $7.40 at $640.10 per metric ton.

• "It's been a bit volatile," said trader Tony Tryhuk of RBC Dominion Securities.

• Canadian canola has been getting exported to buyers like Bangladesh and Japan, replacing some of the lost business to China.

• Farmers have been reluctant sellers of canola, following the spate of off-the-combine sales that flowed into the export system during harvest, Tryhuk said. They want higher prices and believe China will eventually come back into the market and make that happen. "It's a standoff," said Tryhuk.

• Chicago Board of Trade soyoil futures BOv1 fell 0.62%. Soybeans Sv1 fell 1.23%. Soymeal SMc1 fell 1.15%. Wheat Wc1 hit a three-month high. GRA/

• Euronext rapeseed futures COMc1 fell 0.1%.

• Malaysian palm oil futures FCPOc3 rose 0.68%. POI/

• The Canadian dollar CAD= fell to a multi-month low versus the greenback. CAD/