CHICAGO, March 18 (Reuters) - ICE (NYSE:ICE) canola futures rose for the third day in a row on Monday, with technical buying underpinning a market that had little fundamental strength, traders said.
* Concerns about exports to China kept a bearish tone firmly in place over the market and limited the buying, a trader said.
* But many investors still view the canola market as oversold following its decline to its lowest since in 2-1/2 years earlier this month.
* The benchmark May canola futures contract RSK9 hit its highest since March 1 during Monday's session.
* May canola RSK9 settled $1.50 higher at $466.30 per tonne.
* July canola RSN9 was up $1.60 at $474.50, notching a 1.5 percent weekly gain.
* Chicago May soybeans SK9 finished 3-1/2 U.S. cents lower at US$9.05-3/4 per bushel.
* Malaysian May palm oil futures 1FCPOK9 were up 0.10 percent on Monday.
* The Canadian dollar CAD= was little changed against its U.S. counterpart on Monday, trading in a narrow range ahead of Tuesday's federal budget as oil prices rose and investors bet that the U.S. Federal Reserve will strike a dovish tone this week.