(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, March 30 (Reuters) - ICE (NYSE:ICE) canola futures plummeted 3.8% on Tuesday, touching a six-week low, pressured by a selloff in rival vegetable oils.
* Funds liquidating long positions in Chicago soyoil weighed on canola, a trader said, adding that some Canadian farmers are also "panic selling."
* May canola RSK1 fell $29.10 or 3.8% to $727.10 per tonne. It dropped to as low as $726.20, the lowest price for a nearby contract since Feb. 12.
* May-July canola spread traded 2,901 times.
* U.S. soy and corn futures fell as traders liquidated positions and booked profits a day ahead of a pair of key reports from the U.S. Department of Agriculture. GRA/
* Euronext May rapeseed futures /COMK1 fell and Malaysian June palm oil futures /FCPOM1 plunged to a five-week low on weak demand. POI/