(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 24 (Reuters) - ICE (NYSE:ICE) canola futures rose on Monday to a two-week high, lifted by spillover strength from U.S. soy futures.
* Canola futures were boosted by rising U.S. soyoil prices, and reports from Australia of that country's canola being hit with frost, said Wayne Palmer, senior analyst at Exceed Grain Marketing.
* November canola RSX0 gained $3 to $489.30 per tonne. It touched $490.10, the highest nearby price since Aug. 10.
* November-January canola spread traded 5,757 times.
* U.S. soybean futures Sv1 were firm on technical buying. Euronext November rapeseed futures /COMX0 finished unchanged and Malaysian November palm oil futures /FCPOX0 dipped.
* Grain trade association Coceral raised its estimate of 2020 rapeseed production in the European Union and Britain to 17 million tonnes, from 16.5 million in June. It was now just above last year's crop of 16.9 million tonnes. Statistics Canada will report on Aug. 31 its first estimates of Canadian crop production.