WINNIPEG, Manitoba, Aug 28 (Reuters) - ICE (NYSE:ICE) canola futures rose on Wednesday, lifted by a bump in soybean prices and after Statistics Canada estimated a smaller than expected canola crop.
* Canola production looked set to reach 18.5 million tonnes in Canada, down 9% year over year, and below the average trade estimate of 18.9 million tonnes. GRO/CA
* Statistics Canada's first harvest estimate is typically smaller than the final estimate in December, but this year frost also threatens late-developing crops, a trader said.
* November canola RSX9 gained $1.50 to $447.90 per tonne. The gain halted a three-day losing skid.
* November-January canola spread traded 2,821 times.
* Chicago November soybeans SX9 rose on worries over U.S. weather risks. Euronext November rapeseed futures /COMX9 and Malaysian November palm oil futures /FCPOX9 edged higher.
* The Canadian dollar CAD= eased against its U.S. counterpart, extending its pullback from a near two-week high the previous day, as the greenback broadly rose and investors worried about the global economic outlook. CAD/
* Canola harvest resuming in Manitoba after weekend rains, the Canadian province's government said on Tuesday. GRO/MBA