Oct 1 (Reuters) - ICE (NYSE:ICE) Canada canola futures firmed on Tuesday on fund short-covering amid worries over harvest delays and weather-related crop losses, and on spillover support from rising soybean futures, traders said.
* Benchmark November canola futures RSX9 closed 90 cents higher at $452.20 per tonne. The contract broke through chart resistance at its 100-day moving average and touched a two-week high during the session, but closed below the key technical level.
* Recent heavy rain and snow in the Canadian prairies has increased concerns that unharvested canola could be damaged or lost. Cool temperatures were also seen slowing crop maturity and preventing fields from sufficiently drying out for harvesting.
* Chicago Board of Trade soybean futures rallied more than 1% on Tuesday after the U.S. Department of Agriculture estimated pre-harvest supplies below trade expectations and as Chinese importers renewed U.S. soy purchases. November soybeans SX9 settled up 13-1/2 U.S. cents at US$9.09-1/2 a bushel, a two-month peak.
* The Canadian dollar did not significantly impact canola futures on Tuesday. The currency hit a one-week low against its U.S. counterpart on Tuesday after the government said Canada's GDP was unchanged in July after four months of growth. CAD/