Sept 30 (Reuters) - ICE (NYSE:ICE) Canada canola futures rallied on Monday on concerns about weather-related crop losses and spillover support from rallying soybean prices on the Chicago Board of Trade, traders said.
* The benchmark November canola futures contract RSX9 closed $5.50 higher at $451.30 per tonne. Buying accelerated as the contract broke through chart resistance at its 20- and 50-day moving averages, but stalled at its 100-day moving average.
* A weekend storm brought more than a foot (30.5 cm) of snow to parts of Montana and the Canadian prairies. The snow and recent heavy rains have stoked worries about a reduced harvest.
* Gains were limited, however, as concerns about weather-reduced crops were more than offset by dull demand for the oilseed.
* Chicago Board of Trade soybean futures rallied more than 2% on Monday on renewed export purchases by China and as the U.S. Department of Agriculture estimated pre-harvest supplies below trade expectations. The November contract SX9 ended 23 U.S. cents higher at US$9.06 a bushel.
* The Canadian dollar was nearly unchanged on Monday after strengthening to an 11-day high against its U.S. counterpart on Friday. CAD/