Canola ends three-game losing streak with supply first

AAll figures in Canadian dollars, unless otherwise indicated

May 20 (Reuters) – ICE Canada canola futures rose on Friday, rebounding from three straight days of declines as investors focused on the tight supply situation, traders said.

* Strong global vegetable oil markets supported canola.

* The contract of July close RSN2 gained $21.30 to $1,171.30 a tonne, topping its 10-day, 20-day and 30-day moving averages.

* Most Active November Canola RSX2 was $10.80 higher at $1,058.70 per ton. The contract closed below its intraday high after hitting technical resistance at its 10-day moving average.

* Canola spread from July to November RSN2-X2 traded 1,629 times.

*Chicago Board of Trade July Soybean Oil Futures GOOD2 rose 1.4 cents to 80.93 cents a pound. July CBOT Soybeans SN2 rose 14 3/4 cents to $17.05 1/4 a bushel. SOY/C

* Euronext August rapeseed futures COMQ2 gained 0.15%, while Malaysian palm oil futures FCPOc3 closed up 0.77%.

(Reporting by Mark Weinraub; Editing by Amy Caren Daniel)

((mark.weinraub@thomsonreuters.com; +1 313 484 5282; Reuters Messaging: mark.weinraub.thomsonreuters.com@reuters.net))

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