I had no luck with page floats in columnsets; according to the manual
they should work.
Hraban
\setuppapersize[A5,landscape]
\useMPlibrary[dum]
\definecolumnset[Two][n=2]
\starttext
\startcolumnset[Two]
\dorecurse{5}{1\recurselevel\samplefile{lorem}\par}
\startplacefigure[location=page,title={my caption}]%
\externalfigure[dummy][width=2\textwidth,height=.95\textheight]%
\stopplacefigure
\dorecurse{5}{2\recurselevel\samplefile{lorem}\par}
\stopcolumnset
\stoptext
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