Canadian canola futures rise

ICE Canadian canola futures edged higher on Friday, halting a seven-session skid on support from a weakening Canadian dollar. Canola's slide began with a December 6 Statistics Canada reports that showed a much larger Canadian canola harvest than expected.
January canola added $1 to $495 per tonne. January-March canola spread traded 9,020 times.
Chicago January soyabean futures edged higher at the close on bargain-buying. NYSE MATIF February rapeseed rose modestly. Malaysian February crude palm oil jumped nearly 3 percent on a technical bounce and expectations that production will decline this month. The Canadian dollar was trading at $1.2881 to the US dollar, or 77.63 US cents at 1:24 pm CST (1924 GMT).