ICE Canada canola futures edged higher on Monday, recovering modestly from the previous week's biggest weekly loss in over a month. Trading volumes were light early. ICE Futures Canada will be closed on Tuesday and Wednesday for the Christmas and Boxing Day holidays. January canola added $1.80 to $583.90 on volume of 65 contracts at 8:18 am CST (1418 GMT) March canola rose $1.30 to $580 on volume of 67 contracts.

Chicago Board of Trade January soybeans gained 3-3/4 US cents to Us $14.34-1/2 per bushel. Paris February rapeseed eased 0.1 percent at 8:13 am CST (1413 GMT). Malaysian February palm oil rose 1.2 percent. Canadian dollar was trading at $0.9924 against the US dollar or US $1.0077, up from Friday's close at $0.9934, or US $1.0066.

Copyright Reuters, 2012