ICE Canada canola was narrowly higher on Friday, rebounding from an earlier six-month low on end-of-year positioning and commercial demand, traders said. For the year, canola on a continuous chart declined about 3.3 percent, the first annual decline since 2013. Canola in December shed 5.8 percent.

Most-active March canola futures on Friday fell to a session low of $485.00 per ton before turning higher, finishing up $1.00 at $488.70. The thinly traded January contract eased $3.20 to $480.30. The March-May canola spread traded about 2,000 times.

Chicago January soyabean futures were higher. NYSE MATIF February rapeseed was higher in a rebound from a nearly two-year low while Malaysian February crude palm oil was lower.

The Canadian dollar was trading at 1.2541 to the US dollar, or 79.70 US cents, at 2:09 pm CST (2009 GMT).

Copyright Reuters, 2018