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Canola's slide began with a Dec. 6 Statistics Canada report 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 soybean 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 p.m. CST (1924 GMT).
Canada weekly canola crushings fell 7 percent.