Malaysian crude palm oil futures rose by as much as 1.4 percent on Friday, rebounding from the previous day's six-week low and tracking gains in other markets, but traders expected the euro zone worries to dampen sentiment.

US soybean futures jumped to a one-week high Friday as forecasters warned that unfavorable dryness will persist in Argentina, increasing stress on crops in the world's No. 3 soybean exporter.

Oil edged lower in volatile trading on Friday, posting a second consecutive weekly loss as caution about Europe's debt crisis and year-end positioning continued to spark selling into rallies.