CHICAGO, Dec 7 (Reuters) - ICE (NYSE:ICE) canola futures fell on Friday, snapping a five-session winning streak on commercial hedging after farmers booked highs at the peaks.
* Canola futures struggled to hold technical support above the January contract's RSF9 50-day moving average, a trader said.
* Buying from crushers kept the declines in check.
* Funds began to roll their positions to the March canola futures contract RSH9 from the January contract.
* January canola RSF9 settled 60 cents lower at $485.50.
* The March canola contract RSH9 was down $1.00 at $492.30.
* Chicago January soybeans SF9 rose 7-1/4 cents to $9.16-3/4 a bushel.
* February Paris Matif rapeseed futures /COMG9 rose while Malaysian February palm oil futures /1FCPOG9 dipped.
* The Canadian dollar firmed against its U.S. counterpart on Friday as higher oil prices and data showing a record increase in domestic jobs bolstered expectations for further interest rate hikes from the Bank of Canada. CAD/