March 26 (Reuters) - ICE Canada canola futures rose modestly on Monday in light trade, lifted by fund buying and spillover support from early-session gains in soybean futures.
* May canola RSK8 rose to a one-week high and settled $1.70 higher at $522.30 per tonne.
* Canola drew some support from early gains in Chicago Board of Trade soybeans, which climbed to one-week highs before ending lower. Worries about a drought-reduced soy crop in Argentina had lifted the market. Softness in the Canadian dollar CAD= also underpinned canola as a weaker currency tends to make Canadian goods more competitive.
* The Canadian dollar edged lower against the greenback on Monday as oil prices dipped, with the loonie unable to build on last week's gains even as fear of a global trade war lessened. CBOT May soybean futures SK8 ended down 2-3/4 U.S. cents at $10.25-1/2 a bushel. CBOT May soyoil BOK8 gained 0.04 U.S. cent to settle at 31.76 cents per lb.
* NYSE MATIF May rapeseed COMK8 eased while Malaysian May crude palm oil 1FCPOK8 edged higher.