(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Dec 19 (Reuters) - ICE (NYSE:ICE) canola futures edged higher on Wednesday on commercial buying related to the weak Canadian dollar, and strength in soyoil and palm oil.
* Weaker currency makes canola more competitive in global markets.
* Large speculators now hold a large net short position in the March contract, a trader said.
* January canola RSF9 added 10 cents to $480.40.
* Most-active March canola RSH9 gained 10 cents to $488.50.
* January-March canola spread traded 6,399 times, as investors rolled positions forward.
* Chicago January soybeans SF9 dipped as sales to China disappointed. February Paris Matif rapeseed futures /COMG9 eased and Malaysian February palm oil futures /1FCPOG9 jumped 2 percent, touching their strongest levels in nearly two months. POI
* The Canadian dollar CAD= was trading at $1.3481 to the U.S. dollar, or 74.18 U.S. cents at 1:13 p.m. CST (1913 GMT).