WINNIPEG, Manitoba, Jan 18 (Reuters) - ICE (NYSE:ICE) canola futures rose on Friday for a third straight session, boosted by strength in soybeans that was fueled by renewed optimism about U.S.-China trade talks.
* While trade optimism about the United States and China spilled over to canola markets, Canadian traders say they are concerned that a diplomatic dispute between Canada and China may affect canola sales.
* The nearby March canola contract hit resistance at an intra-day high of $486, around its 50-day moving average.
* March canola RSH9 gained $1 to $484.20 per tonne.
* March-May canola spread traded 4,212 times.
* Chicago March soybeans SH9 gained as Bloomberg reported that China offered to go on a six-year buying spree to ramp up imports from the United States in an effort to cut its trade imbalance. February Paris Matif rapeseed futures /COMG9 and Malaysian April palm oil futures /1FCPOJ9 rose.
* The Canadian dollar CAD= edged higher against its U.S. counterpart on Friday as hopes of a possible end to the U.S.-China trade war boosted stocks and oil prices.