Canola futures rise but post weekly loss

(All figures in Canadian dollars unless noted) CHICAGO, Feb 17 (Reuters) - ICE canola futures rose on Friday on a round of short-covering by commodity funds ahead of a three-day weekend, traders said.
* Prices hit their highest since Feb. 8 during the session but closed well below that peak as commercial hedging pulled prices lower.
* Most-active May canola rose $2.10 to settle at $820.30 per tonne, after topping out at $827.70.

* May canola dropped 0.5% for the week, its fifth decline in the last five weeks.
* March canola rose $4.90 to $828.40 per tonne.
* The May-July canola spread, the most active inter-month spread, traded 3,358 times. The March-May spread traded 3,086 times and July-November traded 1,315 times.
* Chicago Board of Trade May soybean futures settled up 1 cent at $15.22-1/4 a bushel.
* Euronext May rapeseed futures rose 2.5%. (Reporting by Mark Weinraub; Editing by Shinjini Ganguli)

Messaging: mark.weinraub.thomsonreuters.com@reuters.net))

Reuters

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Canola futures rise but post weekly loss

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