ICE canola ends higher in rebound from four-week lows

All figures in Canadian dollars unless noted

Jan 17 (Reuters) - ICE canola futures closed higher on Friday, bouncing from four-week lows set a day earlier, lifted by bargain buying and spillover support from global vegetable oil markets, including soyoil, traders said.

• March canola RSH5 settled up $9.20 at $616.00 per metric ton, but stayed inside of Thursday's wide trading range.

• Trade in canola was volatile this week as market players weighed brisk export demand for the oilseed, particularly from China, against uncertainty about trade relations with the United States and China and U.S. biofuels policy.

• "The market is really jumpy," said Lawrence Klusa, president of Lawrence Klusa Grain Consulting in Winnipeg. "The demand for canola is good, but there are some huge threats," he added.

• Chicago Board of Trade soyoil futures BOv1 rose 1.5% to settle at 45.69 U.S. cents per pound, but stayed below a two-month high set at mid-week.

• Malaysian palm oil futures FCPOc3 eked out a 0.1% gain and European rapeseed futures COMK5 ended Friday up 1.1%.

• The Canadian dollar CAD= weakened against its U.S. counterpart, in theory making canola more competitive to those holding other currencies. The loonie neared a multi-year low set in December as the looming U.S. presidential inauguration focused attention on expected trade tariffs. CAD/

(Reporting by Ed White in Winnipeg; writing by Julie Ingwersen in Chicago; Editing by Shailesh Kuber)

((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))