Winnipeg canola closed the week down again, bringing the weekly loss to 4.4 percent for the March contract.
It was the biggest one week loss since the early September slump.
Technical weakness, lower soybean prices and weaker crude oil contributed to the fall.
Weather remains ideal in South America.
March fell $3.20 to close at $381.80 on 5,543 trades.
May fell $3.20 to close at $388.80 on 601 trades.
New crop November closed down $3.60 at $401.40 on 609 trades.
The 14-day Relative Strength Index for March canola was 30. The rule of thumb is an RSI of 30 indicates an over sold market and 70 indicates over bought.
The Bank of Canada at noon Friday said the Canadian dollar was worth 97.21 cents US, down from 97.46 cents the previous day. The U.S. dollar was worth $1.0287 Cdn.
The Winnipeg March barley contract rose $1 to $152 on five trades. May rose $1 at $158 on no trades.
Chicago March soybeans fell 10 cents to $9.74 US per bushel.
Light crude oil in New York for February delivery fell to $78.14 US per barrel, down $1.25.
American markets are closed Monday for Martin Luther King Jr. Day.
Corn and wheat prices also fell on Friday as the market still is shaken by the U.S. Department of Agriculture report Jan. 12 that increased the forecasted size of the U.S. corn and soybean crops.
