CHICAGO, Dec 4 (Reuters) - ICE (NYSE:ICE) canola futures rose for the fourth time in five sessions on Tuesday but were not as strong as the soybean market because of what traders said were concerns that a rise in Chinese soy purchases would mean lower demand for canola.
* Traders noted some profit-taking as prices for the benchmark January canola contract RSF9 neared the four-week high hit on Monday.
* Canola futures closed below session highs.
* January canola RSF9 settled 70 cents higher at $482.40.
* The March canola contract RSH9 was $1.30 higher at $490.00.
* Chicago January soybeans SF9 rose 6 cents to $9.11-3/4 on hopes that China would resume buying U.S. soybeans soon, following trade talks between the United States and China over the weekend. February Paris Matif rapeseed futures /COMG9 and Malaysian February palm oil futures /1FCPOG9 both rose.
* The Canadian dollar edged higher against its U.S. counterpart on Tuesday, adding modestly to its gains from the day before as crude oil prices rallied and the greenback broadly fell. CAD/