CHICAGO, Dec 11 (Reuters) - ICE (NYSE:ICE) canola futures declined on Tuesday on technical selling and long liquidation after the benchmark January contract RSF9 failed to push through resistance near its 50-day moving average for a third straight session, traders said.
* January canola RSF9 settled down $2.10 at $485.50 per tonne and March RSH9 ended down $2.10 at $491.30.
* The January-March canola spread traded 8,112 times between $5.30 and $5.90, premium March, ending at $5.80. Funds have been rolling short positions forward, a trader said.
* Chicago January soybeans SF9 ended up 5-1/4 U.S. cents at US$9.15 per bushel as traders anticipated potential Chinese purchases of U.S. agricultural products, and shrugged off a bearish monthly global soy inventories report from the U.S. Department of Agriculture. February Paris Matif rapeseed futures COMG9 fell 0.5 percent and Malaysian February palm oil futures 1FCPOG9 fell 1.32 percent.
* The Canadian dollar edged higher against its U.S. counterpart on Tuesday as oil prices rose, but mixed signals for the market from the trade and political spheres helped keep the currency near a 1-1/2-year low it hit last week.