(All figures in Canadian dollars unless noted)
Dec 12 (Reuters) - ICE (NYSE:ICE) canola futures closed mixed on Wednesday with front-month January declining on light technical selling and profit-taking after last week's one-month high, traders said.
* January canola RSF9 settled down 40 cents at $485.10 per tonne while March RSH9 ended up 50 cents at $491.80.
* The January-March canola spread traded 8,925 times between $5.60 and $6.90, premium March, ending at $6.70. The spread widened in a correction one day after hitting $5.30, its narrowest since Oct. 9.
* The spread had tightened this week as commodity funds rolled short positions forward, traders said.
* Chicago January soybeans SF9 ended 5 U.S. cents higher at US$9.20 per bushel as top global buyer China bought U.S. soybeans for the first time since President Donald Trump and his Chinese counterpart Xi Jinping met in early December. February Paris Matif rapeseed futures COMG9 rose 0.14 percent and Malaysian February palm oil futures 1FCPOG9 rose 0.84 percent.
* The Canadian dollar strengthened against its U.S. counterpart as the greenback broadly declined, and as stocks got a boost from optimism over trade negotiations between the United States and China.