(All figures in Canadian dollars unless noted)
CHICAGO, Dec 14 (Reuters) - ICE (NYSE:ICE) front-month canola futures declined on Friday for a fourth straight session on technical selling and spillover weakness from allied U.S. soy markets, as traders shrugged off support from a softer Canadian dollar.
* January canola RSF9 settled down $5.10 at $477.80 per tonne.
* March RSH9 canola ended down $4.30 at $485.20.
* The January-March canola spread traded 8,861 times between $6.00 and $7.40, premium March, ending at $7.40, as commodity funds continued to roll short positions forward.
* Chicago January soybeans SF9 ended down 6-1/2 U.S. cents at US$9.00-1/2 per bushel as traders reacted to smaller-than-expected purchases this week by China and ballooning global soy supplies. February Paris Matif rapeseed futures COMG9 rose 0.07 percent and Malaysian February palm oil futures 1FCPOG9 rose 1.08 percent.
* The Canadian dollar lost ground against its broadly stronger U.S. counterpart as investors worried about signs of slower global growth and after the debt rating of Canada's most populous province was downgraded by Moody's. A weaker currency tends to make Canadian products, including canola, more competitive on the world market.