CBOT soybeans end slightly lower on large supplies

CHICAGO, Aug 27 (Reuters) - Chicago Board of Trade soybean futures edged lower, with expectations of a good U.S. soybean crop keeping supply in focus, although hopes for U.S.-China trade talks added support.

• U.S. farmers are on track to harvest a bumper soybean crop.

• The USDA increased the soybean crop rating to 69% good to excellent from 68% a week earlier, instead of lowering the rating to 67% as analysts had projected.

• The soybean market is shifting its focus to probable U.S.-China talks this week.

• Senior Chinese trade negotiator Li Chenggang is expected to travel to Washington this week to meet U.S. officials, a U.S. government spokesperson said, with the two superpowers looking to chart a path beyond their current tariff truce.

• CBOT November soybeans SX25 settled down 2 cents at $10.47-1/2 per bushel.

• CBOT December soyoil SMZ25 ended $0.33 lower at $0.33 per short ton.

• CBOT December soymeal BOZ25 ended down $5.10 at $288.20.