CBOT soybeans end higher on hopes for Chinese demand

CHICAGO, Oct 2 (Reuters) - Chicago Board of Trade soybean futures ticked higher on Thursday, continuing a day-earlier rebound as the market assessed chances for a resumption of Chinese demand following comments by U.S. President Donald Trump, analysts said.

• CBOT November soybeans SX25 settled 10-3/4 cents higher to end at $10.23-3/4 per bushel.

• CBOT December soymeal SMZ25 $5.70 higher at $279.30 per short ton while December soyoil BOZ25 rose 0.02 cent to end at 50.44 cents per pound.

• U.S. farmers have lost out on billions of dollars of sales to China, which is the biggest soy importer but has not yet bought beans from the autumn U.S. harvest amid a trade war with Washington.

• Trump said in a social media post on Wednesday that soybeans would be a major topic of discussion when he meets Chinese counterpart Xi Jinping in four weeks.

• The post spurred some buying, but ample supply and China's continued absence from the U.S. market will likely cap any gains.

• Ignoring the U.S., China has ramped up soybean purchases from South America, including a large volume of Argentine soybeans last week during a brief export tax waiver.