CBOT soybeans end mostly higher as traders await US-China trade talks

CHICAGO, Oct 22 (Reuters) - Chicago Board of Trade soybean futures closed mostly higher on Wednesday as brokers remained hopeful for progress in upcoming trade talks with top soy buyer China, traders said.

• CBOT November soybeans SX25 settled up 4 cents at $10.34-3/4 per bushel and January SF26 ended up 1-1/2 cents at $10.50 a bushel. But some contract months for deferred delivery closed lower.

• CBOT December soymeal SMZ25 ended up $3.10 at $290.00 per short ton while December soyoil BOZ25 fell 0.58 cent to 50.07 cents per pound.

• Market players are focused on a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping in South Korea next week. Trump has said he wants a "fair deal" on trade with China and has repeatedly called for Beijing to resume purchases of U.S. soybeans.

• A Japanese proposal to increase U.S. soy purchases lent support. Japan's new government is finalizing a purchase package, including U.S. pickups, soybeans and gas, to present to Trump in trade and security talks next week, two sources told Reuters.

• Brazilian oilseed group Abiove projected the South American country's 2025/26 soybean harvest at a record-high 178.5 million metric tons, up from 171.8 million a year earlier.

• Analysts surveyed by Reuters estimated export sales of U.S. soybeans in the week ended October 16 at 600,000 to 2,000,000 metric tons.

• The U.S. Department of Agriculture normally publishes weekly export sales data every Thursday, but the agency has suspended reporting of the data due to a lapse in federal funding.