CBOT soybeans close lower amid uncertainty about Chinese demand pace

CHICAGO, Nov 24 (Reuters) - Chicago Board of Trade soybean futures closed lower on Monday, retreating from last week's 17-month high, as doubts emerged about China's buying pace and traders waited to hear more details from the latest call between Washington and Beijing, market analysts said.

• The Trump administration expects to announce an aid package for U.S. farmers within two weeks and a deal on Chinese soybean purchases, U.S. Agriculture Secretary Brooke Rollins said on Monday without providing further details.

• CBOT January soybeans SF26 closed 1-3/4 cents lower at $11.23-1/4 per bushel after falling as low as $11.16-1/4.

• CBOT January soymeal SMF26 ended down 90 cents at $318.30 per short ton, and January soyoil BOF26 slipped 0.06 cent to 50.52 cents per pound.

• China bought 1.584 million tons of U.S. soybeans last week, and the U.S. Department of Agriculture on Monday announced exporters sold 123,000 metric tons of U.S. soybeans to China for 2025/26 delivery.

• But traders are still hoping for substantially more Chinese buying as U.S. officials said China had agreed to buy 12 million tons by the end of this year after President Donald Trump met with Chinese President Xi Jinping.

• A White House official on Monday confirmed Trump and Xi had spoken by phone but gave no details about the call. China's state news agency Xinhua reported the two discussed Taiwan, as well as the war in Ukraine.