CBOT soybeans rise after China buying

CHICAGO, Nov 26 (Reuters) - Chicago Board of Trade soybean futures moved up on Wednesday as traders eyed Chinese purchases of U.S. beans under a bilateral trade truce and adjusted positions before the U.S. Thanksgiving holiday, analysts said.

• The oilseed market remained underpinned by indications of Chinese demand, with traders telling Reuters China bought at least 10 cargoes of U.S. soybeans since Tuesday.

• That followed a call on Monday between Presidents Donald Trump and Xi Jinping, during which Trump said he had pressed Xi to accelerate and increase Beijing's purchases of U.S. goods.

• Traders squared positions ahead of the U.S. Thanksgiving Day holiday on Thursday.

• CBOT January soybeans SF26 closed 6-3/4 cents higher at $11.31-1/2 per bushel.

• CBOT January soymeal SMF26 settled flat at $320.40 per short ton, and January soyoil BOF26 firmed 0.38 cent to end at 51.03 cents per pound.

• The U.S. Department of Agriculture reported net export sales of soybeans at 786,400 metric tons for the week ended October 9, within trade expectations.