CBOT soybeans up on pre-Christmas positioning

CHICAGO, Dec 24 (Reuters) - Chicago Board of Trade soybean futures moved higher on Wednesday on positioning ahead of Thursday's Christmas holiday and as managed money took a break from liquidating their long positions.

• Gains remained moderate, with ample global supplies hanging over grain markets after multi-week price lows last week and light pre-holiday trade.

• Traders remained cautious about the pace of Chinese purchases of U.S. beans under a bilateral trade truce.

• Forecasters continued to project another record harvest in Brazil this season.

• CBOT January soybeans SF26 settled 11-3/4 cents higher at $10.63-1/4 per bushel.

• CBOT March SMH26 soymeal futures settled $3.90 higher at $308.10 per short ton.

• Most-active March soyoil BOH26 ended 0.73 cent higher at 49.52 cents per pound.