GRAINS-Soybeans fall from 2-month high, China demand hopes limit decline

SINGAPORE, Dec 1 (Reuters) – Chicago soybeans ticked lower on Thursday after hitting a two-month high in the previous session, although losses were limited by expectations that China would loosen its COVID-19 rules, boosting demand in the world’s top importer of the oilseed. Wheat fell on pressure from ample Black Sea supplies, while corn lost ground. FUNDAMENTALS * The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.3% to $14.64-3/4 a bushel, as of 0127 GMT, after climbing to its highest since Sept. 21 at $14.78-1/2 on Wednesday. * Wheat lost 0.5% to $7.91-1/2 a bushel and…