European traders reported on Tuesday that Algerian state agency ONAB rejected all bids and did not make any purchases in tenders which closed last Thursday for up to 112,000 metric tons animal feed corn and 35,500 tons feed barley.

It was not clear what the outcome of an auction for 40,000 tonnes of soymeal would be.

The tender was closed on August 21. It only sought corn from Brazil or Argentina in three consignments up to 40,000 tonnes, and shipment must be completed by September 15 at the very latest.

Soymeal and Barley were to be procured from any origin and shipped between September 15 and 30.

The reports reflect the opinions of traders, and it is possible that further estimates will be made later. Michael Hogan reports.

(source: Reuters)