Olam International Ltd., the commodity trader that Muddy Waters LLC says may fail, is facing “exaggerated” allegations about its accounting, said Dwight Anderson, founder of commodity and industry hedge fund Ospraie Management LLC.
Palm oil shipments from Indonesia, the world’s largest grower, may decline to the lowest level in four months in February as more buyers turn to Malaysia after it extended duty-free shipments to clear record stockpiles. Futures fell to a two-week low.
Marubeni Corp., Japan’s biggest grain trading company, is in exclusive talks to buy closely held U.S. grain handler Gavilon Group LLC for about $5 billion, including debt, according to a person familiar with the situation.
Gavilon Group LLC has drawn interest from suitors including Bunge Ltd. and Glencore International Plc as the closely held grain handler weighs a sale that could fetch as much as $5 billion, said people familiar with the matter.