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☆ Corporate bond yields are off highs, but are still attractive. Here's what experts say to look for in 2024
▼ + stars: | 2023-12-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

While corporate bond yields have moved down off their highs, investors will still be able to snap up some juicy income next year, experts believe. USIG YTD mountain The iShares Broad USD Investment Grade Corporate Bond ETF tracks the ICE BofA U.S. Corporate Index. However, for income investors not just focusing on the next 12 months, investment-grade corporate bonds look very attractive, he said. WINC YTD mountain Western Asset Short Duration Inc ETF In fact, he thinks 2024 will provide a unique opportunity for corporate bond investors. He also doesn't think corporate bonds are particularly attractive on a total return performance thanks to their recent run higher.

Persons: Goldman, Lindsay Rosner, Collin Martin, Charles Schwab, Martin, Martin doesn't, Fitch, Kurt Halvorson, Halvorson, you'll, Michael Kessler, Kessler, Schwab's Martin Organizations: Federal Reserve, ICE, Corporate, . Investment, Goldman, CNBC, Western Asset, Albion Financial, Investors Locations: Goldman Sachs

Money managers through Nov. 28 extended their K.C. wheat net short to near 50,000 futures and options contracts, their largest since May 2019 and among their biggest-ever shorts. Grain futures sank in the week ended Nov. 28, including a 3.2% decline in CBOT March corn and a 1.8% slide in March wheat . CBOT March wheat found contract lows on Nov. 27 but touched three-week highs by Friday, presumably motivated by short covering. Funds in that week cut their net long in CBOT soybean futures and options to 67,562 contracts from 81,587 a week earlier.

Persons: Dane Rhys, Corn, Karen Braun, Chris Reese Organizations: REUTERS, Rights, Reuters, Thomson Locations: Deerfield , Ohio, U.S, Rights NAPERVILLE , Illinois, Chicago, Kansas City, Minneapolis, Brazil

The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.

Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City

☆ Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market
▼ + stars: | 2023-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why the rate cuts investors have been praying for might not be the godsend they imagined. But rate cuts won't necessarily be the win markets are hoping for, Business Insider's Jennifer Sor writes. Still, some interest rate traders are predicting rate cuts coming as soon as this March, according to CME's FedWatch Tool. Another key piece of the economy facing headwinds complicates the case for rate cuts being a boon for investors.

Persons: —, I've, we're, Patrick Semansky, Jennifer Sor, CME's, Jennifer, Insider's Dominick Reuter, Miles Goodloe, Domenic, Robert Oszust Jr, Domenic Boresta, Alice Brooks, Jennifer Campbell, Sean Jacobsohn, he's, Jacobsohn, Chelsea Jia Feng, They're, it's, Gen, Bradley Cooper, Ben Affleck, Greta Gerwig, Bill, Bill —, Bill Nye, Science Guy, Manolo Blahnik, Jimi Hendrix, Steve Bannon, Bruce Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Business, Federal Reserve, Fed, UBS, Big Tech, Retail, Walmart, Target, Financial Times, Echo, Khosla Ventures, Science Locations: Washington, Miles, Chelsea, New York City, San Diego, London, New York

☆ US equity funds draw heavy inflows on expectations for Fed pause
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

LSEG data shows that U.S. equity funds attracted about $9.33 billion in net inflows during the week, marking the largest weekly net purchase since Sept. 13. Reuters Graphics Reuters GraphicsLarge-cap U.S. funds led the charge, securing $8.54 billion in net inflows, the highest in two months. Small- and multi-cap funds also saw substantial inflows, garnering $1.23 billion and $1.01 billion, respectively. High-yield funds, riding on improved risk sentiment, garnered $4.5 billion, following a robust $6.3 billion net purchase in the prior week. Conversely, U.S. short/intermediate government and treasury funds, along with general domestic taxable fixed income funds, saw withdrawals of $1.13 billion and $897 million, respectively.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Federal, Reuters Graphics Reuters, Technology, Reuters Graphics Reuters Graphics, Thomson Locations: New York City, U.S, Bengaluru

☆ Congress just found the dumbest way to avoid a government shutdown
▼ + stars: | 2023-11-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Congress now appears likely to avoid a government shutdown this week. The White House even weighed in over the weekend before House Democrats started to warm up to Johnson's plan. Republican Sen. Ted Cruz of Texas didn't stop Obamacare. And Republican Sen. Rand Paul's colleagues tore into him after he forced a brief shutdown in 2018. As I was writing this story about how Johnson's plan is the dumbest thing Congress has done, Sen. Bernie Sanders had to stop one of his colleagues from throwing down with a union boss.

Persons: —, America's, Mike Johnson, Democratic Sen, Patty Murray, Sen, Susan Collins of, Collins, Chris Murphy, It's, Joe Biden, Kevin McCarthy's, Mick Mulvaney, Obama, Republican Sen, Ted Cruz, Obamacare, Donald Trump didn't, Rand Paul's, Bernie Sanders, Kevin McCarthy Organizations: Service, Government, Pentagon, State, Justice, Human Services, House Democrats, Democratic, Senate, Republican, Connecticut Democrat, White House, GOP, Politico, Trump Locations: Washington, Susan Collins of Maine, Punchbowl, Connecticut, Ted Cruz of Texas

☆ Closed-end funds can generate income – and they’re cheap. Here’s how they might fit in your portfolio
▼ + stars: | 2023-11-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Closed-end funds offer a fixed number of shares, but they also trade publicly on exchanges. Right now, a confluence of events is resulting in some sharp discounts for closed-end funds, especially for those that hold bonds. Investors in closed-end funds have shed some of those holdings and that's resulting in sharper discounts to net asset value. Closed-end fund plays Financial advisors have called out closed-end funds holding municipal bonds as a way to add duration on the cheap. Closed-end funds offer other ways to pick up income: Paul Winter, CFP and portfolio manager at Five Seasons Financial Planning, likes funds that use buy-write strategies.

Persons: Dave Lamb, Lamb, Jeffrey Gundlach, Robert Finley, Paul Winter, BOE, Nuveen's Lamb Organizations: Treasury, Western Asset, Muni Fund, Asset Management, Five, Virtus, Strategy, BlackRock Locations: New York, York

☆ I'm a recruiter at Meta. These are the top perks that win tech workers over — and the one they don't seem to care about.
▼ + stars: | 2023-11-09 | by ( Ananya Vahal | ) www.businessinsider.com time to read: +8 min

This as-told-to essay is based on a conversation with Glaze Martillano, a tech recruiter at Meta who lives in Toronto, about the benefits Meta employees are offered. VacationsWhen joining a big tech company, most candidates have high expectations when it comes to healthcare, competitive equity packages, vacations, and bonuses. Most importantly, they get to work on different projects with Meta employees based on their personal interests and skills. Companies talk about the importance of mental-health care, but there's still a stigma attached to getting help, so employees often don't take advantage of it. Forty percent of employers say they believe workers leave their jobs to work at companies that offer better benefits and perks.

Persons: Glaze, Martillano, —, It's, Meta, I've, we've, We've, it's, they'd, there's Organizations: Meta, Talent, Service, Facebook, Tech Locations: Toronto, Canada, United States, Menlo Park , California

☆ Europe's ESG funds suffer more outflows - Morningstar
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Investors pulled 20.5 billion euros ($21.7 billion) from funds in the European Union's lower sustainability classification, while net inflows into the higher classification were their lowest since early 2021, the Morningstar report said. U.S sustainability funds are also struggling. Morningstar data on Tuesday showed managers closing funds faster than they opened new ones in the third quarter. Investors exited U.S. funds in general in the period but sustainable funds fared worse, registering their fourth consecutive quarter of outflows. In Europe, ESG funds launches totalled 126 in the third quarter, down 31% from the second quarter, Morningstar said.

Persons: Morningstar, Tommy Reggiori Wilkes, David Evans Organizations: Investors, Investment, Sustainable, Morningstar, Thomson Locations: outflows, Europe, U.S

The current exemption limit is $12.92 million for estates of individuals and $25.84 million for the combined estates of married couples. About 0.1 to 0.2% of estates of people who died in recent years have been subject to federal tax. A common strategy is to trim your estate's value before Dec. 31, 2025, and then keep it below the exemption limit, if feasible, or as low as possible to minimize tax exposure. This would assure substantial resources for their grandkids' educations while reducing the couple's combined estate by $1.7 million. While getting organized to reduce your estate's value by making gifts, it's a good idea to get updated real estate appraisals.

Persons: it's

Prosecutors in the criminal trial against FTX founder Sam Bankman-Fried compared one of the defense's arguments to a scene in the 1994 film "Dumb and Dumber," in which actor Jim Carrey says IOUs are "as good as money." Funds also allegedly went to paying for things such as a $35 million property in the Bahamas and political donations. Customers were ultimately unable to retrieve much of their money as FTX and Alameda were simultaneously imploding. In a footnote, the prosecution writes, "A popular movie from the 1990s illustrates the point: a briefcase, once filled with money, is not the same as a briefcase later filled with IOUs." In "Dumb and Dumber," when the briefcase reaches its owner, it's filled with paper.

Persons: Sam Bankman, Jim Carrey, IOUs, Judge Lewis Kaplan, who's, Carrey, Jeff Daniels, transact, Lloyd Christmas Organizations: Prosecutors, FTX, Manhattan, Southern, of, York, Alameda Research Locations: Manhattan, New York City, Colorado, Bahamas, Alameda

☆ Two U.S. funds to vote Mediobanca outgoing board's slate for board renewal
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 19 (Reuters) - The U.S. funds CalSTRS and New York City Comptroller said on Thursday they would vote in favour of the outgoing board's slate of nominees for the new Mediobanca board at the bank's annual meeting this month. Mediobanca's outgoing board has proposed 15 members, including a new term for current CEO Alberto Nagel and Chairman Renato Pagliaro ahead of the Oct. 28 meeting. The two funds did not disclose their stakes in Mediobanca. Proxy adviser Institutional Shareholder Services (ISS), Glass Lewis and Pensions & Investment Research Consultants (PIRC) said last week they were recommending Mediobanca investors vote in favour of the outgoing board's slate of nominees. Reporting by Gianluca Semeraro editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

Persons: Alberto Nagel, Renato Pagliaro, Delfin, Leonardo Del Vecchio, Nagel, Del Vecchio, Glass Lewis, Gianluca Semeraro, Keith Weir Organizations: MILAN, New York, Services, Pensions & Investment Research Consultants, Thomson Locations: U.S, New, Mediobanca, Italian

☆ How to Prepare Every Part of Your Life for a Recession
▼ + stars: | 2023-10-16 | by ( Tanza Loudenback | ) www.wsj.com time to read: +13 min

But a recession brings other threats too, like the potential for major stock market swings that can derail financial goals. As soon as the line begins to tick upward again, the economy exits a recession and enters an expansion. Are we in a recession or is a recession coming? How to preparePreparing your finances for a recession isn’t all that different from practicing good money habits in your daily life. You’ll likely have to make some real-time adjustments to meet short-term goals while enduring a recession, McCoy says.

Persons: Loudenback, it’s, ”, Ross Hamilton, Raymond James, you’ve, Hamilton, aren’t, “ You’ve, Eric Roberge, ” Roberge, Megan McCoy, “, ’ ”, McCoy, You’ll, ” Hamilton, you’re, “ There’s, there’s, ” McCoy, Roberge, ‘ I’ve Organizations: Wall Street, National Bureau of Economic Research, Kansas State University Locations: U.S, Bethesda, Md, Boston, Hamilton

In the week ended Oct. 3, money managers slashed their net long position in CBOT soybean futures and options to 5,001 contracts from 30,058 a week earlier. New shorts and exiting longs both played a role, and money managers have not held a net short in beans since April 2020. Money managers extended their sizable net short in CBOT wheat futures and options to 98,788 contracts from 96,384 a week earlier. CBOT corn futures added about 1% late last week, touching $4.99 per bushel on Friday, their highest since Aug. 29. Money managers maintain comfortably bearish CBOT corn views, though they trimmed their net short through Oct. 3 by about 9,200 to 159,433 futures and options contracts.

Persons: ’, Soymeal, Karen Braun Organizations: China, Futures, U.S . Department, Reuters, Thomson Locations: NAPERVILLE , Illinois, Chicago, U.S

☆ How to invest $1 million for the next decade, according to private bankers and wealth advisors
▼ + stars: | 2023-10-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The next 10 years will be unlike the last two decades for investors, according to investment advisors and wealth managers. Those conditions could create more volatility and lower returns for assets that have done well over the past decade, according to Monchau. ELTIFs allow individual investors to invest alongside institutions in assets like infrastructure, private equity and private credit. "The ability to generate income is going to be far and away the better place for the next decade for investment," he said. For younger investors more than 10 years from retirement, Cox recommends a 100% equity portfolio, maximising returns with low-cost index ETFs.

Persons: Charles, Henry Monchau, Monchau, There's, Goldman Sachs, Franklin Templeton, Jamie Cox, Cox, it's, maximising Organizations: CNBC Pro, Swiss, BlackRock, Harris Financial Group, Unilever, Nestle, Broadcom Locations: Swiss, Geneva, Richmond , Virginia

Funds' net short position in two-year futures is now a record 1.278 million contracts. A short position is essentially a wager an asset's price will fall, and a long position is a bet it will rise. STERLING FLIPIn currencies, meanwhile, funds ramped up their broad, net long dollar position by $5.4 billion in the week to $8.45 billion. At around 114,000 contracts, it is now close to July's 118,000, which was the biggest net short position since February 2018. The CFTC data also showed that funds flipped to a net short sterling position for the first time since April.

Persons: STERLING, Jamie McGeever, Lincoln Organizations: Futures Trading Commission, Bank of, Reuters, Thomson Locations: ORLANDO, Florida, Bank of Japan

☆ Mexico rejects new border wall plan after talks with U.S. officials
▼ + stars: | 2023-10-05 | by ( Dave Graham | ) www.reuters.com time to read: +4 min

Before sitting down with U.S. officials including Secretary of State Antony Blinken and Homeland Security Secretary Alejandro Mayorkas, Mexican President Andres Manuel Lopez Obrador condemned the latest wall plan as a "step backwards". At the talks, officials pledged to step up cooperation to combat drug trafficking, organized crime and to ease migratory pressures on the border. Lopez Obrador has praised U.S. President Joe Biden for not building more border wall during his administration. The barrier was a major bone of contention between the United States and Mexico during Donald Trump's presidency. Still, 2024 is presidential election year in both the United States and Mexico and the resurgence of the wall could become a significant talking point on both sides of the border.

Persons: Andres Manuel Lopez Obrador, Raquel Cunha, Antony Blinken, Alejandro Mayorkas, Trump, Alicia Barcena, Blinken, Lopez Obrador, Joe Biden, Donald Trump's, Barcena, Mayorkas, Biden, Ovidio Guzman, Joaquin, El, Guzman, Matthew Miller, Rosa Icela Rodriguez, Dave Graham, Ismail Shakil, Simon Lewis, Howard Goller, Sandra Maler, Grant McCool Organizations: Regeneration, REUTERS, MEXICO CITY, Homeland, U.S, Republican Party, Democrat, State, Mexican, Thomson Locations: Mexico City, Mexico, MEXICO, U.S, Mexican, United States, Starr County , Texas, Sinaloa

[1/3] Tokyo Tower is seen from the 52nd floor of 'Azabudai Hills Mori JP Tower', developed by Mori Building Co., during press preview of the complex in Tokyo, Japan, in this photo taken by Kyodo on August 8, 2023. "Housing prices and rents have risen a lot compared to the past, but in the end, salaries haven't gone up that much." After weathering decades of deflation and stagnant growth, Japan is seeing an investment boom that has made apartments in central Tokyo unaffordable for young Japanese professionals. For locals, the surge in prices has made Tokyo the second most unaffordable city worldwide, only behind Hong Kong, according to a UBS global real estate report. Average condo prices in central Tokyo were bumped up in the past year by a large supply of high-end residences hitting the market.

Persons: Kawamata, she'd, I'm, haven't, Cushman, Mari Kumagai, Kumagai, Wang Mao San, Wang, Mari Mochizuki, who's, Mariko Katsumura, Rocky Swift, Sonali Paul Organizations: Mori, Kyodo, REUTERS Acquire, Rights, Real Estate Economic, UBS, Reuters, Cushman & Wakefield, Wakefield, Shingi, fusaya Realty Inc, Super, Japan Real Estate Institute, Thomson Locations: Tokyo, Japan, Hong Kong, London, Singapore, New York, China, Asia, Asia Pacific, Australia, Taiwan, Taiwanese, Osaka, Tokyo's

President Joe Biden asked Congress in July to approve another $24 billion related to Ukraine, which Ukraine supporters - Republicans as well as Democrats - had hoped could become law as part of a spending bill. A U.S. official said that, as of Monday, the Defense Department had $1.6 billion left to replace weapons sent to Ukraine, no funds left under the Ukraine Security Assistance Initiative (USAI) and $5.4 billion worth of Presidential Drawdown Authority. But he, and some other Republicans in both the House and Senate, refused to include more aid for Ukraine in the measure. "Today, DoD has exhausted nearly all available security assistance funding for Ukraine," McCord wrote in the letter, dated Sept. 29 and expressing concern that the stopgap spending bill did not include security assistance for Ukraine. Ukraine's Foreign Minister Dmytro Kuleba said Kyiv was in talks with Republicans and Democrats in Congress, and that the drama around the stopgap bill was an "incident" rather than something systemic.

Persons: Kevin McCarthy, Ken Cedeno, Joe Biden's, Biden, McCarthy, Joe Biden, UKRAINE DRUMBEAT, Donald Trump, White, Matt Gaetz, Karine Jean, Pierre, Vladimir, Putin, Jean, Michael McCord, McCord, Lockheed Martin’s, Dmytro Kuleba, Patricia Zengerle, Mike Stone, Moira Warburton, Makini Brice, Steve Holland, Don Durfee, Alison Williams Organizations: ., U.S, Capitol, REUTERS, Rights, Ukraine, Republican, Republicans, Defense Department, Ukraine Security Assistance Initiative, Congress, Senate, Reuters Graphics REPUBLICAN, Kyiv, Monday, White, Department of Defense, Pentagon, DoD, RTX, Lockheed, Democrats, Thomson Locations: Washington , U.S, U.S, Washington, Kyiv, Russia, Ukraine, UKRAINE, Tucson , Arizona, Camden , Arkansas

☆ US Congress Debates Ukraine Aid as Pentagon Warns Money Running Low
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +4 min

Washington has sent the Kyiv government $113 billion in security, economic and humanitarian aid since Russia invaded in February 2022. A U.S. official said that, as of Monday, the Defense Department had $1.6 billion left to replace weapons sent to Ukraine, no funds left under the Ukraine Security Assistance Initiative (USAI) and $5.4 billion worth of Presidential Drawdown Authority. But he, and some other Republicans in both the House and Senate, refused to include more aid for Ukraine in the measure. We'll have another package of aid soon to signal our support for the brave people of Ukraine," Jean-Pierre said. "Today, DoD has exhausted nearly all available security assistance funding for Ukraine," McCord wrote in the letter, dated Sept. 29 and expressing concern that the stopgap spending bill did not include security assistance for Ukraine.

Persons: Patricia Zengerle WASHINGTON, Joe Biden's, Kevin McCarthy, Biden, McCarthy, Joe Biden, UKRAINE DRUMBEAT, Donald Trump, White, Matt Gaetz, Karine Jean, Pierre, Vladimir, Putin, Jean, Michael McCord, McCord, Lockheed Martin’s, Dmytro Kuleba, Patricia Zengerle, Mike Stone, Moira Warburton, Makini Brice, Steve Holland, Don Durfee, Alison Williams Organizations: Ukraine, Republican, Republicans, U.S, Defense Department, Ukraine Security Assistance Initiative, Congress, Senate, REPUBLICAN, Kyiv, Monday, White, Department of Defense, Pentagon, DoD, RTX, Lockheed, Democrats Locations: U.S, Washington, Kyiv, Russia, Ukraine, UKRAINE, Tucson , Arizona, Lockheed Martin’s Camden , Arkansas

The measure didn't include the $6 billion in military assistance that Ukraine said it urgently needed. They argue that if Russia's invasion is not stopped in Ukraine, other nations — including NATO allies — could be endangered. That faction was pivotal in getting Ukraine funding stripped from the last-minute 45-day funding bill that prevented a shutdown. Likewise, some European allies, including Poland, have begun to pull back on their support for the war, citing the need to prioritize their own defenses. Britain, which is no longer in the EU, has pledged nearly $6.6 billion worth of military support for Ukraine.

Persons: —, Volodymyr Zelenskyy, Donald Trump, Joe Biden, ” Biden, John Hardie, Mark Cancian, ” Cancian, Hardie, ”, John Herbst, Herbst, Jamey Keaten Organizations: WASHINGTON, —, Pentagon, White, NATO, Patriot, U.S, Republican, Foundation for Defense of Democracies, Center for Strategic, International Studies, ., Ukraine “, Atlantic Council, Kiel Institute, EU Locations: — Ukraine, Ukraine, U.S, Brussels, Russia, Poland, United States, Union, Germany, Denmark, Netherlands, France, Britain, Western, Italy, Lithuania, Norway, Geneva

☆ China Risks Property Debt
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +8 min

Source: China Real Estate Information Corp. (CRIC)The physical size of Country Garden’s real estate portfolio is enormous. The Weight of Debt The ballooning debt crisis could delay the prospect of a recovery of both the property market and the broader Chinese economy, in which real estate is a core pillar. China property sector slump China’s property sales, investment and funds raised by property developers slid in January - August 2023 after a sharp fall in 2022. China's property sector accounts for more than half of global new home sales and home building, according to Nomura. Any contraction in the property sector will affect China’s growth, thus sending ripple effects around the globe as the world’s factory slows.

Persons: Evergrande, homebuyers, Nomura, David Stanway, Jason Lee, –, Moody's, Yawen Chen, Amr Alfiky Organizations: Country, Garden, Estate Information Corp, CIFI Holdings, Sunac, National Bureau of Statistics, China, Investment, REUTERS, International Monetary Fund, Nomura, JPMorgan, Dubai, National Bureau of Economic Research Locations: China, Burj, Burj Khalifa, Sunac China, Kunming, Yunnan province, Beijing, Xuchang, Henan province, United Arab Emirates

In the week ended Sept. 12, money managers expanded their net short position in CBOT corn futures and options to 134,909 contracts from 93,913 a week earlier. That marked funds’ most bearish corn stance since mid-August 2020, when CBOT corn was trading below $3.50 per bushel. Most-active corn futures have traded below $5 since Aug. 21, and they fell 2% in the week ended Sept. 12. Managed money net position in CBOT corn futures and optionsCorn dropped to $4.73-1/2 per bushel on Sept. 12, tying mid-August for the lowest price since December 2020. Most-active CBOT wheat shed 2% in the week ended Sept. 12, dropping to the lowest price since December 2020.

Persons: Lucas Jackson, Corn, Bean, soyoil, Karen Braun, Diane Craft Organizations: Carbon Solutions, REUTERS, Rights, U.S . Department, Agriculture, Futures, Funds, Reuters, Thomson Locations: Defiance, Shelby County , Iowa, Rights NAPERVILLE , Illinois, Chicago, U.S, soymeal, Ukraine, Russia

ORLANDO, Florida, Sept 17 (Reuters) - Hedge funds cut their net short dollar position by nearly $5 billion last week, according to the latest U.S. futures markets data, the biggest swing towards a more bullish dollar stance since May last year. Less than two months ago, funds' were net short of dollars to the tune of $21.3 billion, the biggest bet against the greenback since June 2021. Speculators' net short dollar position against just the G10 currencies, which was worth $18 billion as recently as July, has now completely evaporated. A short position is essentially a wager an asset's price will fall, and a long position is a bet it will rise. Funds cut their net long holdings by 23,151 contracts to 113,080 contracts, the smallest net long since November and the biggest week-on-week reduction since June last year.

Persons: hasn't, Jamie McGeever, Christina Fincher, Lincoln Organizations: Futures, Bank of Japan, U.S . Federal, Reuters, Thomson Locations: ORLANDO, Florida, Brazilian, U.S

What's more, recent history suggests that when funds go long dollars, they tend to stay long for a while. The latest Commodity Futures Trading Commission (CFTC) data shows that funds cut their net short dollar position to $7.17 billion, the smallest bet against the dollar since mid-June and a third of what it was six weeks ago. Reuters Image Acquire Licensing RightsA short position is essentially a wager an asset's price will fall, and a long position is a bet it will rise. That was followed by a year being net short dollars, nearly two years of being net long, before swinging back to being net long for over a year. CFTC data show that funds are still holding a substantial net short yen position worth around $8.2 bln.

Persons: Dado Ruvic, Ben Bernanke, Jamie McGeever, Christina Fincher Organizations: REUTERS, Rights, Futures Trading Commission, Fed, Reuters, Bank of, CFTC, European Central Bank, Thomson Locations: Rights ORLANDO , Florida, Japan, Bank of Japan, Germany

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