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Managed Futures
Ditsch Trading Commentary - November 2023
November 2023 - Managed Futures
November was a frustrating month. Fundamental factors, especially in a middle to long-term basis, began looking increasingly bearish, and I tried to lean into the market at an inopportune time. The market got overly excited about the lack of rainfall in Northern Brazil and markets rallied, led by soybeans and particularly meal.
Looking forward, I think the market fundamentals continue to look increasingly bearish, particularly for soybeans and meal, but also somewhat for corn. If I had to rank th