Ceres Tactical Commodity 10-Q 10 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	CERES TACTICAL COMMODITY L.P.
Entity Central Index Key	0001325676
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-52602
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	20-2718952
Entity Address, Address Line One	522 Fifth Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	855
Local Phone Number	672-4468
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		54,169.1297
Class D [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		365.058
Class Z [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		398.744

Statements of Financial Conditi

Statements of Financial Condition - USD ($)		Jun. 30, 2023	Dec. 31, 2022
Assets:
Investment in the Fund, at fair value	[1]	$ 32,838,280	$ 26,810,748
Redemptions receivable from the Funds		1,618,281	654,211
Equity in trading account:
Unrestricted cash		112,029,343	118,776,357
Restricted cash		5,551,248	8,517,141
Foreign cash (cost $478,090 and $1,812,172 at June 30, 2023 and December 31, 2022, respectively)		485,940	1,864,283
Net unrealized appreciation on open contracts		879,765	2,034,807
Options purchased, at fair value (premiums paid $1,199,188 and $385,463 at June 30, 2023 and December 31, 2022, respectively)	[2]	1,913,987	616,956
Total equity in trading account		120,860,283	131,809,544
Interest receivable		471,213	388,632
Total assets		155,788,057	159,663,135
Liabilities:
Options written, at fair value (premiums received $809,204 and $484,852 at June 30, 2023 and December 31, 2022, respectively)	[3]	792,092	733,905
Accrued expenses:
Ongoing selling agent fees		94,309	96,686
Management fees		154,264	145,402
General Partner fees		96,663	99,130
Incentive fees		684,947	2,731,240
Professional fees		240,368	225,008
Redemptions payable to General Partner		0	25,000
Redemptions payable to Limited Partners		4,526,689	570,763
Total liabilities		6,589,332	4,627,134
Partners' Capital:
Total partners' capital (net asset value)		149,198,725	155,036,001
Total liabilities and partners' capital		155,788,057	159,663,135
Futures [Member]
Equity in trading account:
Net unrealized appreciation on open contracts		737,392	1,648,041
Class Z [Member]
Partners' Capital:
General Partner		1,628,781	1,645,339
Limited Partners		881,325	2,433,245
Total partners' capital (net asset value)		$ 2,510,106	$ 4,078,584
Net asset value per Redeemable Unit		$ 2,210.25	$ 2,232.72
Class A [Member]
Partners' Capital:
Limited Partners		$ 145,911,571	$ 149,662,300
Total partners' capital (net asset value)		$ 145,911,571	$ 149,662,300
Net asset value per Redeemable Unit		$ 2,684.25	$ 2,721.77
Class D [Member]
Partners' Capital:
Limited Partners		$ 777,048	$ 1,295,117
Total partners' capital (net asset value)		$ 777,048	$ 1,295,117
Net asset value per Redeemable Unit		$ 2,128.56	$ 2,158.32
[1]Defined in Note 1.[2]This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.[3]This amount is in “Options written, at fair value” in the Statements of Financial Condition.

Statements of Financial Condi_2

Statements of Financial Condition (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Options purchased, premiums paid	$ 1,199,188	$ 385,463
Options written, premiums received	$ 809,204	$ 484,852
General Partner Redeemable Units outstanding	736.921	736.921
Cash denominated in foreign currencies, proceeds	$ 478,090	$ 1,812,172
Class Z [Member]
Limited Partners Redeemable Units outstanding	398.744	1,089.811
Class A [Member]
Limited Partners Redeemable Units outstanding	54,358.4647	54,987.0707
Class D [Member]
Limited Partners Redeemable Units outstanding	365.058	600.058

Condensed Schedule of Investmen

Condensed Schedule of Investments		Jun. 30, 2023 USD ($) Derivative Contract	Dec. 31, 2022 USD ($) Derivative Contract
Schedule of Investments [Line Items]
Investment, Fair Value	[1]	$ 32,838,280	$ 26,810,748
Percentage of Partners' Capital		22.01%	17.29%
Futures [Member]
Schedule of Investments [Line Items]
Net unrealized depreciation on open contracts	[2]	$ 737,392	$ 1,648,041
Total unrealized appreciation on open contracts		3,555,144	3,458,980
Total unrealized depreciation on open contracts		$ (2,817,752)	$ (1,810,939)
Percentage of Partners' Capital		0.49%	1.06%
Contracts Purchased [Member] | Futures [Member]
Schedule of Investments [Line Items]
Investment, Fair Value		$ 376,171	$ 2,540,423
Percentage of Partners' Capital		0.25%	1.64%
Contracts Purchased [Member] | Option [Member]
Schedule of Investments [Line Items]
Investment, Fair Value		$ 1,913,987	$ 616,956
Percentage of Partners' Capital		1.28%	0.40%
Contracts Sold [Member] | Futures [Member]
Schedule of Investments [Line Items]
Investment, Fair Value		$ 361,221	$ (892,382)
Percentage of Partners' Capital		0.24%	(0.58%)
Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Investment, Fair Value		$ (792,092)	$ (733,905)
Percentage of Partners' Capital		(0.53%)	(0.47%)
Metals [Member] | Futures [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 140,440	$ 6,542
Total unrealized depreciation on open contracts		$ (87,751)	$ (34,284)
Percentage of Partners' Capital			0%
Metals [Member] | Contracts Purchased [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		27	20
Investment, Fair Value		$ (32,176)	$ (20,621)
Percentage of Partners' Capital		(0.02%)	(0.01%)
Metals [Member] | Contracts Sold [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		158	41
Investment, Fair Value		$ 84,865	$ (7,121)
Percentage of Partners' Capital		0.06%
Currencies [Member] | Futures [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 35,311
Total unrealized depreciation on open contracts		$ (13,623)	$ (163,750)
Percentage of Partners' Capital		0.01%
Currencies [Member] | Contracts Purchased [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		15	80
Investment, Fair Value		$ 7,688	$ (134,909)
Percentage of Partners' Capital			(0.09%)
Currencies [Member] | Contracts Sold [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		158	47
Investment, Fair Value		$ 14,000	$ (28,841)
Percentage of Partners' Capital		0.01%	(0.02%)
Energy [Member] | Futures [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 886,697	$ 2,380,931
Total unrealized depreciation on open contracts		$ (906,760)	$ (1,256,014)
Energy [Member] | Contracts Purchased [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		696	566
Investment, Fair Value		$ 796,338	$ 1,904,844
Percentage of Partners' Capital		0.52%	1.23%
Energy [Member] | Contracts Sold [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts		717	449
Investment, Fair Value		$ (816,401)	$ (779,927)
Percentage of Partners' Capital		(0.55%)	(0.51%)
Grains [Member] | Futures [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 1,494,362	$ 532,999
Total unrealized depreciation on open contracts		$ (1,310,254)	$ (207,317)
Grains [Member] | Contracts Purchased [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		455	817
Investment, Fair Value		$ (1,132,630)	$ 431,164
Percentage of Partners' Capital		(0.76%)	0.28%
Grains [Member] | Contracts Sold [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		678	141
Investment, Fair Value		$ 1,316,738	$ (105,482)
Percentage of Partners' Capital		0.88%	(0.07%)
Livestock [Member] | Futures [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 475,555	$ 62,710
Total unrealized depreciation on open contracts		$ (39,330)	$ (24,430)
Percentage of Partners' Capital			0%
Livestock [Member] | Contracts Purchased [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		257	73
Investment, Fair Value		$ 473,735	$ 40,700
Percentage of Partners' Capital		0.32%	0.03%
Livestock [Member] | Contracts Sold [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		47	23
Investment, Fair Value		$ (37,510)	$ (2,420)
Percentage of Partners' Capital		(0.03%)
Softs [Member] | Futures [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 522,779	475,798
Total unrealized depreciation on open contracts		$ (460,034)	$ (125,144)
Softs [Member] | Contracts Purchased [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		261	574
Investment, Fair Value		$ 263,216	$ 319,245
Percentage of Partners' Capital		0.18%	0.20%
Softs [Member] | Contracts Sold [Member] | Futures [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		198	202
Investment, Fair Value		$ (200,471)	$ 31,409
Percentage of Partners' Capital		(0.13%)	0.02%
Forwards [Member]
Schedule of Investments [Line Items]
Net unrealized depreciation on open contracts	[3]	$ 142,373	$ 386,766
Total unrealized appreciation on open contracts		1,078,953	2,687,181
Total unrealized depreciation on open contracts		$ (936,580)	$ (2,300,415)
Percentage of Partners' Capital		0.10%	0.25%
Forwards [Member] | Metals [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 1,078,953	$ 2,687,181
Total unrealized depreciation on open contracts		(936,580)	(2,300,415)
CMFNL Master Fund LLC [Member]
Schedule of Investments [Line Items]
Investment, Fair Value		$ 12,039,342	$ 12,964,184
Percentage of Partners' Capital		8.07%	8.36%
CMF Drakewood Master Fund LLC [Member]
Schedule of Investments [Line Items]
Investment, Fair Value		$ 20,798,938	$ 13,846,564
Percentage of Partners' Capital		13.94%	8.93%
Assets [Member] | Forwards [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 1,078,953	$ 2,687,181
Percentage of Partners' Capital		0.72%	1.73%
Assets [Member] | Forwards [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		322	125
Total unrealized appreciation on open contracts		$ 1,078,953	$ 2,687,181
Percentage of Partners' Capital		0.72%	1.73%
Calls [Member] | Metals [Member] | Contracts Purchased [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		41	68
Investment, Fair Value		$ 91,938	$ 607,086
Percentage of Partners' Capital		0.06%	0.39%
Calls [Member] | Metals [Member] | Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		41	71
Investment, Fair Value		$ (91,938)	$ (695,142)
Percentage of Partners' Capital		(0.06%)	(0.45%)
Calls [Member] | Energy [Member] | Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		12
Investment, Fair Value		$ (42,960)
Percentage of Partners' Capital		(0.03%)
Calls [Member] | Grains [Member] | Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative			11
Investment, Fair Value			$ (19,635)
Percentage of Partners' Capital			(0.01%)
Puts [Member] | Metals [Member] | Contracts Purchased [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		62	12
Investment, Fair Value		$ 238,533	$ 300
Percentage of Partners' Capital		0.16%	0%
Puts [Member] | Metals [Member] | Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		66	12
Investment, Fair Value		$ (255,793)	$ (300)
Percentage of Partners' Capital		(0.17%)	0%
Puts [Member] | Energy [Member] | Contracts Purchased [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		12
Investment, Fair Value		$ 9,360
Percentage of Partners' Capital		0.01%
Puts [Member] | Energy [Member] | Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts		8	3
Investment, Fair Value		$ (46,400)	$ (6,750)
Percentage of Partners' Capital		(0.03%)	0%
Puts [Member] | Grains [Member] | Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		277	6
Investment, Fair Value		$ (314,868)	$ (12,078)
Percentage of Partners' Capital		(0.21%)	(0.01%)
Puts [Member] | Livestock [Member] | Contracts Purchased [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		174	11
Investment, Fair Value		$ 43,500	$ 9,570
Percentage of Partners' Capital		0.03%	0.01%
Puts [Member] | Softs [Member] | Contracts Sold [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		36
Investment, Fair Value		$ (40,133)
Percentage of Partners' Capital		(0.03%)
Puts [Member] | CORN FUTURE [Member] | Contracts Purchased [Member] | Option [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		435
Investment, Fair Value		$ 1,530,656
Percentage of Partners' Capital		1.02%
Liabilities [Member] | Forwards [Member]
Schedule of Investments [Line Items]
Total unrealized depreciation on open contracts		$ (936,580)	$ (2,300,415)
Percentage of Partners' Capital		(0.62%)	(1.48%)
Liabilities [Member] | Forwards [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Derivative		305	106
Total unrealized depreciation on open contracts		$ (936,580)	$ (2,300,415)
Percentage of Partners' Capital		(0.62%)	(1.48%)
[1]Defined in Note 1.[2]This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition.[3]This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition.

Condensed Schedule of Investm_2

Condensed Schedule of Investments (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Schedule of Investments [Abstract]
Options purchased, premium paid	$ 1,199,188	$ 385,463
Options written, premium received	$ 809,204	$ 484,852

Statements of Income and Expens

Statements of Income and Expenses - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investment Income:
Interest income		$ 1,342,380	$ 118,960	$ 2,620,295	$ 136,389
Interest income allocated from the Funds		300,612	53,446	521,750	59,440
Total investment income		1,642,992	172,406	3,142,045	195,829
Expenses:
Expenses allocated from the Funds		38,835	70,651	75,846	116,314
Clearing fees related to direct investments		202,748	220,109	385,983	446,624
Ongoing selling agent fees		282,132	278,190	564,725	533,159
Management fees		454,776	424,088	896,364	790,273
General Partner fees		289,137	283,758	578,791	542,653
Incentive fees		560,460	2,318,477	684,947	5,223,871
Professional fees		112,797	121,688	226,411	237,766
Total expenses		1,940,885	3,716,961	3,413,067	7,890,660
Net investment income (loss)		(297,893)	(3,544,555)	(271,022)	(7,694,831)
Net gains (losses) on trading of commodity interests and investments in the Funds:
Net realized gains (losses) on closed contracts		1,340,072	(27,958,221)	223,038	(43,397,614)
Net realized gains (losses) on closed contracts allocated from the Funds		(1,022,193)	(85,608)	(1,919,973)	4,977,819
Net change in unrealized gains (losses) on open contracts		291,129	37,377,237	(449,832)	62,815,328
Net change in unrealized gains (losses) on open contracts allocated from the Funds		873,255	1,400,486	284,313	1,397,589
Total trading results		1,482,263	10,733,894	(1,862,454)	25,793,122
Net income (loss)		1,184,370	7,189,339	(2,133,476)	18,098,291
Class A [Member]
Net gains (losses) on trading of commodity interests and investments in the Funds:
Net income (loss)		$ 1,135,846	$ 6,985,903	$ (2,074,560)	$ 17,609,289
Net income (loss) per Redeemable Unit	[1]	$ 20.54	$ 127.5	$ (37.52)	$ 321.59
Weighted average Redeemable Units outstanding		55,341.3217	55,039.4694	55,346.5517	54,880.9785
Class D [Member]
Net gains (losses) on trading of commodity interests and investments in the Funds:
Net income (loss)		$ 9,771	$ 60,668	$ (17,857)	$ 153,022
Net income (loss) per Redeemable Unit	[1]	$ 16.28	$ 101.1	$ (29.76)	$ 255.01
Weighted average Redeemable Units outstanding		600.058	600.058	600.058	600.058
Class Z [Member]
Net gains (losses) on trading of commodity interests and investments in the Funds:
Net income (loss)		$ 38,753	$ 142,768	$ (41,059)	$ 335,980
Net income (loss) per Redeemable Unit	[1]	$ 21.04	$ 108.1	$ (22.47)	$ 269.96
Weighted average Redeemable Units outstanding		1,841.463	1,518.1417	1,839.9165	1,355.9143
[1]Represents the change in net asset value per Redeemable Unit during the period.

Statements of Changes in Partne

Statements of Changes in Partners' Capital - USD ($)	Total	Class A [Member]	Class D [Member]	Class Z [Member]	Limited Partners [Member]	Limited Partners [Member] Class A [Member]	Limited Partners [Member] Class D [Member]	Limited Partners [Member] Class Z [Member]
Partners' Capital, beginning of period at Dec. 31, 2021	$ 127,910,424	$ 124,645,209	$ 1,089,766	$ 2,175,449
Partners' Capital, Redeemable Units, beginning of period at Dec. 31, 2021	56,192.0847	54,425.1587	600.058	1,166.868
Subscriptions					$ 5,455,000	$ 4,380,000		$ 1,075,000
Subscriptions, Redeemable Units					2,282.261	1,768.76		513.501
Redemptions					$ (4,883,128)	$ (4,883,128)
Redemptions, Redeemable Units					(1,920.454)	(1,920.454)
Net income (loss)	$ 18,098,291	$ 17,609,289	$ 153,022	$ 335,980
Partners' Capital, end of period at Jun. 30, 2022	$ 146,580,587	$ 141,751,370	$ 1,242,788	$ 3,586,429
Partners' Capital, Redeemable Units, end of period at Jun. 30, 2022	56,553.8917	54,273.4647	600.058	1,680.369
Partners' Capital, beginning of period at Mar. 31, 2022	$ 138,961,250	$ 135,360,469	$ 1,182,120	$ 2,418,661
Partners' Capital, Redeemable Units, beginning of period at Mar. 31, 2022	56,280.0767	54,486.3317	600.058	1,193.687
Subscriptions					$ 3,647,000	$ 2,622,000		$ 1,025,000
Subscriptions, Redeemable Units					1,506.632	1,019.95		486.682
Redemptions					$ (3,217,002)	$ (3,217,002)
Redemptions, Redeemable Units					(1,232.817)	(1,232.817)
Net income (loss)	$ 7,189,339	$ 6,985,903	$ 60,668	$ 142,768
Partners' Capital, end of period at Jun. 30, 2022	$ 146,580,587	$ 141,751,370	$ 1,242,788	$ 3,586,429
Partners' Capital, Redeemable Units, end of period at Jun. 30, 2022	56,553.8917	54,273.4647	600.058	1,680.369
Partners' Capital, beginning of period at Dec. 31, 2022	$ 155,036,001	$ 149,662,300	$ 1,295,117	$ 4,078,584
Partners' Capital, Redeemable Units, beginning of period at Dec. 31, 2022	57,413.8607	54,987.0707	600.058	1,826.732
Subscriptions					$ 4,479,619	$ 4,417,119		$ 62,500
Subscriptions, Redeemable Units					1,667.352	1,639.212		28.14
Redemptions					$ (8,183,419)	$ (6,093,288)	$ (500,212)	$ (1,589,919)
Redemptions, Redeemable Units					(3,222.025)	(2,267.818)	(235)	(719.207)
Net income (loss)	$ (2,133,476)	$ (2,074,560)	$ (17,857)	$ (41,059)
Partners' Capital, end of period at Jun. 30, 2023	$ 149,198,725	$ 145,911,571	$ 777,048	$ 2,510,106
Partners' Capital, Redeemable Units, end of period at Jun. 30, 2023	55,859.1877	54,358.4647	365.058	1,135.665
Partners' Capital, beginning of period at Mar. 31, 2023	$ 152,731,033	$ 147,432,201	$ 1,267,489	$ 4,031,343
Partners' Capital, Redeemable Units, beginning of period at Mar. 31, 2023	57,789.9727	55,348.4517	600.058	1,841.463
Subscriptions					$ 890,840	$ 890,840
Subscriptions, Redeemable Units					333.031	333.031
Redemptions					$ (5,607,518)	$ (3,547,316)	$ (500,212)	$ (1,559,990)
Redemptions, Redeemable Units					(2,263.816)	(1,323.018)	(235)	(705.798)
Net income (loss)	$ 1,184,370	$ 1,135,846	$ 9,771	$ 38,753
Partners' Capital, end of period at Jun. 30, 2023	$ 149,198,725	$ 145,911,571	$ 777,048	$ 2,510,106
Partners' Capital, Redeemable Units, end of period at Jun. 30, 2023	55,859.1877	54,358.4647	365.058	1,135.665

Organization

Organization	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization: Ceres Tactical Commodity L.P. (the “Partnership”) is a limited partnership organized on April 20, 2005 under the partnership laws of the State of New York to engage, directly and indirectly, in the speculative trading of commodity interests on United States (“U.S.”) and international futures, options on futures and forward markets. The Partnership may also engage, directly or indirectly, in swap transactions and other derivative transactions with the approval of the General Partner (as defined below). Initially, the Partnership’s investment strategy focused on energy and energy-related investments. While the Partnership is expected to continue to have significant exposure to energy and energy-related markets, such trading will no longer be the Partnership’s primary focus. Therefore, the Partnership’s past trading performance will not necessarily be indicative of future results. The sectors traded include energy, grains, livestock, metals and softs. The commodity interests that are traded by the Partnership, directly or indirectly through its investment in the Funds (as defined below) are volatile and involve a high degree of market risk. The General Partner may also determine to invest up to all of the Partnership’s assets (directly or indirectly through its investment in the Funds) in U.S. Treasury bills and/or money market mutual funds, including money market mutual funds managed by Morgan Stanley or its affiliates. During the initial offering period, the Partnership sold 11,925 redeemable units of limited partnership interest (“Redeemable Units”). The Partnership commenced trading on September 6, 2005. The Partnership privately and continuously offers Redeemable Units to qualified investors. There is no maximum number of Redeemable Units that may be sold by the Partnership. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (the “General Partner”) and commodity pool operator of the Partnership, is the trading manager (the “Trading Manager”) of NL Master (as defined below) and Drakewood Master (as defined below), and was the trading manager of GSL Master (as defined below). The General Partner is a wholly-owned subsidiary of Morgan Stanley Domestic Holdings, Inc. (“MSD Holdings”). MSD Holdings is ultimately owned by Morgan Stanley. Morgan Stanley is a publicly held company whose shares are listed on the New York Stock Exchange. Morgan Stanley is engaged in various financial services and other businesses. As of June 30, 2023, all trading decisions are made for the Partnership by Millburn Ridgefield Corporation (“Millburn”), Ospraie Management, LLC (“Ospraie”), Northlander Commodity Advisors LLP (“Northlander”), Drakewood Capital Management Limited (“Drakewood”), EMC Capital Advisors, LLC (“EMC”) and Opus Futures, LLC (“Opus”) (each, an “Advisor” and, collectively, the “Advisors”), each, a registered commodity trading advisor. On June 30, 2022, the Partnership fully redeemed its investment from CMF GSL Master Fund LLC (“GSL Master”). Also effective June 30, 2022, Geosol Capital, LLC (“Geosol”) ceased to act as a commodity trading advisor to the Partnership. Effective October 31, 2022, Pan Capital Management L.P. (“Pan”) ceased to act as a commodity trading advisor to the Partnership. References herein to the “Advisors” may include, as relevant, Pan and Geosol. Each Advisor is allocated a portion of the Partnership’s assets to manage. The Partnership invests the portion of its assets allocated to each of the Advisors either directly, through individually managed accounts, or indirectly through its investment in the Funds. The Advisors are not affiliated with one another, are not affiliated with the General Partner and MS&Co. and are not responsible for the organization or operation of the Partnership. As of June 13, 2018, the Partnership began offering three classes of limited partnership interests, Class A Redeemable Units, Class D Redeemable Units and Class Z Redeemable Units. All Redeemable Units issued prior to October 31, 2016 were deemed “Class A Redeemable Units.” Class Z Redeemable Units were first issued on January 1, 2017. The rights, liabilities, risks and fees associated with investment in the Class A Redeemable Units were not changed. Class D Redeemable Units were first issued on July 1, 2018. The rights, liabilities, risks and fees associated with investment in the Class A Redeemable Units and Class Z Redeemable Units were not changed. Class A Redeemable Units, Class D Redeemable Units and Class Z Redeemable Units will each be referred to as a “Class” and collectively referred to as the “Classes.” Class A Redeemable Units are and Class D Redeemable Units were available to taxable U.S. individuals and institutions, U.S. tax exempt individuals and institutions and non-U.S. During the reporting periods ended June 30, 2023 and 2022, the Partnership’s/Funds’ commodity broker was Morgan Stanley & Co. LLC (“MS&Co.”), a registered futures commission merchant. Opus, EMC, Millburn and Ospraie directly trade the Partnership’s assets allocated to each Advisor through managed accounts in the name of the Partnership pursuant to Opus’s Advanced Ag Program, EMC’s Commodity Program, Millburn’s Commodity Program and Ospraie’s Commodity Program, respectively. The Partnership, CMF NL Master Fund LLC (“NL Master”) and CMF Drakewood Master Fund LLC (“Drakewood Master”) have, and GSL Master had, entered into futures brokerage account agreements with MS&Co. NL Master and Drakewood Master are collectively referred to as the “Funds.” References herein to “Funds” may also include, as relevant, GSL Master. The Partnership, directly and through its investment in the Funds, pays MS&Co. (or will reimburse MS&Co. if previously paid) its allocable share of all trading fees for the clearing and, where applicable, the execution of transactions as well as exchange, user, give-up, The Partnership has also entered into a selling agreement (as amended, the “Selling Agreement”) with Morgan Stanley Wealth Management. Pursuant to the Selling Agreement, the Partnership pays Morgan Stanley Wealth Management a monthly ongoing selling agent fee equal to 0.75% per year of the adjusted month-end Effective January 1, 2021, the management fee paid to Millburn was reduced to 1/12 of 1.0% (1.0% per year) of the adjusted month-end The General Partner fees, management fees, incentive fees and professional fees of the Partnership are allocated proportionally to each Class based on the net asset value of each Class. The General Partner has delegated certain administrative functions to SS&C Technologies, Inc., a Delaware corporation, currently doing business as SS&C GlobeOp (the “Administrator”). Pursuant to a master services agreement, the Administrator furnishes certain administrative, accounting, regulatory reporting, tax and other services as agreed from time to time. In addition, the Administrator maintains certain books and records of the Partnership. The cost of retaining the Administrator is allocated among the pools operated by the General Partner, including the Partnership.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies: The accompanying financial statements and accompanying notes are unaudited but, in the opinion of the General Partner, include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Partnership’s financial condition at June 30, 2023 and the results of its operations and changes in partners’ capital for the three and six months ended June 30, 2023 and 2022. These financial statements present the results of interim periods and do not include all disclosures normally provided in annual financial statements. These financial statements should be read together with the financial statements and notes included in the Partnership’s Annual Report on Form 10-K 10-K”) Due to the nature of commodity trading, the results of operations for the interim periods presented should not be considered indicative of the results that may be expected for the entire year. Use of Estimates. Profit Allocation. Statement of Cash Flows. “Statement of Cash Flows.” Partnership’s Investment in the Funds. Partnership’s/Funds’ Derivative Investments. first-in, first-out The Partnership/Funds do not isolate the portion of the results of operations arising from the effect of changes in foreign exchange rates on investments due to fluctuations from changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s/Funds’ Statements of Income and Expenses. Partnership’s Cash Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not The 2019 through 2022 Investment Company Status 2013-08 “Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements” Net Income (Loss) per Redeemable Unit. “Financial Services – Investment Companies.” There have been no material changes with respect to the Partnership’s critical accounting policies as reported in the Partnership’s Annual Report on Form 10-K

Financial Highlights

Financial Highlights	6 Months Ended
	Jun. 30, 2023
Investment Company [Abstract]
Financial Highlights	3. Financial Highlights: Financial highlights for the limited partner Classes as a whole for the three and six months ended June 30, 2023 and 2022 were as follows. Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Per Redeemable Unit Performance (for a unit outstanding throughout the period): * Net realized and unrealized gains (losses) $ 25.87 $ 20.51 $ 21.27 $ 190.16 $ 150.90 $ 151.68 $ (32.53 ) $ (25.81 ) $ (26.67 ) $ 458.18 $ 363.46 $ 368.48 Net investment income (loss) (5.33 ) (4.23 ) (0.23 ) (62.66 ) (49.80 ) (43.58 ) (4.99 ) (3.95 ) 4.20 (136.59 ) (108.45 ) (98.52 ) Increase (decrease) for the period 20.54 16.28 21.04 127.50 101.10 108.10 (37.52 ) (29.76 ) (22.47 ) 321.59 255.01 269.96 Net asset value per Redeemable Unit, beginning of period 2,663.71 2,112.28 2,189.21 2,484.30 1,970.01 2,026.21 2,721.77 2,158.32 2,232.72 2,290.21 1,816.10 1,864.35 Net asset value per Redeemable Unit, end of period $ 2,684.25 $ 2,128.56 $ 2,210.25 $ 2,611.80 $ 2,071.11 $ 2,134.31 $ 2,684.25 $ 2,128.56 $ 2,210.25 $ 2,611.80 $ 2,071.11 $ 2,134.31 Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Ratios to Average Limited Partners’ Capital: ** Net investment income (loss) *** 0.3 % 0.3 % 1.3 % (5.0) % (5.0) % (4.3) % 0.1 % 0.1 % 0.9 % (7.4) % (7.4) % (6.2) % Operating expenses 3.7 % 4.0 % 3.4 % 3.9 % 3.9 % 3.5 % 3.6 % 3.8 % 3.1 % 3.9 % 3.9 % 3.2 % Incentive fees 0.4 % 0.4 % 0.4 % 1.6 % 1.6 % 1.4 % 0.4 % 0.5 % 0.5 % 3.8 % 3.8 % 3.3 % Total expenses 4.1 % 4.4 % 3.8 % 5.5 % 5.5 % 4.9 % 4.0 % 4.3 % 3.6 % 7.7 % 7.7 % 6.5 % Total return: Total return before incentive fees 1.1 % 1.1 % 1.3 % 6.8 % 6.8 % 6.6 % (0.9) % (0.9) % (0.6) % 18.1 % 18.1 % 17.9 % Incentive fees (0.3) % (0.3) % (0.3) % (1.7) % (1.7) % (1.3) % (0.5) % (0.5) % (0.4) % (4.1) % (4.1) % (3.4) % Total return after incentive fees 0.8 % 0.8 % 1.0 % 5.1 % 5.1 % 5.3 % (1.4) % (1.4) % (1.0) % 14.0 % 14.0 % 14.5 % * Net investment income (loss) per Redeemable Unit is calculated by dividing the interest income less total expenses by the average number of Redeemable Units outstanding during the period. The net realized and unrealized gains (losses) per Redeemable Unit is a balancing amount necessary to reconcile the change in net asset value per Redeemable Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses. The above ratios and total return may vary for individual investors based on the timing of capital transactions during the period. Additionally, these ratios are calculated for the limited partner Classes using the limited partners’ share of income, expenses and average partners’ capital of the Partnership and include the income and expenses allocated from the Funds.

Trading Activities

Trading Activities	6 Months Ended
	Jun. 30, 2023
Brokers and Dealers [Abstract]
Trading Activities	4. Trading Activities: The Partnership was formed for the purpose of trading contracts in a variety of commodity interests, including derivative financial instruments and derivative commodity interests. The results of the Partnership’s trading activities are shown in the Statements of Income and Expenses. The Partnership also invests certain of its assets through a “master/feeder” structure. The Partnership’s pro-rata The futures brokerage account agreements with MS&Co. give the Partnership and the Funds, respectively, the legal right to net unrealized gains and losses on open futures and forward contracts in their respective Statements of Financial Condition. The Partnership and the Funds net, for financial reporting purposes, the unrealized gains and losses on open futures and open forward contracts in their respective Statements of Financial Condition, as the criteria under ASC 210-20, “Balance Sheet,” All of the commodity interests owned directly by the Partnership are held for trading purposes. All of the commodity interests owned by the Funds are held for trading purposes. The monthly average number of futures contracts traded directly by the Partnership during the three months ended June 30, 2023 and 2022 were 4,987 and 33,662, respectively. The monthly average number of futures contracts traded directly by the Partnership during the six months ended June 30, 2023 and 2022 were 5,020 and 34,689, respectively. The monthly average number of metals forward contracts traded directly by the Partnership during the three months ended June 30, 2023 and 2022 were 905 and 775, respectively. The monthly average number of metals forward contracts traded directly by the Partnership during the six months ended June 30, 2023 and 2022 were 981 and 919, respectively. The monthly average number of option contracts traded directly by the Partnership during the three months ended June 30, 2023 and 2022 were 1,651 and 6,095, respectively. The monthly average number of option contracts traded directly by the Partnership during the six months ended June 30, 2023 and 2022 were 1,406 and 6,565, respectively. Trading and transaction fees are based on the number of trades executed by the Advisors and the Partnership’s respective percentage ownership of each Fund. All clearing fees paid to MS&Co. are borne directly by the Partnership for its direct trading. In addition, clearing fees are borne by the Funds for indirect trading and allocated to the Funds’ members, including the Partnership. The following tables summarize the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting arrangements or similar agreements as of June 30, 2023 and December 31, 2022, respectively. Gross Gross Amounts Amounts Gross Amounts Not Offset in the June 30, 2023 Financial Cash Collateral Net Amount Assets Futures $ 3,555,144 $ (2,817,752 ) $ 737,392 $ - $ - $ 737,392 Forwards 1,078,953 (936,580 ) 142,373 - - 142,373 Total assets $ 4,634,097 $ (3,754,332) $ 879,765 $ - $ - $ 879,765 Liabilities Futures $ (2,817,752 ) $ 2,817,752 $ - $ - $ - $ - Forwards (936,580 ) 936,580 - - - - Total liabilities $ (3,754,332 ) $ 3,754,332 $ - $ - $ - $ - Net fair value $ 879,765 * Gross Gross Amounts Statements of Amounts Statements of Gross Amounts Not Offset in the December 31, 2022 Financial Cash Collateral Net Amount Assets Futures $ 3,458,980 $ (1,810,939) $ 1,648,041 $ - $ - $ 1,648,041 Forwards 2,687,181 (2,300,415) 386,766 - - 386,766 Total assets $ 6,146,161 $ (4,111,354) $ 2,034,807 $ - $ - $ 2,034,807 Liabilities Futures $ (1,810,939) $ 1,810,939 $ - $ - $ - $ - Forwards (2,300,415) 2,300,415 - - - - Total liabilities $ (4,111,354) $ 4,111,354 $ - $ - $ - $ - Net fair value $ 2,034,807 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded The following tables indicate the gross fair values of derivative instruments of futures, forward and option contracts held directly by the Partnership as separate assets and liabilities as of June 30, 2023 and December 31, 2022, respectively. June 30, Assets Futures Contracts Currencies $ 35,311 Energy 886,697 Grains 1,494,362 Livestock 475,555 Metals 140,440 Softs 522,779 Total unrealized appreciation on open futures contracts 3,555,144 Liabilities Futures Contracts Currencies (13,623) Energy (906,760) Grains (1,310,254) Livestock (39,330) Metals (87,751) Softs (460,034) Total unrealized depreciation on open futures contracts (2,817,752) Net unrealized appreciation on open futures contracts $ 737,392 * Assets Forward Contracts Metals $ 1,078,953 Total unrealized appreciation on open forward contracts 1,078,953 Liabilities Forward Contracts Metals (936,580) Total unrealized depreciation on open forward contracts (936,580) Net unrealized appreciation on open forward contracts $ 142,373 ** Assets Options Purchased Energy $ 9,360 Grains 1,530,656 Livestock 43,500 Metals 330,471 Total options purchased $ 1,913,987 *** Liabilities Options Written Energy $ (89,360) Grains (314,868) Metals (347,731) Softs (40,133) Total options written $ (792,092) **** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. *** This amount is in “Options purchased, at fair value” in the Statements of Financial Condition. **** This amount is in “Options written, at fair value” in the Statements of Financial Condition. December 31, Assets Futures Contracts Energy $ 2,380,931 Grains 532,999 Livestock 62,710 Metals 6,542 Softs 475,798 Total unrealized appreciation on open futures contracts 3,458,980 Liabilities Futures Contracts Currencies (163,750) Energy (1,256,014) Grains (207,317) Livestock (24,430) Metals (34,284) Softs (125,144) Total unrealized depreciation on open futures contracts (1,810,939) Net unrealized appreciation on open futures contracts $ 1,648,041 * Assets Forward Contracts Metals $ 2,687,181 Total unrealized appreciation on open forward contracts 2,687,181 Liabilities Forward Contracts Metals (2,300,415) Total unrealized depreciation on open forward contracts (2,300,415) Net unrealized appreciation on open forward contracts $ 386,766 ** Assets Options Purchased Livestock $ 9,570 Metals 607,386 Total options purchased $ 616,956 *** Liabilities Options Written Energy $ (6,750) Grains (31,713) Metals (695,442) Total options written $ (733,905) **** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. *** This amount is in “Options purchased, at fair value” in the Statements of Financial Condition. **** This amount is in “Options written, at fair value” in the Statements of Financial Condition. The following table indicates the trading gains and losses, by market sector, on derivative instruments traded directly by the Partnership for the three and six months ended June 30, 2023 and 2022. Three Months Ended June 30, Six Months Ended June 30, Sector 2023 2022 2023 2022 Currencies $ (138,655) $ (241,649) $ (220,580) $ (269,161) Energy (1,510,665) 8,271,301 (3,212,293) 18,182,213 Grains 298,980 1,212,094 (687,992) 1,336,981 Indices - 194,862 - 421,650 Livestock 1,338,841 149,908 1,660,221 29,686 Metals 159,058 (123,938) 293,343 (1,216,553) Softs 1,483,642 (43,562) 1,940,507 932,898 Total $ 1,631,201 ***** $ 9,419,016 ***** $ (226,794) ***** $ 19,417,714 ***** ***** This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements: Partnership’s and the Funds’ Fair Value Measurements. The fair value of exchange-traded futures, option and forward contracts is determined by the various exchanges, and reflects the settlement price for each contract as of the close of business on the last business day of the reporting period. The fair value of foreign currency forward contracts is extrapolated on a forward basis from the spot prices quoted as of approximately 3:00 P.M. (E.T.) on the last business day of the reporting period from various exchanges. The fair value of non-exchange-traded The Partnership and the Funds consider prices for commodity futures, swap and option contracts to be based on unadjusted quoted prices in active markets for identical assets and liabilities (Level 1). The values of U.S. Treasury bills, non-exchange-traded futures, forward, swap and certain option contracts for which market quotations are not readily available are priced by pricing services that derive fair values for those assets and liabilities from observable inputs (Level 2). As of June 30, 2023 and December 31, 2022 and for the periods ended June 30, 2023 and 2022, the Partnership and the Funds did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of the General Partner’s assumptions and internal valuation pricing models (Level 3). June 30, 2023 Total Level 1 Level 2 Level 3 Assets Futures $ 3,555,144 $ 3,555,144 $ - $ - Forwards 1,078,953 - 1,078,953 - Options purchased 1,913,987 1,913,987 - - Total assets $ 6,548,084 $ 5,469,131 $ 1,078,953 $ - Liabilities Futures $ 2,817,752 $ 2,817,752 $ - $ - Forwards 936,580 - 936,580 - Options written 792,092 792,092 - - Total liabilities $ 4,546,424 $ 3,609,844 $ 936,580 $ - December 31, 2022 Total Level 1 Level 2 Level 3 Assets Futures $ 3,458,980 $ 3,458,980 $ - $ - Forwards 2,687,181 - 2,687,181 - Options purchased 616,956 616,956 - - Total assets $ 6,763,117 $ 4,075,936 $ 2,687,181 $ - Liabilities Futures $ 1,810,939 $ 1,810,939 $ - $ - Forwards 2,300,415 - 2,300,415 - Options written 733,905 733,905 - - Total liabilities $ 4,845,259 $ 2,544,844 $ 2,300,415 $ - The Investment in the Funds measured using the net asset value per share practical expedient is not required to be included in the fair value hierarchy. Please refer to the Condensed Schedules of Investments as of June 30, 2023 and December 31, 2022, respectively.

Investment in the Funds

Investment in the Funds	6 Months Ended
	Jun. 30, 2023
Schedule of Investments [Abstract]
Investment in the Funds	6. Investment in the Funds: On April 1, 2019, the Partnership allocated a portion of its assets to NL Master, a limited liability company organized under the limited liability company laws of the State of Delaware. NL Master permits accounts managed by Northlander using Northlander’s Commodity Program, a proprietary, discretionary trading system, to invest together in one trading vehicle. The General Partner is also the trading manager of NL Master. Individual and pooled accounts currently managed by Northlander, including the Partnership, are permitted to be members of NL Master. The Trading Manager and Northlander believe that trading through this master/feeder structure should promote efficiency and economy in the trading process. On May 1, 2022, the Partnership allocated a portion of its assets to Drakewood Master, a limited liability company organized under the limited liability company laws of the State of Delaware. Drakewood Master permits accounts managed by Drakewood using Drakewood’s Drakewood Prospect Fund Strategy, a proprietary, discretionary trading system, to invest together in one trading vehicle. The General Partner is also the trading manager of Drakewood Master. Individual and pooled accounts currently managed by Drakewood, including the Partnership, are permitted to be members of Drakewood Master. The Trading Manager and Drakewood believe that trading through the master/feeder structure should promote efficiency and economy in the trading process. On November 1, 2020, the Partnership allocated a portion of its assets to GSL Master, a limited liability company organized under the limited liability company laws of the State of Delaware. GSL Master permitted accounts managed by Geosol using Geosol’s U.S. Power and Natural Gas Program, a proprietary, discretionary trading system, to invest together in one trading vehicle. On June 30, 2022, the Partnership fully redeemed its investment from GSL Master. The General Partner is not aware of any material changes to the trading programs discussed above or in Note 1, “Organization” during the fiscal quarter ended June 30, 2023. The Partnership’s/Funds’ trading of futures, forward, swap and option contracts, if applicable, on commodities is done primarily on U.S. commodity exchanges and foreign commodity exchanges. The Partnership/Funds engage in such trading through commodity brokerage accounts maintained with MS&Co. Generally, a member in the Funds withdraws all or part of its capital contribution and undistributed profits, if any, from the Funds as of the end of any month (the “Redemption Date”) after a request has been made to the Trading Manager at least three days in advance of the Redemption Date. Such withdrawals are classified as a liability when the member elects to redeem and informs the Funds. However, a member may request a withdrawal as of the end of any day if such request is received by the Trading Manager at least three days in advance of the proposed withdrawal date. Management fees, General Partner fees, ongoing selling agent fees and incentive fees are charged at the Partnership level. All clearing fees paid to MS&Co. are borne directly by the Partnership for its direct trading. In addition, clearing fees are borne by the Funds and allocated to the Funds’ members, including the Partnership. Professional fees are borne by the Funds and allocated to the Partnership, and are also charged directly at the Partnership level. At June 30, 2023, the Partnership owned approximately 27.6% of NL Master and 38.9% of Drakewood Master. At December 31, 2022, the Partnership owned approximately 28.6% of NL Master and 31.8% of Drakewood Master. It is the Partnership’s intention to continue to invest in the Funds. The performance of the Partnership is directly affected by the performance of the Funds. Expenses to investors as a result of the investment in the Funds are approximately the same as they would be if the Partnership traded directly and redemption rights are not affected. Summarized information reflecting the total assets, liabilities and members’ capital of the Funds is shown in the following tables: June 30, 2023 Total Assets Total Liabilities Total Capital NL Master $ 43,517,964 $ 132,722 $ 43,385,242 Drakewood Master 56,416,107 3,125,483 53,290,624 December 31, 2022 Total Assets Total Liabilities Total Capital NL Master $ 47,648,689 $ 2,382,869 $ 45,265,820 Drakewood Master 45,395,672 1,898,283 43,497,389 Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables: For the three months ended June 30, 2023 Net Investment Total Trading Net Income (Loss) NL Master $ 432,129 $ 953,963 $ 1,386,092 Drakewood Master 373,072 (889,597) (516,525) For the six months ended June 30, 2023 Net Investment Income (Loss) Total Trading Net Income (Loss) NL Master $ 804,887 $ (3,492,307) $ (2,687,420) Drakewood Master 641,952 (1,743,275) (1,101,323) For the three months ended June 30, 2022 Net Investment Income (Loss) Total Trading Net Income (Loss) GSL Master $ (20,485) $ (71,232) $ (91,717) NL Master 17,036 7,158,232 7,175,268 Drakewood Master (a) (6,189) (2,129,915) (2,136,104) For the six months ended June 30, 2022 Net Investment Income (Loss) Total Trading Net Income (Loss) GSL Master $ (49,612) $ 3,221,886 $ 3,172,274 NL Master (22,788) 13,766,600 13,743,812 Drakewood Master (a) (6,189) (2,129,915) (2,136,104) (a) From May 1, 2022, commencement of operations for Drakewood Master, through June 30, 2022. Summarized information reflecting the Partnership’s investments in and the Partnership’s pro-rata June 30, 2023 For the three months ended June 30, 2023 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions NL Master 8.07 % $ 12,039,342 $ 393,990 $ 6,335 $ 4,470 $ 383,185 Commodity Portfolio Monthly Drakewood Master 13.94 % 20,798,938 (242,316 ) 21,636 6,394 (270,346 ) Commodity Portfolio Monthly $ 32,838,280 $ 151,674 $ 27,971 $ 10,864 $ 112,839 June 30, 2023 For the six months ended June 30, 2023 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions NL Master 8.07 % $ 12,039,342 $ (723,321 ) $ 10,876 $ 8,921 $ (743,118 ) Commodity Portfolio Monthly Drakewood Master 13.94 % 20,798,938 (390,589 ) 44,484 11,565 (446,638 ) Commodity Portfolio Monthly $ 32,838,280 $ (1,113,910 ) $ 55,360 $ 20,486 $ (1,189,756 ) December 31, 2022 For the three months ended June 30, 2022 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions GSL Master (a) - % $ - $ (42,714 ) $ 12,450 $ 36,554 $ (91,718 ) Commodity Portfolio Monthly NL Master 8.36 % 12,964,184 1,989,873 4,338 4,240 1,981,295 Commodity Portfolio Monthly Drakewood Master (b) 8.93 % 13,846,564 (578,835 ) 8,358 4,711 (591,904 ) Commodity Portfolio Monthly $ 26,810,748 $ 1,368,324 $ 25,146 $ 45,505 $ 1,297,673 December 31, 2022 For the six months ended June 30, 2022 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions GSL Master (a) - % $ - $ 3,254,806 $ 29,730 $ 52,803 $ 3,172,273 Commodity Portfolio Monthly NL Master 8.36 % 12,964,184 3,758,877 12,441 8,271 3,738,165 Commodity Portfolio Monthly Drakewood Master (b) 8.93 % 13,846,564 (578,835 ) 8,358 4,711 (591,904 ) Commodity Portfolio Monthly $ 26,810,748 $ 6,434,848 $ 50,529 $ 65,785 $ 6,318,534 (a) From January 1, 2022 through June 30, 2022, the date the Partnership fully redeemed its investment in GSL Master. (b) The Partnership first invested into Drakewood Master on May 1, 2022.

Financial Instrument Risks

Financial Instrument Risks	6 Months Ended
	Jun. 30, 2023
Investments, All Other Investments [Abstract]
Financial Instrument Risks	7. Financial Instrument Risks: In the normal course of business, the Partnership and the Funds are parties to financial instruments with off-balance-sheet over-the-counter Futures Contracts. London Metal Exchange Forward Contracts. Options. marked-to-market marked-to-market As both a buyer and seller of options, the Partnership/Funds pay or receive a premium at the outset and then bear the risk of unfavorable changes in the price of the contract underlying the option. Written options expose the Partnership/Funds to potentially unlimited liability; for purchased options, the risk of loss is limited to the premiums paid. Certain written put options permit cash settlement and do not require the option holder to own the reference asset. The Partnership/Funds do not consider these contracts to be guarantees. Futures-Style Options Market risk is the potential for changes in the value of the financial instruments traded by the Partnership/Funds due to market changes, including interest and foreign exchange rate movements and fluctuations in commodity or security prices. Market risk is directly impacted by the volatility and liquidity in the markets in which the related underlying assets are traded. The Partnership and the Funds are exposed to market risk equal to the value of the futures and forward contracts held and unlimited liability on such contracts sold short. Credit risk is the possibility that a loss may occur due to the failure of a counterparty to perform according to the terms of a contract. The Partnership’s/Funds’ risk of loss in the event of a counterparty default is typically limited to the amounts recognized in the Statements of Financial Condition and is not represented by the contract or notional amounts of the instruments. The Partnership’s/Funds’ risk of loss is reduced through the use of legally enforceable master netting agreements with counterparties that permit the Partnership/Funds to offset unrealized gains and losses and other assets and liabilities with such counterparties upon the occurrence of certain events. The Partnership/Funds have credit risk and concentration risk, as MS&Co. or an MS&Co. affiliate are counterparties or brokers with respect to the Partnership’s/Funds’ assets. Credit risk with respect to exchange-traded The General Partner/Trading Manager monitors and attempts to mitigate the Partnership’s/Funds’ risk exposure on a daily basis through financial, credit and risk management monitoring systems and, accordingly, believes that it has effective procedures for evaluating and limiting the credit and market risks to which the Partnership/Funds may be subject. These monitoring systems generally allow the General Partner/Trading Manager to statistically analyze actual trading results with risk-adjusted The majority of these financial instruments mature within one year of the inception date. However, due to the nature of the Partnership’s/Funds’ business, these instruments may not be held to maturity. The risk to the limited partners that have purchased Redeemable Units is limited to the amount of their share of the Partnership’s net assets and undistributed profits. This limited liability is a result of the organization of the Partnership as a limited partnership under New York law. In the ordinary course of business, the Partnership/Funds enter into contracts and agreements that contain various representations and warranties and which provide general indemnifications. The Partnership’s/Funds’ maximum exposure under these arrangements cannot be determined, as this could include future claims that have not yet been made against the Partnership/Funds. The General Partner/Trading Manager considers the risk of any future obligation relating to these indemnifications to be remote. Beginning in February 2022, the United States, the United Kingdom, the European Union, and a number of other nations imposed sanctions against Russia in response to Russia’s invasion of Ukraine, and these and other governments around the world may impose additional sanctions in the future as the conflict develops. The conflict and subsequent sanctions have created volatility in the price of various commodities and may have a negative impact on business activity globally, and therefore could affect the performance of the Partnership’s investments. Furthermore, uncertainties regarding the conflict between the two nations and the varying involvement of the United States and other NATO countries preclude prediction as to the ultimate impact on global economic and market conditions, and, as a result, presents material uncertainty and risk with respect to the Partnership and the performance of its investments or operations, and the ability of the Partnership to achieve its investment objectives. Additionally, to the extent that investors, service providers and/or other third parties have material operations or assets in Russia, Belarus, or Ukraine, they may have their operations disrupted and/or suffer adverse consequences related to the ongoing conflict.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	8. Subsequent Events: The General Partner evaluates events that occur after the balance sheet date but before and up until financial statements are available to be issued. The General Partner has assessed the subsequent events through the date the financial statements were issued and has determined that there were no subsequent events requiring adjustment to or disclosure in the financial statements.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates.
Profit Allocation	Profit Allocation.
Statement of Cash Flows	Statement of Cash Flows. “Statement of Cash Flows.”
Partnership's Investment in the Funds	Partnership’s Investment in the Funds.
Partnership's/Funds' Derivative Investments	Partnership’s/Funds’ Derivative Investments. first-in, first-out The Partnership/Funds do not isolate the portion of the results of operations arising from the effect of changes in foreign exchange rates on investments due to fluctuations from changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s/Funds’ Statements of Income and Expenses.
Partnership's Cash	Partnership’s Cash
Income Taxes	Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not The 2019 through 2022
Investment Company Status	Investment Company Status 2013-08 “Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements”
Net Income (Loss) per Redeemable Unit.	Net Income (Loss) per Redeemable Unit. “Financial Services – Investment Companies.” There have been no material changes with respect to the Partnership’s critical accounting policies as reported in the Partnership’s Annual Report on Form 10-K

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2023
Investment Company [Abstract]
Financial Highlights	Financial highlights for the limited partner Classes as a whole for the three and six months ended June 30, 2023 and 2022 were as follows. Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Per Redeemable Unit Performance (for a unit outstanding throughout the period): * Net realized and unrealized gains (losses) $ 25.87 $ 20.51 $ 21.27 $ 190.16 $ 150.90 $ 151.68 $ (32.53 ) $ (25.81 ) $ (26.67 ) $ 458.18 $ 363.46 $ 368.48 Net investment income (loss) (5.33 ) (4.23 ) (0.23 ) (62.66 ) (49.80 ) (43.58 ) (4.99 ) (3.95 ) 4.20 (136.59 ) (108.45 ) (98.52 ) Increase (decrease) for the period 20.54 16.28 21.04 127.50 101.10 108.10 (37.52 ) (29.76 ) (22.47 ) 321.59 255.01 269.96 Net asset value per Redeemable Unit, beginning of period 2,663.71 2,112.28 2,189.21 2,484.30 1,970.01 2,026.21 2,721.77 2,158.32 2,232.72 2,290.21 1,816.10 1,864.35 Net asset value per Redeemable Unit, end of period $ 2,684.25 $ 2,128.56 $ 2,210.25 $ 2,611.80 $ 2,071.11 $ 2,134.31 $ 2,684.25 $ 2,128.56 $ 2,210.25 $ 2,611.80 $ 2,071.11 $ 2,134.31 Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Class A Class D Class Z Ratios to Average Limited Partners’ Capital: ** Net investment income (loss) *** 0.3 % 0.3 % 1.3 % (5.0) % (5.0) % (4.3) % 0.1 % 0.1 % 0.9 % (7.4) % (7.4) % (6.2) % Operating expenses 3.7 % 4.0 % 3.4 % 3.9 % 3.9 % 3.5 % 3.6 % 3.8 % 3.1 % 3.9 % 3.9 % 3.2 % Incentive fees 0.4 % 0.4 % 0.4 % 1.6 % 1.6 % 1.4 % 0.4 % 0.5 % 0.5 % 3.8 % 3.8 % 3.3 % Total expenses 4.1 % 4.4 % 3.8 % 5.5 % 5.5 % 4.9 % 4.0 % 4.3 % 3.6 % 7.7 % 7.7 % 6.5 % Total return: Total return before incentive fees 1.1 % 1.1 % 1.3 % 6.8 % 6.8 % 6.6 % (0.9) % (0.9) % (0.6) % 18.1 % 18.1 % 17.9 % Incentive fees (0.3) % (0.3) % (0.3) % (1.7) % (1.7) % (1.3) % (0.5) % (0.5) % (0.4) % (4.1) % (4.1) % (3.4) % Total return after incentive fees 0.8 % 0.8 % 1.0 % 5.1 % 5.1 % 5.3 % (1.4) % (1.4) % (1.0) % 14.0 % 14.0 % 14.5 % * Net investment income (loss) per Redeemable Unit is calculated by dividing the interest income less total expenses by the average number of Redeemable Units outstanding during the period. The net realized and unrealized gains (losses) per Redeemable Unit is a balancing amount necessary to reconcile the change in net asset value per Redeemable Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses.

Trading Activities (Tables)

Trading Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Brokers and Dealers [Abstract]
Summary of Valuation of Investments	The following tables summarize the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting arrangements or similar agreements as of June 30, 2023 and December 31, 2022, respectively. Gross Gross Amounts Amounts Gross Amounts Not Offset in the June 30, 2023 Financial Cash Collateral Net Amount Assets Futures $ 3,555,144 $ (2,817,752 ) $ 737,392 $ - $ - $ 737,392 Forwards 1,078,953 (936,580 ) 142,373 - - 142,373 Total assets $ 4,634,097 $ (3,754,332) $ 879,765 $ - $ - $ 879,765 Liabilities Futures $ (2,817,752 ) $ 2,817,752 $ - $ - $ - $ - Forwards (936,580 ) 936,580 - - - - Total liabilities $ (3,754,332 ) $ 3,754,332 $ - $ - $ - $ - Net fair value $ 879,765 * Gross Gross Amounts Statements of Amounts Statements of Gross Amounts Not Offset in the December 31, 2022 Financial Cash Collateral Net Amount Assets Futures $ 3,458,980 $ (1,810,939) $ 1,648,041 $ - $ - $ 1,648,041 Forwards 2,687,181 (2,300,415) 386,766 - - 386,766 Total assets $ 6,146,161 $ (4,111,354) $ 2,034,807 $ - $ - $ 2,034,807 Liabilities Futures $ (1,810,939) $ 1,810,939 $ - $ - $ - $ - Forwards (2,300,415) 2,300,415 - - - - Total liabilities $ (4,111,354) $ 4,111,354 $ - $ - $ - $ - Net fair value $ 2,034,807 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded
Gross Fair Values of Derivative Instruments of Futures and Option Contracts, as Separate Assets and Liabilities	The following tables indicate the gross fair values of derivative instruments of futures, forward and option contracts held directly by the Partnership as separate assets and liabilities as of June 30, 2023 and December 31, 2022, respectively. June 30, Assets Futures Contracts Currencies $ 35,311 Energy 886,697 Grains 1,494,362 Livestock 475,555 Metals 140,440 Softs 522,779 Total unrealized appreciation on open futures contracts 3,555,144 Liabilities Futures Contracts Currencies (13,623) Energy (906,760) Grains (1,310,254) Livestock (39,330) Metals (87,751) Softs (460,034) Total unrealized depreciation on open futures contracts (2,817,752) Net unrealized appreciation on open futures contracts $ 737,392 * Assets Forward Contracts Metals $ 1,078,953 Total unrealized appreciation on open forward contracts 1,078,953 Liabilities Forward Contracts Metals (936,580) Total unrealized depreciation on open forward contracts (936,580) Net unrealized appreciation on open forward contracts $ 142,373 ** Assets Options Purchased Energy $ 9,360 Grains 1,530,656 Livestock 43,500 Metals 330,471 Total options purchased $ 1,913,987 *** Liabilities Options Written Energy $ (89,360) Grains (314,868) Metals (347,731) Softs (40,133) Total options written $ (792,092) **** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. *** This amount is in “Options purchased, at fair value” in the Statements of Financial Condition. **** This amount is in “Options written, at fair value” in the Statements of Financial Condition. December 31, Assets Futures Contracts Energy $ 2,380,931 Grains 532,999 Livestock 62,710 Metals 6,542 Softs 475,798 Total unrealized appreciation on open futures contracts 3,458,980 Liabilities Futures Contracts Currencies (163,750) Energy (1,256,014) Grains (207,317) Livestock (24,430) Metals (34,284) Softs (125,144) Total unrealized depreciation on open futures contracts (1,810,939) Net unrealized appreciation on open futures contracts $ 1,648,041 * Assets Forward Contracts Metals $ 2,687,181 Total unrealized appreciation on open forward contracts 2,687,181 Liabilities Forward Contracts Metals (2,300,415) Total unrealized depreciation on open forward contracts (2,300,415) Net unrealized appreciation on open forward contracts $ 386,766 ** Assets Options Purchased Livestock $ 9,570 Metals 607,386 Total options purchased $ 616,956 *** Liabilities Options Written Energy $ (6,750) Grains (31,713) Metals (695,442) Total options written $ (733,905) **** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. *** This amount is in “Options purchased, at fair value” in the Statements of Financial Condition. **** This amount is in “Options written, at fair value” in the Statements of Financial Condition.
Trading Gains and Losses, by Market Sector, on Derivative Instruments	The following table indicates the trading gains and losses, by market sector, on derivative instruments traded directly by the Partnership for the three and six months ended June 30, 2023 and 2022. Three Months Ended June 30, Six Months Ended June 30, Sector 2023 2022 2023 2022 Currencies $ (138,655) $ (241,649) $ (220,580) $ (269,161) Energy (1,510,665) 8,271,301 (3,212,293) 18,182,213 Grains 298,980 1,212,094 (687,992) 1,336,981 Indices - 194,862 - 421,650 Livestock 1,338,841 149,908 1,660,221 29,686 Metals 159,058 (123,938) 293,343 (1,216,553) Softs 1,483,642 (43,562) 1,940,507 932,898 Total $ 1,631,201 ***** $ 9,419,016 ***** $ (226,794) ***** $ 19,417,714 ***** ***** This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Derivative Instrument Fair Value Based on Hierarchy	June 30, 2023 Total Level 1 Level 2 Level 3 Assets Futures $ 3,555,144 $ 3,555,144 $ - $ - Forwards 1,078,953 - 1,078,953 - Options purchased 1,913,987 1,913,987 - - Total assets $ 6,548,084 $ 5,469,131 $ 1,078,953 $ - Liabilities Futures $ 2,817,752 $ 2,817,752 $ - $ - Forwards 936,580 - 936,580 - Options written 792,092 792,092 - - Total liabilities $ 4,546,424 $ 3,609,844 $ 936,580 $ - December 31, 2022 Total Level 1 Level 2 Level 3 Assets Futures $ 3,458,980 $ 3,458,980 $ - $ - Forwards 2,687,181 - 2,687,181 - Options purchased 616,956 616,956 - - Total assets $ 6,763,117 $ 4,075,936 $ 2,687,181 $ - Liabilities Futures $ 1,810,939 $ 1,810,939 $ - $ - Forwards 2,300,415 - 2,300,415 - Options written 733,905 733,905 - - Total liabilities $ 4,845,259 $ 2,544,844 $ 2,300,415 $ -

Investment in the Funds (Tables

Investment in the Funds (Tables)	6 Months Ended
	Jun. 30, 2023
Schedule of Investments [Abstract]
Assets, Liabilities and Partners' Capital of Funds	Summarized information reflecting the total assets, liabilities and members’ capital of the Funds is shown in the following tables: June 30, 2023 Total Assets Total Liabilities Total Capital NL Master $ 43,517,964 $ 132,722 $ 43,385,242 Drakewood Master 56,416,107 3,125,483 53,290,624 December 31, 2022 Total Assets Total Liabilities Total Capital NL Master $ 47,648,689 $ 2,382,869 $ 45,265,820 Drakewood Master 45,395,672 1,898,283 43,497,389
Net Investment Income (Loss), Trading Results and Net Income (Loss) of Funds	Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables: For the three months ended June 30, 2023 Net Investment Total Trading Net Income (Loss) NL Master $ 432,129 $ 953,963 $ 1,386,092 Drakewood Master 373,072 (889,597) (516,525) For the six months ended June 30, 2023 Net Investment Income (Loss) Total Trading Net Income (Loss) NL Master $ 804,887 $ (3,492,307) $ (2,687,420) Drakewood Master 641,952 (1,743,275) (1,101,323) For the three months ended June 30, 2022 Net Investment Income (Loss) Total Trading Net Income (Loss) GSL Master $ (20,485) $ (71,232) $ (91,717) NL Master 17,036 7,158,232 7,175,268 Drakewood Master (a) (6,189) (2,129,915) (2,136,104) For the six months ended June 30, 2022 Net Investment Income (Loss) Total Trading Net Income (Loss) GSL Master $ (49,612) $ 3,221,886 $ 3,172,274 NL Master (22,788) 13,766,600 13,743,812 Drakewood Master (a) (6,189) (2,129,915) (2,136,104) (a) From May 1, 2022, commencement of operations for Drakewood Master, through June 30, 2022.
Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of Funds	Summarized information reflecting the Partnership’s investments in and the Partnership’s pro-rata June 30, 2023 For the three months ended June 30, 2023 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions NL Master 8.07 % $ 12,039,342 $ 393,990 $ 6,335 $ 4,470 $ 383,185 Commodity Portfolio Monthly Drakewood Master 13.94 % 20,798,938 (242,316 ) 21,636 6,394 (270,346 ) Commodity Portfolio Monthly $ 32,838,280 $ 151,674 $ 27,971 $ 10,864 $ 112,839 June 30, 2023 For the six months ended June 30, 2023 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions NL Master 8.07 % $ 12,039,342 $ (723,321 ) $ 10,876 $ 8,921 $ (743,118 ) Commodity Portfolio Monthly Drakewood Master 13.94 % 20,798,938 (390,589 ) 44,484 11,565 (446,638 ) Commodity Portfolio Monthly $ 32,838,280 $ (1,113,910 ) $ 55,360 $ 20,486 $ (1,189,756 ) December 31, 2022 For the three months ended June 30, 2022 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions GSL Master (a) - % $ - $ (42,714 ) $ 12,450 $ 36,554 $ (91,718 ) Commodity Portfolio Monthly NL Master 8.36 % 12,964,184 1,989,873 4,338 4,240 1,981,295 Commodity Portfolio Monthly Drakewood Master (b) 8.93 % 13,846,564 (578,835 ) 8,358 4,711 (591,904 ) Commodity Portfolio Monthly $ 26,810,748 $ 1,368,324 $ 25,146 $ 45,505 $ 1,297,673 December 31, 2022 For the six months ended June 30, 2022 % of Partners’ Expenses Net Income Funds Fair Income Clearing Professional Investment Redemptions GSL Master (a) - % $ - $ 3,254,806 $ 29,730 $ 52,803 $ 3,172,273 Commodity Portfolio Monthly NL Master 8.36 % 12,964,184 3,758,877 12,441 8,271 3,738,165 Commodity Portfolio Monthly Drakewood Master (b) 8.93 % 13,846,564 (578,835 ) 8,358 4,711 (591,904 ) Commodity Portfolio Monthly $ 26,810,748 $ 6,434,848 $ 50,529 $ 65,785 $ 6,318,534 (a) From January 1, 2022 through June 30, 2022, the date the Partnership fully redeemed its investment in GSL Master. (b) The Partnership first invested into Drakewood Master on May 1, 2022.

Organization - Additional Infor

Organization - Additional Information (Detail) - shares		6 Months Ended	12 Months Ended
	Sep. 06, 2005	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of units sold during initial offering period	11,925
Morgan Stanley Wealth Management [Member] | Class A [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ongoing selling agent fee				0.75%
Morgan Stanley Wealth Management [Member] | Class D [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ongoing selling agent fee		0.75%	0.75%

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash denominated in foreign currencies	$ 485,940	$ 1,864,283
Cash denominated in foreign currencies, proceeds	478,090	1,812,172
Uncertain tax position	$ 0
Open tax year	2019 2020 2021 2022
Restricted cash held for margin	$ 5,551,248	$ 8,517,141

Financial Highlights - Financia

Financial Highlights - Financial Highlights for Limited Partner Class (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Class A [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net asset value per Redeemable Unit, beginning of period			$ 2,721.77
Net asset value per Redeemable Unit, end of period	$ 2,684.25		2,684.25
Class D [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net asset value per Redeemable Unit, beginning of period			2,158.32
Net asset value per Redeemable Unit, end of period	2,128.56		2,128.56
Class Z [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net asset value per Redeemable Unit, beginning of period			2,232.72
Net asset value per Redeemable Unit, end of period	2,210.25		2,210.25
Limited Partners [Member] | Class A [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	25.87	$ 190.16	(32.53)	$ 458.18
Net investment income (loss)	(5.33)	(62.66)	(4.99)	(136.59)
Increase (decrease) for the period	20.54	127.5	(37.52)	321.59
Net asset value per Redeemable Unit, beginning of period	2,663.71	2,484.3	2,721.77	2,290.21
Net asset value per Redeemable Unit, end of period	$ 2,684.25	$ 2,611.8	$ 2,684.25	$ 2,611.8
Ratios to Average Limited Partners' Capital:
Net investment income (loss)	0.30%	(5.00%)	0.10%	(7.40%)
Operating expenses	3.70%	3.90%	3.60%	3.90%
Incentive fees	0.40%	1.60%	0.40%	3.80%
Total expenses	4.10%	5.50%	4%	7.70%
Total return:
Incentive fees	(0.40%)	(1.60%)	(0.40%)	(3.80%)
Limited Partners [Member] | Class D [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	$ 20.51	$ 150.9	$ (25.81)	$ 363.46
Net investment income (loss)	(4.23)	(49.8)	(3.95)	(108.45)
Increase (decrease) for the period	16.28	101.1	(29.76)	255.01
Net asset value per Redeemable Unit, beginning of period	2,112.28	1,970.01	2,158.32	1,816.1
Net asset value per Redeemable Unit, end of period	$ 2,128.56	$ 2,071.11	$ 2,128.56	$ 2,071.11
Ratios to Average Limited Partners' Capital:
Net investment income (loss)	0.30%	(5.00%)	0.10%	(7.40%)
Operating expenses	4%	3.90%	3.80%	3.90%
Incentive fees	0.40%	1.60%	0.50%	3.80%
Total expenses	4.40%	5.50%	4.30%	7.70%
Total return:
Incentive fees	(0.40%)	(1.60%)	(0.50%)	(3.80%)
Limited Partners [Member] | Class Z [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	$ 21.27	$ 151.68	$ (26.67)	$ 368.48
Net investment income (loss)	(0.23)	(43.58)	4.2	(98.52)
Increase (decrease) for the period	21.04	108.1	(22.47)	269.96
Net asset value per Redeemable Unit, beginning of period	2,189.21	2,026.21	2,232.72	1,864.35
Net asset value per Redeemable Unit, end of period	$ 2,210.25	$ 2,134.31	$ 2,210.25	$ 2,134.31
Ratios to Average Limited Partners' Capital:
Net investment income (loss)	1.30%	(4.30%)	0.90%	(6.20%)
Operating expenses	3.40%	3.50%	3.10%	3.20%
Incentive fees	0.40%	1.40%	0.50%	3.30%
Total expenses	3.80%	4.90%	3.60%	6.50%
Total return:
Incentive fees	(0.40%)	(1.40%)	(0.50%)	(3.30%)
Total Return [Member] | Class A [Member]
Ratios to Average Limited Partners' Capital:
Incentive fees	0.30%	1.70%	0.50%	4.10%
Total return:
Total return before incentive fees	1.10%	6.80%	(0.90%)	18.10%
Incentive fees	(0.30%)	(1.70%)	(0.50%)	(4.10%)
Total return after incentive fees	0.80%	5.10%	(1.40%)	14%
Total Return [Member] | Class D [Member]
Ratios to Average Limited Partners' Capital:
Incentive fees	0.30%	1.70%	0.50%	4.10%
Total return:
Total return before incentive fees	1.10%	6.80%	(0.90%)	18.10%
Incentive fees	(0.30%)	(1.70%)	(0.50%)	(4.10%)
Total return after incentive fees	0.80%	5.10%	(1.40%)	14%
Total Return [Member] | Class Z [Member]
Ratios to Average Limited Partners' Capital:
Incentive fees	0.30%	1.30%	0.40%	3.40%
Total return:
Total return before incentive fees	1.30%	6.60%	(0.60%)	17.90%
Incentive fees	(0.30%)	(1.30%)	(0.40%)	(3.40%)
Total return after incentive fees	1%	5.30%	(1.00%)	14.50%

Trading Activities - Additional

Trading Activities - Additional Information (Detail) - Contract	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Futures [Member]
Derivative [Line Items]
Monthly average number of derivative contracts traded	4,987	33,662	5,020	34,689
Option [Member]
Derivative [Line Items]
Monthly average number of derivative contracts traded	1,651	6,095	1,406	6,565
Forwards [Member] | Metals [Member]
Derivative [Line Items]
Monthly average number of derivative contracts traded	905	775	981	919

Trading Activities - Summary of

Trading Activities - Summary of Valuation of Investments (Detail) - USD ($)		Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Gross Amounts Recognized, Assets		$ 4,634,097	$ 6,146,161
Gross Amounts Offset in the Statements of Financial Condition, Assets		(3,754,332)	(4,111,354)
Net Amounts Presented in the Statements of Financial Condition, Assets		879,765	2,034,807
Financial Instruments, Assets		0	0
Collateral Received/Pledged, Assets	[1]	0	0
Net Amount, Assets		879,765	2,034,807
Gross Amounts Recognized, Liabilities		(3,754,332)	(4,111,354)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities		3,754,332	4,111,354
Net Amounts Presented in the Statements of Financial Condition, Liabilities	[2]	(792,092)	(733,905)
Financial Instruments, Liabilities		0	0
Collateral Received/Pledged, Liabilities	[1]	0	0
Net Amount, Liabilities		0	0
Net fair value	[1]	879,765	2,034,807
Futures [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets		3,555,144	3,458,980
Gross Amounts Offset in the Statements of Financial Condition, Assets		(2,817,752)	(1,810,939)
Net Amounts Presented in the Statements of Financial Condition, Assets		737,392	1,648,041
Financial Instruments, Assets		0	0
Collateral Received/Pledged, Assets	[1]	0	0
Net Amount, Assets		737,392	1,648,041
Gross Amounts Recognized, Liabilities		(2,817,752)	(1,810,939)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities		2,817,752	1,810,939
Net Amounts Presented in the Statements of Financial Condition, Liabilities		0	0
Financial Instruments, Liabilities		0	0
Collateral Received/Pledged, Liabilities	[1]	0	0
Net Amount, Liabilities		0	0
Forwards [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets		1,078,953	2,687,181
Gross Amounts Offset in the Statements of Financial Condition, Assets		(936,580)	(2,300,415)
Net Amounts Presented in the Statements of Financial Condition, Assets		142,373	386,766
Financial Instruments, Assets		0	0
Collateral Received/Pledged, Assets	[1]	0	0
Net Amount, Assets		142,373	386,766
Gross Amounts Recognized, Liabilities		(936,580)	(2,300,415)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities		936,580	2,300,415
Net Amounts Presented in the Statements of Financial Condition, Liabilities		0	0
Financial Instruments, Liabilities		0	0
Collateral Received/Pledged, Liabilities	[1]	0	0
Net Amount, Liabilities		$ 0	$ 0
[1]In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded contracts, as applicable, has the right to offset the Partnership’s obligation with the Partnership’s cash and/or U.S. Treasury bills held by MS&Co., thereby minimizing MS&Co.’s risk of loss. In certain instances, MS&Co. may not post collateral and as such, in the event of default by MS&Co., the Partnership is exposed to the amount shown in the Statements of Financial Condition. In the case of exchange-traded contracts, the Partnership’s exposure to counterparty risk may be reduced since the exchange’s clearinghouse interposes its credit between buyer and seller and the clearinghouse’s guarantee funds may be available in the event of a default. In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization.[2]This amount is in “Options written, at fair value” in the Statements of Financial Condition.

Trading Activities - Gross Fair

Trading Activities - Gross Fair Values of Derivative Instruments of Futures and Option Contracts, as Separate Assets and Liabilities (Detail) - USD ($)		Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Total options purchased	[1]	$ 1,913,987	$ 616,956
Total options written	[2]	(792,092)	(733,905)
Forwards [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		1,078,953	2,687,181
Total unrealized depreciation on open contracts		(936,580)	(2,300,415)
Net unrealized appreciation on open forward contracts	[3]	142,373	386,766
Total options written		0	0
Energy [Member]
Derivative [Line Items]
Total options purchased		9,360
Total options written		(89,360)	(6,750)
Grains [Member]
Derivative [Line Items]
Total options purchased		1,530,656
Total options written		(314,868)	(31,713)
Livestock [Member]
Derivative [Line Items]
Total options purchased		43,500	9,570
Metals [Member]
Derivative [Line Items]
Total options purchased		330,471	607,386
Total options written		(347,731)	(695,442)
Metals [Member] | Forwards [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		1,078,953	2,687,181
Total unrealized depreciation on open contracts		(936,580)	(2,300,415)
Softs [Member]
Derivative [Line Items]
Total options written		(40,133)
Futures [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		3,555,144	3,458,980
Total unrealized depreciation on open contracts		(2,817,752)	(1,810,939)
Net unrealized appreciation on open forward contracts	[4]	737,392	1,648,041
Futures [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		35,311
Total unrealized depreciation on open contracts		(13,623)	(163,750)
Futures [Member] | Energy [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		886,697	2,380,931
Total unrealized depreciation on open contracts		(906,760)	(1,256,014)
Futures [Member] | Grains [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		1,494,362	532,999
Total unrealized depreciation on open contracts		(1,310,254)	(207,317)
Futures [Member] | Livestock [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		475,555	62,710
Total unrealized depreciation on open contracts		(39,330)	(24,430)
Futures [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		140,440	6,542
Total unrealized depreciation on open contracts		(87,751)	(34,284)
Futures [Member] | Softs [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		522,779	475,798
Total unrealized depreciation on open contracts		$ (460,034)	$ (125,144)
[1]This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.[2]This amount is in “Options written, at fair value” in the Statements of Financial Condition.[3]This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition.[4]This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition.

Trading Activities - Trading Ga

Trading Activities - Trading Gains and Losses, by Market Sector, on Derivative Instruments (Detail) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative [Line Items]
Trading gains and losses	[1]	$ 1,631,201	$ 9,419,016	$ (226,794)	$ 19,417,714
Currencies [Member]
Derivative [Line Items]
Trading gains and losses		(138,655)	(241,649)	(220,580)	(269,161)
Energy [Member]
Derivative [Line Items]
Trading gains and losses		(1,510,665)	8,271,301	(3,212,293)	18,182,213
Grains [Member]
Derivative [Line Items]
Trading gains and losses		298,980	1,212,094	(687,992)	1,336,981
Indices [Member]
Derivative [Line Items]
Trading gains and losses		0	194,862	0	421,650
Livestock [Member]
Derivative [Line Items]
Trading gains and losses		1,338,841	149,908	1,660,221	29,686
Metals [Member]
Derivative [Line Items]
Trading gains and losses		159,058	(123,938)	293,343	(1,216,553)
Softs [Member]
Derivative [Line Items]
Trading gains and losses		$ 1,483,642	$ (43,562)	$ 1,940,507	$ 932,898
[1]This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements - Deriv

Fair Value Measurements - Derivative Instrument Fair Value Based on Hierarchy (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 6,548,084	$ 6,763,117
Derivative liabilities	4,546,424	4,845,259
Futures [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	3,555,144	3,458,980
Derivative liabilities	2,817,752	1,810,939
Forwards [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,078,953	2,687,181
Derivative liabilities	936,580	2,300,415
Option [Member] | Options Purchased [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,913,987	616,956
Option [Member] | Options written [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	792,092	733,905
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	5,469,131	4,075,936
Derivative liabilities	3,609,844	2,544,844
Level 1 [Member] | Futures [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	3,555,144	3,458,980
Derivative liabilities	2,817,752	1,810,939
Level 1 [Member] | Option [Member] | Options Purchased [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,913,987	616,956
Level 1 [Member] | Option [Member] | Options written [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	792,092	733,905
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,078,953	2,687,181
Derivative liabilities	936,580	2,300,415
Level 2 [Member] | Forwards [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,078,953	2,687,181
Derivative liabilities	$ 936,580	$ 2,300,415

Investment in the Funds - Addit

Investment in the Funds - Additional Information (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
CMF NL Master Fund LL [Member]
Investment [Line Items]
Percentage owned by partnership	27.60%	28.60%
Drakewood [Member]
Investment [Line Items]
Percentage owned by partnership	38.90%	31.80%

Investment in the Funds - Asset

Investment in the Funds - Assets, Liabilities and Partners' Capital of Funds (Detail) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Total Assets	$ 155,788,057		$ 159,663,135
Total Liabilities	6,589,332		4,627,134
Total Capital	149,198,725	$ 152,731,033	155,036,001	$ 146,580,587	$ 138,961,250	$ 127,910,424
Drakewood Master [Member]
Schedule of Investments [Line Items]
Total Assets	56,416,107		45,395,672
Total Liabilities	3,125,483		1,898,283
Total Capital	53,290,624		43,497,389
NL Master [Member]
Schedule of Investments [Line Items]
Total Assets	43,517,964		47,648,689
Total Liabilities	132,722		2,382,869
Total Capital	$ 43,385,242		$ 45,265,820

Investment in the Funds - Net I

Investment in the Funds - Net Investment Income (Loss), Trading Results and Net Income (Loss) of Funds (Detail) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Schedule of Investments [Line Items]
Net Investment Income (Loss)	$ (297,893)	$ (3,544,555)		$ (271,022)	$ (7,694,831)
Net income (loss)	1,184,370	7,189,339		(2,133,476)	18,098,291
Drakewood Master [Member]
Schedule of Investments [Line Items]
Net Investment Income (Loss)	373,072	(6,189)	[1]	641,952	(6,189)	[1]
Total Trading Results	(889,597)	(2,129,915)	[1]	(1,743,275)	(2,129,915)	[1]
Net income (loss)	(516,525)	(2,136,104)	[1]	(1,101,323)	(2,136,104)	[1]
GSL Master [Member]
Schedule of Investments [Line Items]
Net Investment Income (Loss)		(20,485)			(49,612)
Total Trading Results		(71,232)			3,221,886
Net income (loss)		(91,717)			3,172,274
NL Master [Member]
Schedule of Investments [Line Items]
Net Investment Income (Loss)	432,129	17,036		804,887	(22,788)
Total Trading Results	953,963	7,158,232		(3,492,307)	13,766,600
Net income (loss)	$ 1,386,092	$ 7,175,268		$ (2,687,420)	$ 13,743,812
[1]From May 1, 2022, commencement of operations for Drakewood Master, through June 30, 2022.

Investment in the Funds - Partn

Investment in the Funds - Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of Funds (Detail) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022		Dec. 31, 2022
Schedule of Investments [Line Items]
% of Partners' Capital		22.01%			22.01%			17.29%
Fair Value	[1]	$ 32,838,280			$ 32,838,280			$ 26,810,748
Net income (loss)		1,184,370	$ 7,189,339		(2,133,476)	$ 18,098,291
Drakewood Master [Member]
Schedule of Investments [Line Items]
Income (Loss)		(889,597)	(2,129,915)	[2]	(1,743,275)	(2,129,915)	[2]
Net income (loss)		$ (516,525)	(2,136,104)	[2]	$ (1,101,323)	(2,136,104)	[2]
GSL Master [Member]
Schedule of Investments [Line Items]
Income (Loss)			(71,232)			3,221,886
Net income (loss)			(91,717)			3,172,274
NL Master [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		8.07%			8.07%			8.36%
Fair Value		$ 12,039,342			$ 12,039,342			$ 12,964,184
Investment In Funds [Member] | Commodity [Member]
Schedule of Investments [Line Items]
Fair Value		32,838,280			32,838,280			$ 26,810,748
Income (Loss)		151,674	1,368,324		(1,113,910)	6,434,848
Expenses, Clearing Fees		27,971	25,146		55,360	50,529
Expenses, Professional Fees		10,864	45,505		20,486	65,785
Net income (loss)		$ 112,839	1,297,673		$ (1,189,756)	$ 6,318,534
Redemptions Permitted						Monthly
Investment In Funds [Member] | Commodity [Member] | Drakewood Master [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		13.94%			13.94%			8.93%	[3]
Fair Value		$ 20,798,938			$ 20,798,938			$ 13,846,564	[3]
Income (Loss)		(242,316)	(578,835)	[3]	(390,589)	$ (578,835)	[3]
Expenses, Clearing Fees		21,636	8,358	[3]	44,484	8,358	[3]
Expenses, Professional Fees		6,394	4,711	[3]	11,565	4,711	[3]
Net income (loss)		$ (270,346)	$ (591,904)	[3]	$ (446,638)	$ (591,904)	[3]
Investment Objective		Commodity Portfolio	Commodity Portfolio	[3]	Commodity Portfolio	Commodity Portfolio	[3]
Redemptions Permitted		Monthly	Monthly	[3]	Monthly	Monthly	[3]
Investment In Funds [Member] | GSL Master [Member] | Commodity [Member]
Schedule of Investments [Line Items]
Income (Loss)	[4]		$ (42,714)			$ 3,254,806
Expenses, Clearing Fees	[4]		12,450			29,730
Expenses, Professional Fees	[4]		36,554			52,803
Net income (loss)	[4]		$ (91,718)			$ 3,172,273
Investment Objective	[4]		Commodity Portfolio			Commodity Portfolio
Redemptions Permitted	[4]		Monthly			Monthly
Investment In Funds [Member] | NL Master [Member] | Commodity [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		8.07%			8.07%			8.36%
Fair Value		$ 12,039,342			$ 12,039,342			$ 12,964,184
Income (Loss)		393,990	$ 1,989,873		(723,321)	$ 3,758,877
Expenses, Clearing Fees		6,335	4,338		10,876	12,441
Expenses, Professional Fees		4,470	4,240		8,921	8,271
Net income (loss)		$ 383,185	$ 1,981,295		$ (743,118)	$ 3,738,165
Investment Objective		Commodity Portfolio	Commodity Portfolio		Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly		Monthly
[1]Defined in Note 1.[2]From May 1, 2022, commencement of operations for Drakewood Master, through June 30, 2022.[3]The Partnership first invested into Drakewood Master on May 1, 2022.[4]From January 1, 2022 through June 30, 2022, the date the Partnership fully redeemed its investment in GSL Master.

Financial Instrument Risks - Ad

Financial Instrument Risks - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
Financial instruments maturity period	1 year