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Condensed Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Gain (loss) on trading of commodity futures contracts:    
Realized gain (loss) on closed futures contracts $ 183,289,170 $ (155,270,440)
Change in unrealized gain (loss) on open futures contracts (15,464,070) (96,491,490)
Dividend income 283,406 858,889
Interest income [1] 6,294,976 2,940,939
ETF transaction fees 115,000 69,350
Total income (loss) 174,518,482 (247,892,752)
Expenses    
General Partner management fees (Note 3) 2,187,506 3,226,589
Professional fees 508,685 590,480
Brokerage commissions 694,480 1,161,407
Directors' fees and insurance 75,556 90,610
License fees 72,917 107,553
Registration fees 81,464 85,913
Total expenses 3,620,608 5,262,552
Net income (loss) $ 170,897,874 $ (253,155,304)
Net income (loss) per limited partnership share $ 1.02 $ (1.09)
Net income (loss) per weighted average limited partnership share $ 1.09 $ (0.97)
Weighted average limited partnership shares outstanding 156,170,000 261,642,222
[1] Interest income does not exceed paid in kind of 5%.