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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ 120,333,820 $ 135,353,709 $ 451,011,820 $ (257,378,501)
Change in unrealized gain (loss) on open futures contracts (77,520,980) 128,797,560 8,329,350 11,252,100
Dividend income 723,714 988,616 1,494,267 2,883,444
Interest income [1] 7,988,050 5,365,328 21,631,092 12,400,479
ETF transaction fees 77,000 110,000 273,000 268,000
Total income (loss) 51,601,604 270,615,213 482,739,529 (230,574,478)
Expenses        
General Partner management fees (Note 3) 1,984,921 2,943,845 6,293,684 9,401,948
Professional fees 409,589 336,088 1,379,811 1,521,840
Brokerage commissions 570,108 1,248,593 1,916,737 3,775,114
Directors' fees and insurance 80,559 90,856 236,202 271,193
License fees 66,164 98,128 209,789 313,398
Registration fees 5,963 87,822 93,326 260,603
Total expenses 3,117,304 4,805,332 10,129,549 15,544,096
Net income (loss) $ 48,484,300 $ 265,809,881 $ 472,609,980 $ (246,118,574)
Net income (loss) per limited partnership share $ 0.45 $ 0.97 $ 3.39 $ (1.27)
Net income (loss) per weighted average limited partnership share $ 0.40 $ 1.00 $ 3.41 $ (0.91)
Weighted average limited partnership shares outstanding 121,141,304 264,872,826 138,401,832 271,439,560
[1] Interest income does not exceed paid in kind of 5%.