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Condensed Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Gain (loss) on trading of commodity futures contracts:    
Realized gain (loss) on closed futures contracts $ (688,521,703) $ 137,007,682
Change in unrealized gain (loss) on open futures contracts (931,028,767) 277,413,658
Dividend income 857,667 1,706,643
Interest income [1] 4,543,179 7,867,450
ETF transaction fees 115,000 74,000
Total income (loss) (1,614,034,624) 424,069,433
Expenses    
General Partner management fees (Note 3) 1,659,435 1,803,427
Professional fees 290,136 400,683
Brokerage commissions 973,154 697,934
Directors' fees and insurance 93,112 81,721
License fees 55,315 60,114
Registration fees 267,714 127,886
Total expenses 3,338,866 3,171,765
Net income (loss) $ (1,617,373,490) $ 420,897,668
Net income (loss) per limited partnership share [2] $ (68.33) $ 23.32
Net income (loss) per weighted average limited partnership share [2] $ (72.71) $ 23.67
Weighted average limited partnership shares outstanding [2] 22,243,544 17,781,250
[1] Interest income does not exceed paid in kind of 5%.
[2] On April 28, 2020 there was a 1-for-8 reverse share split. The Statement of Operations have been adjusted for the periods shown to reflect the 1-for-8 reverse share split on a retroactive basis.