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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ (2,958,778,455) $ (67,581,780) $ (3,647,300,158) $ 69,425,902
Change in unrealized gain (loss) on open commodity futures contracts 2,038,831,909 35,897,190 1,107,803,142 313,310,848
Dividend income 689,654 961,575 1,547,321 2,668,218
Interest income 2,462,398 7,979,767 7,005,577 15,847,217
ETF transaction fees 69,546 80,000 184,546 154,000
Total Income (Loss) (916,724,948) (22,663,248) (2,530,759,572) 401,406,185
Expenses        
General Partner management fees (Note 3) 4,632,495 1,666,525 6,291,930 3,469,952
Professional fees 532,839 405,136 822,975 805,819
Brokerage commissions 3,706,371 581,879 4,679,525 1,279,813
Directors' fees and insurance 101,092 71,055 194,204 152,776
License fees 154,416 55,551 209,731 115,665
Registration fees 1,211,000 150,142 1,478,714 278,028
Total Expenses 10,338,213 2,930,288 13,677,079 6,102,053
Net Income (Loss) $ (927,063,161) $ (25,593,536) $ (2,544,436,651) $ 395,304,132
Net Income (Loss) per limited partner share $ (5.92) $ (2.94) $ (74.25) $ 20.38
Net Income (Loss) per weighted average limited partner share $ (5.70) $ (1.71) $ (27.54) $ 24.18
Weighted average limited partner shares outstanding 162,504,650 14,930,632 92,374,097 16,348,066