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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 1,138,807,507 $ 97,326,744 $ (2,508,492,651) $ 166,752,646
Change in unrealized gain (loss) on open commodity futures contracts (1,048,629,449) (185,598,630) 59,173,693 127,712,218
Realized gain (loss) on short-term investments   7,667   7,667
Dividend income 383,360 219,697 1,930,681 2,887,915
Interest income [1] 1,020,740 7,510,292 8,026,317 23,357,509
ETF transaction fees 55,000 93,000 239,546 247,000
Total Income (Loss) 91,637,158 (80,441,230) (2,439,122,414) 320,964,955
Expenses        
General Partner management fees (Note 3) 4,893,531 1,550,198 11,185,461 5,020,150
Professional fees 1,045,976 317,592 1,868,951 1,123,411
Brokerage commissions 783,270 616,021 5,462,795 1,895,834
Directors' fees and insurance 101,486 89,972 295,690 242,748
License fees 163,118 51,673 372,849 167,338
Registration fees 759,225 151,791 2,237,939 429,819
Total Expenses 7,746,606 2,777,247 21,423,685 8,879,300
Net Income (Loss) $ 83,890,552 $ (83,218,477) $ (2,460,546,099) $ 312,085,655
Net Income (Loss) per limited partner share $ 0.47 $ (6.82) [2] $ (73.78) $ 13.56 [2]
Net Income (Loss) per weighted average limited partner share $ 0.57 $ (5.71) [2] $ (22.18) $ 19.81 [2]
Weighted average limited partner shares outstanding 147,624,690 14,575,272 [2] 110,925,391 15,750,641 [2]
[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 Condensed Statements of Operations have been adjusted for the periods shown to reflect the 1-for-8 reverse share split on a retroactive basis.