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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Gain (loss) on trading of commodity futures contracts:      
Realized gain (loss) on closed commodity futures contracts $ 1,911,763,583 $ (2,251,576,260) $ 220,179,889
Change in unrealized gain (loss) on open commodity futures contracts (287,006,734) 363,923,391 231,913,525
Realized gain (loss) on short-term investments 0 0 11,258
Dividend income [1] 431,883 1,949,571 2,957,196
Interest income* 869,933 8,528,581 29,461,116
ETF transaction fees 169,000 289,546 312,000
Total Income (Loss) 1,626,227,665 (1,876,885,171) 484,834,984
Expenses      
General Partner management fees (Note 3) 13,383,302 15,388,313 6,461,273
Professional fees 6,994,549 2,694,975 1,440,997
Brokerage commissions 1,123,971 6,104,865 2,423,017
Directors' fees and insurance 745,448 391,372 333,741
License fees 446,110 512,944 215,376
Registration fees 1,260,041 3,203,939 504,876
Total Expenses 23,953,421 28,296,408 11,379,280
Net Income (Loss) $ 1,602,274,244 $ (1,905,181,579) $ 473,455,704
Net Income (Loss) per limited partner share $ 21.11 [2] $ (69.20) [2] $ 25.59
Net Income (Loss) per weighted average limited partner share $ 24.54 [2] $ (16.61) [2] $ 31.24
Weighted average limited partner shares outstanding 65,289,630 [2] 114,667,411 [2] 15,155,959
[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 Statements of Operations have been adjusted for the periods shown to reflect the 1-for-8 reverse share split on a retroactive basis.