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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ 204,277,575 $ (118,377,718) $ 142,705,467 $ 989,982,135
Realized gain (loss) on swap contracts 67,005,805 (64,935,404) 35,089,069 (32,257,710)
Change in unrealized gain (loss) on open commodity futures contracts 68,423,986 (262,761,411) 28,130,433 (332,240,105)
Change in unrealized gain (loss) on open OTC commodity swap contracts (301) 456 1,994 (1,940)
Dividend income 4,228,144 5,486,707 13,778,420 8,317,751
Interest income [1] 13,682,856 5,181,788 38,746,316 5,850,342
ETF transaction fees 106,000 64,000 272,000 163,000
Total Income (Loss) 357,724,065 (435,341,582) 258,723,699 639,813,473
Expenses        
General Partner management fees 1,684,104 2,564,245 5,343,348 9,081,221
Professional fees 551,058 463,976 1,590,702 1,392,324
Brokerage commissions 160,574 189,314 521,688 604,223
Directors' fees and insurance 184,717 206,336 572,326 622,384
License fees 56,137 85,474 178,112 302,707
Total Expenses 2,636,590 3,509,345 8,206,176 12,002,859
Net Income (Loss) [2] $ 355,087,475 $ (438,850,927) $ 250,517,523 $ 627,810,614
Net Income (Loss) per limited partner share $ 17.11 $ (15.06) $ 10.70 $ 10.97
Net Income (Loss) per weighted average limited partner share $ 17.45 $ (14.34) $ 10.74 $ 17.12
Weighted average limited partner shares outstanding 20,344,255 30,604,038 23,315,178 36,672,687
[1] Interest income does not exceed paid in kind of 5%.
[2] General Partners’ shares outstanding and capital for the periods presented were zero.