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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ (29,807,410) $ (61,805,268) $ 5,568,220 $ 75,755,922
Realized gain (loss) on closed OTC commodity swap contracts (6,618,471) (41,699,515) (8,128,147) 3,001,359
Change in unrealized gain (loss) on open commodity futures contracts 43,073,400 (45,194,602) (30,499,210) 4,993,638
Change in unrealized gain (loss) on open OTC commodity swap contracts 9,010,427 293 93,107 (25)
Dividend income 6,578,548 5,312,002 17,146,867 13,747,799
Interest income 3,255,975 10,522,882 12,697,026 35,244,400
ETF transaction fees 69,000 89,000 260,000 297,000
Total Income (Loss) 25,561,469 (132,775,208) (2,862,137) 133,040,093
Expenses        
General Partner management fees (Note 3) 1,108,653 1,431,839 3,351,100 4,506,030
Professional fees 561,784 722,894 1,581,081 2,177,822
Brokerage commissions 352,575 368,938 1,133,961 1,110,080
Directors' fees and insurance 37,532 103,790 154,995 322,894
License fees 36,955 47,728 111,703 150,201
Total Expenses 2,097,499 2,675,189 6,332,840 8,267,027
Net Income (Loss) [1] $ 23,463,970 $ (135,450,397) $ (9,194,977) $ 124,773,066
Net Income (Loss) per limited partner share $ 0.33 $ (9.77) $ (1.87) $ 2.95
Net Income (Loss) per weighted average limited partner share $ 1.81 $ (7.98) $ (0.68) $ 6.96
Weighted average limited partner shares outstanding 12,974,152 16,975,777 13,502,724 17,936,377
[1] General Partners’ shares outstanding and capital for the periods presented were zero.