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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Instruments and Effect of Derivative Instruments on Statements of Income and Expenses | The Fair Value of Derivative Instruments is as follows:
|  | June 30, 2025 |  |  | December 31, 2024 |
Risk Exposure/Derivative Type (a) |  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Commodity risk |  |  |  |  |  |  |  |  |  |  |  |
Commodity Futures Contracts |  | $ | 40,173,166 |  |  | $ | (19,485,079 | ) |  | $ | 27,889,813 |  |  | $ | (48,470,858 | )
(a) Includes cumulative appreciation (depreciation) of commodity futures contracts. Only the current day’s variation margin receivable (payable) is reported in the Statements of Financial Condition for non-LME Commodity Futures Contracts, if any. The Effect of Derivative Instruments on the Statements of Income and Expenses is as follows:
|  |  | For the Three Months Ended |
| Location of Gain (Loss) on Derivatives |  | June 30, |
Risk Exposure/Derivative Type | Recognized in Income |  | 2025 |  |  | 2024 |
Commodity risk |  |  |  |  |  |  |
Commodity Futures Contracts | Net Realized Gain (Loss) |  | $ | (39,319,900 | ) |  | $ | (39,615,424 | )
| Net Change in Unrealized Gain (Loss) |  |  | (21,613,506 | ) |  |  | 39,774,667 |
Total |  |  | $ | (60,933,406 | ) |  | $ | 159,243 |
|  |  | For the Six Months Ended |
| Location of Gain (Loss) on Derivatives |  | June 30, |
Risk Exposure/Derivative Type | Recognized in Income |  | 2025 |  |  | 2024 |
Commodity risk |  |  |  |  |  |  |
Commodity Futures Contracts | Net Realized Gain (Loss) |  | $ | (43,871,311 | ) |  | $ | (42,185,602 | )
| Net Change in Unrealized Gain (Loss) |  |  | 41,269,132 |  |  |  | 93,565,358 |
Total |  |  | $ | (2,602,179 | ) |  | $ | 51,379,756 |
Summary of Average Monthly Notional Value of Future Contracts Held | The table below summarizes the average monthly notional value of futures contracts held during the period:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Average Notional Value |  | $ | 1,223,449,574 |  |  | $ | 1,748,898,626 |  |  | $ | 1,263,933,246 |  |  | $ | 1,715,234,159 |

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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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