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Condensed Statements of Financial Condition - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents (at cost $234,515,131 and $259,491,732, respectively) (Notes 2 and 5) $ 234,515,131 $ 259,491,732
Equity in trading accounts:    
Cash and cash equivalents (at cost $59,157,687 and $100,299,442, respectively) 59,157,687 100,299,442
Unrealized gain (loss) on open commodity futures contracts (36,647,195) (67,021,257)
Dividends receivable 70,000 78,143
Interest receivable 7,829 9,670
Prepaid insurance [1] 15,308 8,204
Prepaid registration fees 536,490 75,014
ETF transaction fees receivable 0 1,000
Total assets 257,655,250 292,941,948
Liabilities and Partners' Capital    
Payable for shares redeemed 0 43,833,276
General Partner management fees payable (Note 3) 151,012 180,632
Professional fees payable 626,772 863,937
Brokerage commissions payable 36,300 36,300
Directors' fees payable [1] 8,258 8,602
Insurance payable [1] 0 0
License fees payable 1,198 4,678
Total liabilities 823,540 44,927,425
Commitments and Contingencies (Notes 3, 4 and 5)
Partners' Capital    
General Partner 0 0
Limited Partners 256,831,710 248,014,523
Total Partners' Capital 256,831,710 248,014,523
Total liabilities and partners' capital $ 257,655,250 $ 292,941,948
Limited Partners' shares outstanding 12,884,588 10,184,588
Net asset value per share $ 19.93 $ 24.35
Market value per share $ 19.93 $ 24.71
[1] Certain prior year amounts have been reclassified for consistency with the current presentation.