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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 55,364,120 $ (102,525,960) $ 64,321,100 $ (227,224,580)
Change in unrealized gain (loss) on open commodity futures contracts 21,242,772 30,575,360 42,023,861 22,124,700
Dividend income 11,714 104,118 19,884 773,179
Interest income [1] 5,409 603,045 27,268 1,680,576
ETF transaction fees 11,000 42,070 51,000 86,070
Total Income (Loss) 76,635,015 (71,201,367) 106,443,113 (202,560,055)
Expenses        
General Partner management fees (Note 3) 389,286 581,249 910,264 1,269,405
Professional fees 290,024 192,575 415,098 352,011
Brokerage commissions 178,268 595,544 436,130 1,168,244
Directors' fees and insurance 19,092 19,695 37,983 44,198
License fees 9,733 14,531 22,757 31,735
Registration fees 22,290 111,750 103,290 180,000
Total Expenses 908,693 1,515,344 1,925,522 3,045,593
Net Income (Loss) $ 75,726,322 $ (72,716,711) $ 104,517,591 $ (205,605,648)
Net Income (Loss) per limited partner share $ 3.14 $ (2.18) $ 3.55 $ (6.66)
Net Income (Loss) per weighted average limited partner share $ 3.08 $ (2.18) $ 3.51 $ (6.33)
Weighted average limited partner shares outstanding 24,564,588 33,313,159 29,798,400 32,485,137
[1] *     Interest income does not exceed paid in kind of 5%.