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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 132,039,470 $ 74,366,067 $ 196,360,570 $ (152,858,513)
Change in unrealized gain (loss) on open commodity futures contracts 2,664,108 (20,009,146) 44,687,969 2,115,554
Dividend income 11,551 58,452 31,435 831,631
Interest income [1] 20,001 125,322 47,269 1,805,898
ETF transaction fees 21,000 32,000 72,000 118,070
Total Income (Loss) 134,756,130 54,572,695 241,199,243 (147,987,360)
Expenses        
General Partner management fees (Note 3) 427,786 551,554 1,338,050 1,820,959
Professional fees 149,126 162,876 564,224 514,887
Brokerage commissions 147,620 369,980 583,750 1,538,224
Directors' fees and insurance 20,166 19,075 58,149 63,273
License fees 10,694 13,789 33,451 45,524
Registration fees 0 101,400 103,290 281,400
Total Expenses 755,392 1,218,674 2,680,914 4,264,267
Net Income (Loss) $ 134,000,738 $ 53,354,021 $ 238,518,329 $ (152,251,627)
Net Income (Loss) per limited partner share $ 7.54 $ 1.10 $ 11.09 $ (5.56)
Net Income (Loss) per weighted average limited partner share $ 7.00 $ 1.73 $ 9.10 $ (4.77)
Weighted average limited partner shares outstanding 19,143,284 30,816,110 26,207,665 31,924,734
[1] *     Interest income does not exceed paid in kind of 5%.