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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ 212,717,870 $ (55,298,793) $ 81,395,100 $ (538,592,729)
Realized gain (loss) on close OTC commodity swap contracts 16,800,888 (9,438,418) 50,769,009 (40,961,739)
Change in unrealized gain (loss) on open commodity futures contracts (62,948,054) 135,672,261 (122,537,221) 197,931,782
Change in unrealized gain (loss) on open OTC commodity swap contracts (434) 29,569,017 (14,904,476) 29,567,012
Dividend income 897,701 2,748,878 1,752,141 7,120,255
Interest income 9,057,814 9,722,729 17,977,066 14,202,720
ETF transaction fees 60,000 81,000 129,000 210,000
Total Income (Loss) 176,585,785 113,056,674 14,580,619 (330,522,699)
Expenses        
General Partner management fees (Note 3) 1,199,746 1,707,590 2,424,682 3,014,739
Professional fees 597,788 294,864 1,033,078 614,944
Brokerage commissions 610,954 783,668 1,420,343 1,592,417
Directors' fees and insurance 69,128 43,187 135,092 80,571
License fees 29,993 42,690 60,617 75,369
Total Expenses 2,507,609 2,871,999 5,073,812 5,378,040
Net Income (Loss) $ 174,078,176 $ 110,184,675 $ 9,506,807 $ (335,900,739)
Net Income (Loss) per limited partner share $ 2.65 $ 1.81 [1] $ (2.97) $ (27.04)
Net Income (Loss) per weighted average limited partner share $ 3.66 $ 2.61 [1] $ 0.20 $ (9.85)
Weighted average limited partner shares outstanding 47,590,059 42,187,081 [1] 46,847,757 34,091,589
[1] On January 23, 2024 there was a 1 - for - 4 reverse share split.