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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ (162,457,810) $ 7,202,157 $ (81,062,710) $ (531,390,572)
Realized gain (loss) on closed OTC commodity swap contracts 3,825,620 2,076,722 54,594,629 (38,885,017)
Change in unrealized gain (loss) on open commodity futures contracts 153,184,610 (65,003,845) 30,647,389 132,927,937
Change in unrealized gain (loss) on open OTC commodity swap contracts (410) (36,595,600) (14,904,886) (7,028,587)
Dividend income 1,602,883 2,717,307 3,355,024 9,837,562
Interest income 8,237,740 10,527,836 26,214,806 24,730,556
ETF transaction fees 54,000 82,000 183,000 292,000
Total Income (Loss) 4,446,633 (78,993,423) 19,027,252 (409,516,121)
Expenses        
General Partner management fees (Note 3) 1,205,891 1,688,916 3,630,573 4,703,655
Professional fees 602,193 282,358 1,635,271 897,302
Brokerage commissions 632,522 582,817 2,052,865 2,175,234
Directors' fees and insurance 70,755 53,918 205,847 134,489
License fees 30,147 42,222 90,764 117,591
Total Expenses 2,541,508 2,650,231 7,615,320 8,028,271
Net Income (Loss) $ 1,905,125 $ (81,643,654) $ 11,411,932 $ (417,544,392)
Net Income (Loss) per limited partner share $ (0.96) $ (2.62) [1] $ (3.93) $ (29.66)
Net Income (Loss) per weighted average limited partner share $ 0.03 $ (2.04) [1] $ 0.23 $ (11.57)
Weighted average limited partner shares outstanding 55,616,755 40,040,169 [1] 49,792,092 36,096,239
[1] On January 23, 2024 there was a 1 - for - 4 reverse share split.