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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ (916,739) $ (2,118,314) $ (2,576,807) $ (4,399,140)
Change in unrealized gain (loss) on open futures contracts 3,565,429 2,783,384 3,879,007 3,758,409
Dividend income 1,587 724 4,179 1,440
Interest income 9,076 587 14,927 1,222
ETF transaction fees 350 2,450 1,050 4,550
Total income (loss) 2,659,703 668,831 1,322,356 (633,519)
Expenses        
General Partner management fees (Note 3) 24,275 33,596 46,820 66,039
Professional fees 26,135 26,936 52,270 48,202
Brokerage commissions 872 2,149 1,830 3,744
Directors' fees and insurance 1,528 746 2,058 1,778
License fees 485 672 936 1,321
Total expenses 53,295 64,099 103,914 121,084
Expense waiver (Note 3) (24,115) (23,928) (47,731) (41,763)
Net expenses 29,180 40,171 56,183 79,321
Net income (loss) $ 2,630,523 $ 628,660 $ 1,266,173 $ (712,840)
Net income (loss) per limited partnership share $ 1.9 $ 0.22 $ 0.92 $ (0.87)
Net income (loss) per weighted average limited partnership share $ 1.91 $ 0.45 $ 0.93 $ (0.52)
Weighted average limited partnership shares outstanding 1,374,725 1,408,242 1,367,582 1,363,260