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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ (41,649) $ (57,654) $ (50,236) $ (424,071)
Change in unrealized gain (loss) on open futures contracts (598,531) 175,824 (493,923) 583,201
Dividend income 2,896 5,381 6,798 12,895
Interest income [1] 22,529 20,224 46,165 38,819
ETF transaction fees 0 350 350 1,400
Total income (loss) (614,755) 144,125 (490,846) 212,244
Expenses        
General Partner management fees (Note 3) 8,330 11,705 17,426 26,076
Professional fees 22,157 16,582 44,072 36,246
Brokerage commissions 264 467 636 785
Directors' fees and insurance 215 338 543 753
License fees 167 234 349 521
Total expenses 31,133 29,326 63,026 64,381
Expense waiver (Note 3) (21,137) (15,329) (42,114) (33,091)
Net expenses 9,996 13,997 20,912 31,290
Net income (loss) $ (624,751) $ 130,128 $ (511,758) $ 180,954
Net income (loss) per limited partnership share $ (1.39) $ 0.20 $ (1.15) $ 0.23
Net income (loss) per weighted average limited partnership share $ (1.39) $ 0.19 $ (1.12) $ 0.24
Weighted average limited partnership shares outstanding 450,000 670,879 454,972 753,591
[1] Interest income does not exceed paid in kind of 5%.