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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ (331,877) $ (41,649) $ (693,179) $ (50,236)
Change in unrealized gain (loss) on open commodity futures contracts 245,056 (598,531) 278,548 (493,923)
Dividend income 626 2,896 1,584 6,798
Interest income* [1] 5,781 22,529 16,874 46,165
ETF transaction fees 700 0 700 350
Total Income (Loss) (79,714) (614,755) (395,473) (490,846)
Expenses        
General Partner management fees (Note 3) 6,598 8,330 12,392 17,426
Professional fees 18,773 22,157 35,472 44,072
Brokerage commissions 390 264 521 636
Directors' fees and insurance 151 215 387 543
License fees 132 167 248 349
Total expenses 26,044 31,133 49,020 63,026
Expense waiver (17,683) (21,137) (33,705) (42,114)
Net Expenses 8,361 9,996 15,315 20,912
Net Income (Loss) $ (88,075) $ (624,751) $ (410,788) $ (511,758)
Net Income (Loss) per limited partner share $ (0.08) $ (1.39) $ (0.88) $ (1.15)
Net Income (Loss) per weighted average limited partner share $ (0.20) $ (1.39) $ (0.97) $ (1.12)
Weighted average limited partner shares outstanding 447,253 450,000 423,626 454,972
[1] Interest income does not exceed paid in kind of 5%.