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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ (8,164) $ (129,946) $ (701,343) $ (180,182)
Change in unrealized gain (loss) on open commodity futures contracts 790,225 (3,325) 1,068,773 (497,248)
Dividend income 975 2,629 2,559 9,427
Interest income* [1] 1,176 19,149 18,050 65,314
ETF transaction fees 350 0 1,050 350
Total Income (Loss) 784,562 (111,493) 389,089 (602,339)
Expenses        
General Partner management fees (Note 3) 11,676 7,641 24,068 25,067
Professional fees 14,964 16,880 50,436 60,952
Brokerage commissions 537 312 1,058 948
Directors' fees and insurance 188 271 575 814
License fees 233 152 481 501
Total Expenses 27,598 25,256 76,618 88,282
Expense waiver (14,037) (16,088) (47,742) (58,202)
Net Expenses 13,561 9,168 28,876 30,080
Net Income (Loss) $ 771,001 $ (120,661) $ 360,213 $ (632,419)
Net Income (Loss) per limited partner share $ 1.02 $ (0.27) $ 0.14 $ (1.42)
Net Income (Loss) per weighted average limited partner share $ 1.03 $ (0.27) $ 0.68 $ (1.40)
Weighted average limited partner shares outstanding 748,370 450,000 532,664 453,297
[1] Interest income does not exceed paid in kind of 5%.