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Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ 5,789,281 $ 474,575 $ 10,264,256 $ 6,619,094
Change in unrealized gain (loss) on open futures contracts 3,598,029 (10,335,615) 5,462,074 (27,523,684)
Dividend income 60,127 43,444 114,237 86,469
Interest income [1] 287,399 144,453 528,254 252,931
ETF transaction fees 1,050 2,800 3,500 4,550
Total income (loss) 9,735,886 (9,670,343) 16,372,321 (20,560,640)
Expenses        
General Partner management fees (Note 3) 126,585 159,419 253,881 332,486
Professional fees 36,319 53,800 74,415 125,800
Brokerage commissions 2,645 4,709 3,219 8,841
Directors' fees and insurance 3,583 3,468 6,814 6,588
License fees 3,165 3,985 6,347 8,312
Total expenses 172,297 225,381 344,676 482,027
Net income (loss) $ 9,563,589 $ (9,895,724) $ 16,027,645 $ (21,042,667)
Net income (loss) per limited partnership share $ 2.72 $ (1.73) $ 4.32 $ (3.60)
Net income (loss) per weighted average limited partnership share $ 2.70 $ (1.63) $ 4.28 $ (3.48)
Weighted average limited partnership shares outstanding 3,541,758 6,056,044 3,746,133 6,047,790
[1] Interest income does not exceed paid in kind of 5%.