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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 $ (492,221) $ 5,789,281 $ (1,925,589) $ 10,264,256
Change in unrealized gain (loss) on open futures contracts (1,464,219) 3,598,029 13,130,099 5,462,074
Dividend income 80,197 60,127 150,417 114,237
Interest income [1] 266,616 287,399 538,649 528,254
ETF transaction fees 2,450 1,050 3,150 3,500
Total income (loss) (1,607,177) 9,735,886 11,896,726 16,372,321
Expenses        
General Partner management fees (Note 3) 87,543 126,585 176,157 253,881
Professional fees 38,520 36,319 76,616 74,415
Brokerage commissions 1,985 2,645 3,857 3,219
Directors' fees and insurance 2,738 3,583 6,005 6,814
License fees 2,189 3,165 4,404 6,347
Total expenses 132,975 172,297 267,039 344,676
Net income (loss) $ (1,740,152) $ 9,563,589 $ 11,629,687 $ 16,027,645
Net income (loss) per limited partnership share $ (0.72) $ 2.72 $ 3.98 $ 4.32
Net income (loss) per weighted average limited partnership share $ (0.67) $ 2.70 $ 4.27 $ 4.28
Weighted average limited partnership shares outstanding 2,610,440 3,541,758 2,725,691 3,746,133
[1] Interest income does not exceed paid in kind of 5%.