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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ (2,101,373) $ 7,166,117 $ (4,026,962) $ 17,430,373
Change in unrealized gain (loss) on open futures contracts (2,236,727) (2,150,147) 10,893,372 3,311,927
Dividend income 51,826 65,990 202,243 180,227
Interest income [1] 237,051 322,972 775,700 851,226
ETF transaction fees 350 1,750 3,500 5,250
Total income (loss) (4,048,873) 5,406,682 7,847,853 21,779,003
Expenses        
General Partner management fees (Note 3) 79,675 120,405 255,832 374,286
Professional fees 27,442 34,342 104,058 108,757
Brokerage commissions 1,627 2,282 5,484 5,501
Directors' fees and insurance 3,393 3,642 9,398 10,456
License fees 1,992 3,010 6,396 9,357
Total expenses 114,129 163,681 381,168 508,357
Net income (loss) $ (4,163,002) $ 5,243,001 $ 7,466,685 $ 21,270,646
Net income (loss) per limited partnership share $ (1.64) $ 1.77 $ 2.34 $ 6.09
Net income (loss) per weighted average limited partnership share $ (1.66) $ 1.64 $ 2.82 $ 5.98
Weighted average limited partnership shares outstanding 2,505,435 3,187,500 2,651,465 3,557,875
[1] Interest income does not exceed paid in kind of 5%.