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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 $ 11,487,803 $ (492,221) $ 10,650,520 $ (1,925,589)
Change in unrealized gain (loss) on open commodity futures contracts 87,135,286 (1,464,219) 62,774,039 13,130,099
Realized gain (loss) on short-term investments     1,240  
Dividend income 81,659 80,197 111,904 150,417
Interest income [1] 67,904 266,616 214,432 538,649
ETF transaction fees 15,064 2,450 21,014 3,150
Total Income (Loss) 98,787,716 (1,607,177) 73,773,149 11,896,726
Expenses        
General Partner management fees (Note 3) 341,764 87,543 410,035 176,157
Professional fees 47,256 38,520 74,401 76,616
Brokerage commissions 69,031 1,985 74,177 3,857
Directors' fees and insurance 4,780 2,738 7,902 6,005
License fees 8,544 2,189 10,251 4,404
Registration fees 39,650   39,650 0
Total Expenses 511,025 132,975 616,416 267,039
Net Income (Loss) $ 98,276,691 $ (1,740,152) $ 73,156,733 $ 11,629,687
Net Income (Loss) per limited partner share $ 2.54 $ (0.72) $ (8.25) $ 3.98
Net Income (Loss) per weighted average limited partner share $ 5.43 $ (0.67) $ 7.10 $ 4.27
Weighted average limited partner shares outstanding 18,098,901 2,610,440 10,301,374 2,725,691
[1] Interest income does not exceed paid in kind of 5%.