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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Derivatives not Accounted for as Hedging Instruments Futures - Commodity Contracts  
Location of Gain (Loss) on Derivatives Recognized in Income Change in unrealized gain (loss) on open positions  
Realized Gain (Loss) on Derivatives Recognized in Income $ (10,110,040) $ 4,200,809
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income $ 1,666,380 $ 2,346,110
Commodity Contract [Member]    
Location of Gain (Loss) on Derivatives Recognized in Income Realized gain (loss) on closed positions