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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 $ 7,012,170 $ 5,214,730 $ 14,459,540 $ 22,736,110
Change in unrealized gain (loss) on open futures contracts (12,158,780) (770,460) (341,900) 278,490
Dividend income 133,489 136,916 455,302 307,484
Interest income [1] 345,384 347,993 1,096,830 887,974
ETF transaction fees 1,750 3,500 6,300 9,100
Total income (loss) (4,665,987) 4,932,679 15,676,072 24,219,158
Expenses        
General Partner management fees (Note 3) 162,830 188,880 504,194 546,608
Professional fees 36,421 8,822 53,778 102,340
Brokerage commissions 26,184 24,990 77,908 73,083
Directors' fees and insurance 5,318 4,317 13,905 11,712
Total expenses 230,753 227,009 649,785 733,743
Expense waiver (Note 3) (35,357) (599) (44,752) (78,058)
Net expenses 195,396 226,410 605,033 655,685
Net income (loss) $ (4,861,383) $ 4,706,269 $ 15,071,039 $ 23,563,473
Net income (loss) per limited partnership share $ (1.04) $ 1.07 $ 2.91 $ 5.10
Net income (loss) per weighted average limited partnership share $ (1.04) $ 1.00 $ 3.14 $ 4.86
Weighted average limited partnership shares outstanding 4,665,217 4,703,261 4,806,227 4,851,648
[1] Interest income does not exceed paid in kind of 5%.