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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 4,940,930 $ 7,012,170 $ 63,479,920 $ 14,459,540
Change in unrealized gain (loss) on open commodity futures contracts (5,385,770) (12,158,780) (7,628,810) (341,900)
Dividend income 68,536 133,489 252,241 455,302
Interest income [1] 31,647 345,384 378,435 1,096,830
ETF transaction fees 9,100 1,750 40,971 6,300
Total Income (Loss) (335,557) (4,665,987) 56,522,757 15,676,072
Expenses        
General Partner management fees (Note 3) 758,726 162,830 1,514,261 504,194
Professional fees 113,298 36,421 197,177 53,778
Brokerage commissions 161,652 26,184 413,504 77,908
Directors' fees and insurance 8,235 5,318 20,525 13,905
Registration fees 87,470 0 168,970 0
Total Expenses 1,129,381 230,753 2,314,437 649,785
Expense waiver (220,529) (35,357) (497,324) (44,752)
Net Expenses 908,852 195,396 1,817,113 605,033
Net Income (Loss) $ (1,244,409) $ (4,861,383) $ 54,705,644 $ 15,071,039
Net Income (Loss) per limited partner share $ (0.07) $ (1.04) $ (10.21) $ 2.91
Net Income (Loss) per weighted average limited partner share $ (0.03) $ (1.04) $ 2.13 $ 3.14
Weighted average limited partner shares outstanding 35,792,391 4,665,217 25,678,832 4,806,227
[1] Interest income does not exceed paid in kind of 5%.