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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 10,226,120 $ 4,940,930 $ 147,368,380 $ 63,479,920
Change in unrealized gain (loss) on open commodity futures contracts 7,255,710 (5,385,770) 11,268,830 (7,628,810)
Dividend income 12,363 68,536 36,249 252,241
Interest income [1] 14,367 31,647 46,861 378,435
ETF transaction fees 6,650 9,100 24,850 40,971
Total Income (Loss) 17,515,210 (335,557) 158,745,170 56,522,757
Expenses        
General Partner management fees (Note 3) 519,919 758,726 1,788,671 1,514,261
Professional fees 81,762 113,298 337,719 197,177
Brokerage commissions 60,407 161,652 227,185 413,504
Directors' fees and insurance 22,023 8,235 53,382 20,525
Registration fees 65,320 87,470 193,830 168,970
Total Expenses 749,431 1,129,381 2,600,787 2,314,437
Expense waiver (Note 3) 0 (220,529) (202,151) (497,324)
Net Expenses 749,431 908,852 2,398,636 1,817,113
Net Income (Loss) $ 16,765,779 $ (1,244,409) $ 156,346,534 $ 54,705,644
Net Income (Loss) per limited partner share $ 1.42 $ (0.07) $ 7.75 $ (10.21)
Net Income (Loss) per weighted average limited partner share $ 1.16 $ (0.03) $ 8.29 $ 2.13
Weighted average limited partner shares outstanding 14,452,174 35,792,391 18,848,901 25,678,832
[1] Interest income does not exceed paid in kind of 5%.