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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed commodity futures contracts $ 25,871,560 $ 46,991,360 $ 137,275,610 $ 137,142,260
Change in unrealized gain (loss) on open commodity futures contracts 2,944,290 16,792,830 (17,905,240) 4,013,120
Dividend income 269,145 14,933 298,448 23,886
Interest income* [1] 64,812 11,091 78,226 32,494
ETF transaction fees 10,500 7,700 14,700 18,200
Total Income (Loss) 29,160,307 63,817,914 119,761,744 141,229,960
Expenses        
General Partner management fees (Note 3) 584,777 604,779 1,083,380 1,268,752
Professional fees 101,389 152,238 178,654 255,957
Brokerage commissions 48,776 71,693 95,041 166,778
Directors' fees and insurance 20,471 22,164 41,553 31,359
Registration fees 64,610 64,610 128,510 128,510
Total Expenses 820,023 915,484 1,527,138 1,851,356
Expense waiver (Note 3) 0 (63,046) 0 (202,151)
Net Expenses 820,023 852,438 1,527,138 1,649,205
Net Income (Loss) $ 28,340,284 $ 62,965,476 $ 118,234,606 $ 139,580,755
Net Income (Loss) per limited partner share $ 2.84 $ 3.40 $ 11.81 $ 6.33
Net Income (Loss) per weighted average limited partner share $ 2.91 $ 3.40 $ 11.85 $ 6.62
Weighted average limited partner shares outstanding 9,752,747 18,492,222 9,977,624 21,083,702
[1] Interest income does not exceed paid in kind of 5%.