Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Derivatives Assets and Liabilities Not Designated As Hedging Instruments

As of June 30, 2020 and December 31, 2019, the value of the Company’s open futures, options and forward contracts was approximately $4,468,174 and $(5,955,928), respectively.

		As of June 30, 2020
	Balance Sheet Classification	Asset Derivatives		Liability Derivatives
Derivatives not designated as hedging instruments:
Commodity contracts	Current Assets	$	8,388,189	$	3,289,830
Foreign exchange contracts	Current Assets	230,943		46,503
Interest rate caps and floors	Current Liabilities	—		814,625
Totals		$	8,619,132	$	4,150,958

		As of December 31, 2019
	Balance Sheet Classification	Asset Derivatives		Liability Derivatives
Derivatives not designated as hedging instruments:
Commodity contracts	Current Assets	$	3,320,161	$	8,930,683
Foreign exchange contracts	Current Assets	29,696		27,582
Interest rate caps and floors	Current Liabilities	—		347,520
Totals		$	3,349,857	$	9,305,785

Schedule Of Derivative Instruments, Net Realized and Unrealized Gain (Loss) On Derivatives Not Designated As Hedging Instruments

During the three and six-month periods ended June 30, 2020 and 2019, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed statements of operations as follows:

	Net Gain (Loss) Recognized  on Derivative Activities for the						Net Gain (Loss) Recognized  on Derivative Activities for the
	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Derivatives not designated as hedging instruments:
Commodity contracts	$	1,504,942		$	266,869		$	7,131,171		$	1,008,821
Foreign exchange contracts	246,656			8,347			178,659			44,829
Interest rate swaps, caps and floors	(39,256		)	(125,483		)	(458,738		)	(155,549		)
Totals	$	1,712,342		$	149,733		$	6,851,092		$	898,101