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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivatives Assets and Liabilities Not Designated As Hedging Instruments
As of September 30, 2020 and December 31, 2019, the value of the Company’s open futures, options and forward contracts was approximately $(4,803,532) and $(5,955,928), respectively.
  As of September 30, 2020
 Balance Sheet ClassificationAsset DerivativesLiability Derivatives
Derivatives not designated as hedging instruments:   
Commodity contractsCurrent Assets$13,024,512 $17,058,625 
Foreign exchange contractsCurrent Assets18,379 11,248 
Interest rate caps and floorsCurrent Liabilities— 776,550 
Totals $13,042,891 $17,846,423 
  As of December 31, 2019
 Balance Sheet ClassificationAsset DerivativesLiability Derivatives
Derivatives not designated as hedging instruments:   
Commodity contractsCurrent Assets$3,320,161 $8,930,683 
Foreign exchange contractsCurrent Assets29,696 27,582 
Interest rate caps and floorsCurrent Liabilities— 347,520 
Totals $3,349,857 $9,305,785 
Schedule Of Derivative Instruments, Net Realized and Unrealized Gain (Loss) On Derivatives Not Designated As Hedging Instruments
During the three and nine-month periods ended September 30, 2020 and 2019, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed statements of operations as follows:
 Net Gain (Loss) Recognized 
on Derivative Activities for the
Net Gain (Loss) Recognized 
on Derivative Activities for the
Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
Derivatives not designated as hedging instruments:  
Commodity contracts$(6,632,699)$2,188,931 $498,472 $3,197,752 
Foreign exchange contracts(222,464)(10,091)(43,805)34,738 
Interest rate swaps, caps and floors38,147 (92,998)(420,591)(248,547)
Totals$(6,817,016)$2,085,842 $34,076 $2,983,943