Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Derivatives Assets and Liabilities Not Designated As Hedging Instruments

As of March 31, 2022 and December 31, 2021, the value of the Company’s open futures, options and forward contracts was approximately $(17,755,661) and $(15,711,099), respectively.

		As of March 31, 2022
	Balance Sheet Classification	Asset Derivatives		Liability Derivatives
Derivatives not designated as hedging instruments:
Commodity contracts	Current Assets/Liabilities	$	25,025,966	$	43,082,814
Foreign exchange contracts	Current Assets/Liabilities	27,720		153,747
Interest rate caps and floors	Current Assets/Liabilities	720,379		293,165
Totals		$	25,774,065	$	43,529,726

		As of December 31, 2021
	Balance Sheet Classification	Asset Derivatives		Liability Derivatives
Derivatives not designated as hedging instruments:
Commodity contracts	Current Assets/Liabilities	$	11,584,595	$	27,141,888
Foreign exchange contracts	Current Assets/Liabilities	58,673		68,683
Interest rate caps and floors	Current Assets/Liabilities	290,491		434,287
Totals		$	11,933,759	$	27,644,858

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

During the three-month periods ended March 31, 2022 and 2021, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed statements of operations as follows:

	2022		2021
Derivatives not designated as hedging instruments:
Commodity contracts	$	(7,832,140)	$	(6,042,326)
Foreign exchange contracts	(2,228)		19,226
Interest rate swaps, caps and floors	570,464		206,840
Totals	$	(7,263,904)	$	(5,816,260)