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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ 10,130,720 $ (31,884,655) $ 137,561,190 $ (61,572,108)
Realized gain (loss) on closed OTC commodity swap contracts (586,360) (14,492,802) 44,700,874 (31,916,736)
Change in unrealized gain (loss) on open commodity futures contracts (3,237,640) (3,952,936) 50,188,240 (40,293,553)
Change in unrealized gain (loss) on open OTC commodity swap contracts (136) 101 (318) 2,295
Dividend income 4,210,364 4,455,802 8,435,797 9,550,276
Interest income 12,029,211 13,614,943 24,721,518 25,063,460
ETF transaction fees 100,000 95,000 208,000 166,000
Total Income (Loss) 22,646,159 (32,164,547) 265,815,301 (99,000,366)
Expenses        
General Partner management fees (Note 3) 1,490,738 1,784,082 3,074,191 3,659,244
Professional fees 727,464 523,064 1,454,928 1,039,644
Brokerage commissions 347,096 185,968 741,142 361,114
Directors' fees and insurance 102,877 193,372 219,104 387,609
License fees 49,692 59,470 102,473 121,975
Total Expenses 2,717,867 2,745,956 5,591,838 5,569,586
Net Income (Loss) $ 19,928,292 [1] $ (34,910,503) [1] $ 260,223,463 $ (104,569,952)
Net Income (Loss) per limited partner share $ 0.70 $ (2.83) $ 12.72 $ (6.41)
Net Income (Loss) per weighted average limited partner share $ 1.16 $ (1.43) $ 14.13 $ (4.21)
Weighted average limited partner shares outstanding 17,166,460 24,429,098 18,421,955 24,825,260
[1] General Partners’ shares outstanding and capital for the periods presented were zero.