1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Partnership's assets and liabilities measured at fair value

The following table presents information about the Partnership’s assets and liabilities measured at fair value as of September 30, 2019 and December 31, 2018:

								Balance as of
September 30, 2019	Level 1			Level 2		Level 3		September 30, 2019
Assets
Futures contracts (1)	$	139,720		$	–	$	–	$	139,720
U.S. Government agency bonds and notes		–			6,338,911		–		6,338,911
Certificates of deposit		–			1,149,977		–		1,149,977
Corporate notes		–			3,752,792		–		3,752,792
Total Assets	$	139,720		$	11,241,680	$	–	$	11,381,400
Liabilities
Futures contracts (1)	$	(55,728	)	$	–	$	–	$	(55,728	)

								Balance as of
December 31, 2018	Level 1			Level 2		Level 3		December 31, 2018
Assets
Futures contracts (1)	$	69,626		$	–	$	–	$	69,626
U.S. Government agency bonds and notes		–			9,735,119		–		9,735,119
Certificates of deposit		–			836,001		–		836,001
Corporate notes		–			5,183,853		–		5,183,853
Total Assets	$	69,626		$	15,754,973	$	–	$	15,824,599
Liabilities
Futures contracts (1)	$	(167,374	)	$	–	$	–	$	(167,374	)

(1) See Note 7. "Financial Derivative Instruments" for the fair value in each type of contracts within this category.