Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured at Fair Value

As of and for the years ended December 31, 2019 and 2018, the Partnership did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of the General Partner’s assumptions and internal valuation pricing models (Level 3).

December 31, 2019	Total		Level 1		Level 2		Level 3
Assets
Futures	$	1,455,308	$	1,455,308	$	-	$	-
Forwards		227,718		-		227,718		-
Total assets	$	1,683,026	$	1,455,308	$	227,718	$	-
Liabilities
Futures	$	805,108	$	805,108	$	-	$	-
Forwards		489,107		-		489,107		-
Total liabilities	$	1,294,215	$	805,108	$	489,107	$	-

 

December 31, 2019	Total		Level 1		Level 2		Level 3
Assets
Futures	$	1,456,716	$	1,456,716	$	-	$	-
Forwards		623,038		-		623,038		-
Total assets	$	2,079,754	$	1,456,716	$	623,038	$	-
Liabilities
Futures	$	1,122,513	$	1,122,513	$	-	$	-
Forwards		632,108		-		632,108		-
Total liabilities	$	1,754,621	$	1,122,513	$	632,108	$	-