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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2016
Teucrium Commodity Trust - Combined [Member]  
Schedule of Fair Value of Derivative Instruments

The following table also identifies the fair value amounts of derivative instruments included in the statements of assets and liabilities as derivative contracts, categorized by primary underlying risk and held by the FCM, ED&F Man as of December 31, 2016 and 2015.

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2016

 

    (i)     (ii)     (iii) = (i) – (ii)     (iv)     (v) = (iii) – (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the     Futures              
    Gross Amount     Statement of     Statement of     Contracts              
    of  Recognized     Assets and     Assets and     Available for     Collateral, Due        
Description    Assets     Liabilities     Liabilities     Offset     to Broker     Net Amount  
Commodity price                                                
Soybean futures contracts   $ 357,500     $ —     $ 357,500     $ 12,025     $ —     $ 345,475  
Sugar futures contracts     185,147       —       185,147       185,147       —       —  

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2016

 

    (i)     (ii)     (iii) = (i) – (ii)     (iv)     (v) = (iii) – (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the     Futures              
    Gross Amount     Statement of     Statement of     Contracts              
    of Recognized     Assets and     Assets and     Available for     Collateral, Due        
Description    Liabilities     Liabilities     Liabilities     Offset     from Broker     Net Amount  
Commodity price                                                
Corn futures contracts   $ 1,460,800     $ —     $ 1,460,800     $ —     $ 1,460,800     $ —  
Soybean futures contracts     12,025       —       12,025       12,025       —       —  
Sugar futures contracts     331,542       —       331,542       185,147       146,395       —  
Wheat futures contracts     3,921,588       —       3,921,588       —       3,921,588       —  

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2015

 

    (i)     (ii)     (iii) = (i) – (ii)     (iv)     (v) = (iii) – (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the     Futures              
    Gross Amount     Statement of     Statement of     Contracts              
    of Recognized     Assets and     Assets and     Available for     Collateral, Due        
Description    Assets     Liabilities     Liabilities     Offset     to Broker     Net Amount  
Commodity price                                                
Soybean futures contracts   $ 16,175     $ —     $ 16,175     $ 16,175     $ —     $ —  
Sugar futures contracts     364,056       —       364,056       —       —       364,056  

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2015

 

    (i)     (ii)     (iii) = (i) – (ii)     (iv)     (v) = (iii) – (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the     Futures              
    Gross Amount     Statement of     Statement of     Contracts              
    of Recognized     Assets and     Assets and     Available for     Collateral, Due        
Description    Liabilities     Liabilities     Liabilities     Offset     from Broker     Net Amount  
Commodity price                                                
Corn futures contracts   $ 3,908,550     $ —     $ 3,908,550     $ —     $ 3,908,550     $ —  
Soybean futures contracts     238,662       —       238,662       16,175       222,487       —  
Wheat futures contracts     1,924,464       —       1,924,464       —       1,924,464       —  
Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

The following is a summary of realized and net change in unrealized gains (losses) of the derivative instruments utilized by the Trust:

 

Year ended December 31, 2016

 

    Realized (Loss) Gain on     Net Change in Unrealized
Appreciation or Depreciation on		  
Primary Underlying Risk   Commodity Futures Contracts     Commodity Futures Contacts  
Commodity price            
Corn futures contracts   $ (9,438,913 )   $ 2,447,750  
Soybean futures contracts     939,088       567,962  
Sugar futures contracts     1,967,694       (510,451 )
Wheat futures contracts     (9,631,400 )     (1,997,125 )
Total commodity futures contracts   $ (16,163,531 )   $ 508,136  

 

Year ended December 31, 2015

 

    Realized Loss on     Net Change in Unrealized
Appreciation or Depreciation on		  
Primary Underlying Risk   Commodity Futures Contracts     Commodity Futures Contacts  
Commodity price            
Corn futures contracts   $ (8,533,650 )   $ (5,660,263 )
Soybean futures contracts     (1,355,738 )     54,526  
Sugar futures contracts     (1,279,891 )     868,011  
Wheat futures contracts     (4,559,863 )     (2,640,963 )
Total commodity futures contracts   $ (15,729,142 )   $ (7,378,689 )

 

Year ended December 31, 2014

 

    Realized (Loss) Gain on     Net Change in Unrealized
Appreciation or
Depreciation on		  
Primary Underlying Risk   Commodity Futures Contracts     Commodity Futures Contacts  
Commodity price            
Corn futures contracts   $ (11,085,713 )   $ 6,636,500  
Natural gas futures contracts     67,650       (84,050 )
WTI crude oil futures contracts     (652,430 )     (82,450 )
Soybean futures contracts     (278,763 )     (88,150 )
Sugar futures contracts     (131,410 )     (320,555 )
Wheat futures contracts     (2,486,162 )     1,415,175  
Total commodity futures contracts   $ (14,566,828 )   $ 7,476,470  
Teucrium Corn Fund [Member]  
Schedule of Fair Value of Derivative Instruments

The following table also identifies the fair value amounts of derivative instruments included in the statements of assets and liabilities as derivative contracts, categorized by primary underlying risk and held by the FCM, ED&F Man as of December 31, 2016 and 2015.

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2016

 

    (i)     (ii)       (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                    Gross Amount Not Offset in the
Statement of Assets and
Liabilities		    
Description   Gross Amount
of Recognized
Liabilities		     Gross
Amount
Offset in the
Statement of
Assets and
Liabilities		     Net Amount
Presented in
the
Statement of
Assets and
Liabilities		   Futures
Contracts Available for Offset		   Collateral, Due
from Broker		     Net Amount
Commodity price                                
Corn futures contracts   $ 1,460,800     $ —     $ 1,460,800   $ —   $ 1,460,800     $ —

  

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2015

 

    (i)     (ii)     (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                    Gross Amount Not Offset in the Statement of Assets and
Liabilities		    
Description   Gross Amount
of Recognized
Liabilities		     Gross Amount
Offset in the
Statement of
Assets and
Liabilities		     Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts Available for Offset   Collateral, Due
from Broker		     Net Amount
Commodity price                                
Corn futures contracts   $ 3,908,550     $ —     $ 3,908,550   $ —   $ 3,908,550     $ —
Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

The following is a summary of realized and net change in unrealized gains (losses) of the derivative instruments utilized by the Fund:

 

Year ended December 31, 2016

 

      Net Change in Unrealized
   Realized Loss on  Appreciation or Depreciation on
   Commodity Futures Contracts  Commodity Futures Contacts
Commodity Price      
Corn futures contracts  $ (9,438,913) $ 2,447,750

 

Year ended December 31, 2015

 

      Net Change in Unrealized  
   Realized Loss on  Appreciation or Depreciation on  
   Commodity Futures Contracts  Commodity Futures Contacts  
Commodity Price        
Corn futures contracts  $ (8,533,650) $ (5,660,263 )

 

Year ended December 31, 2014

 

      Net Change in Unrealized  
   Realized Loss on  Appreciation or Depreciation on  
   Commodity Futures Contracts  Commodity Futures Contacts  
Commodity Price        
Corn futures contracts  $ (11,085,713) $ 6,636,500  

 
Teucrium Soybean Fund [Member]  
Schedule of Fair Value of Derivative Instruments

The following table also identifies the fair value amounts of derivative instruments included in the statements of assets and liabilities as derivative contracts, categorized by primary underlying risk and held by the FCM, ED&F Man as of December 31, 2016 and 2015.

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2016

 

    (i)   (ii)   (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                     
                Gross Amount Not Offset in the
Statement of Assets and Liabilities		    
Description   Gross Amount
of Recognized
Assets		   Gross Amount
Offset in the
Statement of
Assets and
Liabilities		   Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts
Available for Offset		   Collateral, Due
to Broker		   Net Amount
Commodity price                        
Soybean futures contracts   $ 357,500   $ —   $ 357,500   $ 12,025   $ —   $ 345,475

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2016

 

    (i)   (ii)   (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                     
                Gross Amount Not Offset in the
Statement of Assets and Liabilities		    
Description   Gross Amount
of Recognized
Liabilities		   Gross Amount
Offset in the
Statement of
Assets and
Liabilities		   Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts
Available for Offset		   Collateral, Due
from Broker		   Net Amount
Commodity price                        
Soybean futures contracts   $ 12,025   $ —   $ 12,025   $ 12,025   $ —   $ —

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2015

 

    (i)   (ii)   (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                     
                Gross Amount Not Offset in the
Statement of Assets and Liabilities		    
Description   Gross Amount
of Recognized
Assets		   Gross Amount
Offset in the
Statement of
Assets and
Liabilities		   Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts
Available for Offset		   Collateral, Due
to Broker		   Net Amount
Commodity price                        
Soybean futures contracts   $ 16,175   $ —   $ 16,175   $ 16,175   $ —   $ —

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2015

 

    (i)   (ii)   (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                     
                Gross Amount Not Offset in the
Statement of Assets and Liabilities		    
Description   Gross Amount
of Recognized
Liabilities		   Gross Amount
Offset in the
Statement of
Assets and
Liabilities		   Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts
Available for Offset		   Collateral, Due
from Broker		   Net Amount
Commodity price                        
Soybean futures contracts   $ 238,662   $ —   $ 238,662   $ 16,175   $ 222,487   $ —
Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

The following is a summary of realized and net change in unrealized gains (losses) of the derivative instruments utilized by the Fund:

 

Year ended December 31, 2016

 

          Net Change in Unrealized
    Realized Gain on   Appreciation or Depreciation on
    Commodity Futures Contracts   Commodity Futures Contacts
Commodity Price            
Soybean futures contracts   $ 939,088   $ 567,962

 

Year ended December 31, 2015

 

          Net Change in Unrealized
      Realized Loss on   Appreciation or Depreciation on
    Commodity Futures Contracts   Commodity Futures Contacts
Commodity Price            
Soybean futures contracts   $ (1,355,738 ) $ 54,526

 

Year ended December 31, 2014

 

          Net Change in Unrealized
    Realized Loss on   Appreciation or Depreciation on
    Commodity Futures Contracts   Commodity Futures Contacts
Commodity Price            
Soybean futures contracts   $ (278,763)   $ (88,150)
Teucrium Sugar Fund [Member]  
Schedule of Fair Value of Derivative Instruments

The following table also identifies the fair value amounts of derivative instruments included in the statements of assets and liabilities as derivative contracts, categorized by primary underlying risk and held by the FCM, ED&F Man as of December 31, 2016 and 2015.

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2016

 

    (i)     (ii)     (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                         
                          Gross Amount Not Offset in the
Statement of Assets and Liabilities		    
                                         
Description   Gross Amount
of Recognized
Assets		     Gross Amount
Offset in the
Statement of
Assets and
Liabilities		     Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts Available for Offset   Collateral, Due
to Broker		   Net Amount
Commodity price                                        
Sugar futures contracts   $ 185,147     $ —     $ 185,147   $ 185,147   $ —   $ —

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2016

 

    (i)     (ii)     (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                         
                          Gross Amount Not Offset in the
Statement of Assets and Liabilities		    
                                         
Description   Gross Amount
of Recognized
Liabilities		     Gross Amount
Offset in the
Statement of
Assets and
Liabilities		     Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts Available for Offset   Collateral, Due
from Broker		   Net Amount
Commodity price                                        
Sugar futures contracts   $ 331,542     $ —     $ 331,542   $ 185,147   $ 146,395   $ —

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2015

 

    (i)     (ii)     (iii) = (i) – (ii)   (iv)   (v) = (iii) – (iv)
                         
                          Gross Amount Not Offset in the
Statement of Assets and Liabilities		    
                                         
Description   Gross Amount
of Recognized
Assets		     Gross Amount
Offset in the
Statement of
Assets and
Liabilities		     Net Amount
Presented in the
Statement of
Assets and
Liabilities		   Futures Contracts Available for Offset   Collateral, Due
to Broker		   Net Amount
Commodity price                                        
Sugar futures contracts   $ 364,056     $ —     $ 364,056   $ —   $ —   $ 364,056
Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

The following is a summary of realized and net change in unrealized gains (losses) of the derivative instruments utilized by the Fund:

 

Year ended December 31, 2016

 

    Realized Gain on
Commodity Futures Contracts		     Net Change in Unrealized Appreciation or Depreciation on Commodity Futures Contacts  
Commodity Price            
Sugar futures contracts   $ 1,967,694     $ (510,451 )

 

Year ended December 31, 2015

 

    Realized Loss on
Commodity Futures Contracts		     Net Change in Unrealized Appreciation or Depreciation on Commodity Futures Contacts  
Commodity Price            
Sugar futures contracts   $ (1,279,891 )   $ 868,011  

 

Year ended December 31, 2014

 

    Realized Loss on
Commodity Futures Contracts		     Net Change in Unrealized Appreciation or Depreciation on Commodity Futures Contacts  
Commodity Price            
Sugar futures contracts   $ (131,410 )   $ (320,555 )
Teucrium Wheat Fund [Member]  
Schedule of Fair Value of Derivative Instruments

The following table also identifies the fair value amounts of derivative instruments included in the statements of assets and liabilities as derivative contracts, categorized by primary underlying risk and held by the FCM, ED&F Man as of December 31, 2016 and 2015.

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2016 

                                     
    (i)     (ii)     (iii) = (i) – (ii)     (iv)     (v) = (iii) – (iv)  
                                     
                      Gross Amount Not Offset in the
Statement of Assets and
Liabilities		        
Description   Gross Amount
of Recognized
Liabilities		     Gross Amount
Offset in the
Statement of
Assets and
Liabilities		     Net Amount
Presented in the
Statement of
Assets and
Liabilities		     Futures
Contracts
Available for
Offset		     Collateral, Due
from Broker		     Net Amount  
Commodity price                                                
Wheat futures contracts   $ 3,921,588     $ —     $ 3,921,588     $ —     $ 3,921,588     $ —  

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2015 

                                     
    (i)     (ii)     (iii) = (i) – (ii)     (iv)     (v) = (iii) – (iv)  
                                     
                      Gross Amount Not Offset in the
Statement of Assets and
Liabilities		        
Description   Gross Amount
of Recognized
Liabilities		     Gross Amount
Offset in the
Statement of
Assets and
Liabilities		     Net Amount
Presented in the
Statement of
Assets and
Liabilities		     Futures Contracts Available for Offset     Collateral, Due
from Broker		     Net Amount  
Commodity price                                                
Wheat futures contracts   $ 1,924,464     $ —     $ 1,924,464     $ —     $ 1,924,464     $ —  
Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

The following is a summary of realized and net change in unrealized gains (losses) of the derivative instruments utilized by the Fund:

 

Year ended December 31, 2016

 

            Net Change in Unrealized
      Realized Loss on     Appreciation or Depreciation on
      Commodity Futures Contracts     Commodity Futures Contacts
Commodity Price            
Wheat futures contracts   $ (9,631,400)   $ (1,997,125)

 

Year ended December 31, 2015

 

            Net Change in Unrealized
      Realized Loss on     Appreciation or Depreciation on
      Commodity Futures Contracts     Commodity Futures Contacts
Commodity Price            
Wheat futures contracts   $ (4,559,863)   $ (2,640,963)

 

Year ended December 31, 2014

 

            Net Change in Unrealized
      Realized Loss on     Appreciation or Depreciation on
      Commodity Futures Contracts     Commodity Futures Contacts
Commodity Price            
Wheat futures contracts   $ (2,486,162)   $ 1,415,175