Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Teucrium Commodity Trust - Combined [Member]

Schedule of Assets and Liabilities Measured at Fair Value

The following table presents information about the Trust’s assets and liabilities measured at fair value as of March 31, 2017 and December 31, 2016:

March 31, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		March 31, 2017
Cash equivalents	$	318,571	$	—	$	—	$	318,571
Commodity futures contracts
Soybean futures contracts		3,188		—		—		3,188
Total	$	321,759	$	—	$	—	$	321,759

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		March 31, 2017
Commodity futures contracts
Corn futures contracts	$	520,550	$	—	$	—	$	520,550
Soybean futures contracts		488,863		—		—		488,863
Sugar futures contracts		523,320		—		—		523,320
Wheat futures contracts		2,958,875		—		—		2,958,875
Total	$	4,491,608	$	—	$	—	$	4,491,608

December 31, 2016

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2016
Cash equivalents	$	1,412,423	$	—	$	—	$	1,412,423
Commodity futures contracts
Soybean futures contracts		357,500		—		—		357,500
Sugar futures contracts		185,147		—		—		185,147
Total	$	1,955,070	$	—	$	—	$	1,955,070

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2016
Commodity futures contracts
Corn futures contracts	$	1,460,800	$	—	$	—	$	1,460,800
Soybean futures contracts		12,025		—		—		12,025
Sugar futures contracts		331,542		—		—		331,542
Wheat futures contracts		3,921,588		—		—		3,921,588
Total	$	5,725,955	$	—	$	—	$	5,725,955

Teucrium Corn Fund [Member]

Schedule of Assets and Liabilities Measured at Fair Value

The following table presents information about the Fund’s assets and liabilities measured at fair value as of March 31, 2017 and December 31, 2016:

March 31, 2017 

							Balance as of
Assets:	Level 1		Level 2		Level 3		March 31, 2017
Cash equivalents	$	221,593	$	—	$	—	$	221,593
							Balance as of
Liabilities:	Level 1		Level 2		Level 3		March 31, 2017
Corn futures contracts	$	520,550	$	—	$	—	$	520,550
December 31, 2016
							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2016
Cash equivalents	$	692,293	$	—	$	—	$	692,293
							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2016
Corn futures contracts	$	1,460,800	$	—	$	—	$	1,460,800

Teucrium Soybean Fund [Member]

Schedule of Assets and Liabilities Measured at Fair Value

The following table presents information about the Fund’s assets and liabilities measured at fair value as of March 31, 2017 and December 31, 2016:

March 31, 2017

Assets:	Level 1		Level 2		Level 3		Balance as of March 31, 2017
Cash equivalents	$	6,917	$	—	$	—	$	6,917
Soybean futures contracts		3,188		—		—		3,188
Total	$	10,105	$	—	$	—	$	10,105

Liabilities:	Level 1		Level 2		Level 3		Balance as of March 31, 2017
Soybean futures contracts	$	488,863	$	—	$	—	$	488,863

December 31, 2016 

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2016
Cash equivalents	$	185,661	$	—	$	—	$	185,661
Soybean futures contracts		357,500		—		—		357,500
Total	$	543,161	$	—	$	—	$	543,161

Liabilities:	Level 1		Level 2		Level 3		Balance as of December 31, 2016
Soybean futures contracts	$	12,025	$	—	$	—	$	12,025

Teucrium Sugar Fund [Member]

Schedule of Assets and Liabilities Measured at Fair Value

The following table presents information about the Fund’s assets and liabilities measured at fair value as of March 31, 2017 and December 31, 2016:

March 31, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		March 31, 2017
Cash equivalents	$	78,978	$	—	$	—	$	78,978

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		March 31, 2017
Sugar futures contracts	$	523,320	$	—	$	—	$	523,320

December 31, 2016

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2016
Cash equivalents	$	125,182	$	—	$	—	$	125,182
Sugar futures contracts		185,147		—		—		185,147
Total	$	310,329	$	—	$	—	$	310,329

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2016
Sugar futures contracts	$	331,542	$	—	$	—	$	331,542

Teucrium Wheat Fund [Member]

Schedule of Assets and Liabilities Measured at Fair Value

The Fund’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Fund’s significant accounting policies in Note 3. The following table presents information about the Fund’s assets and liabilities measured at fair value as of March 31, 2017 and December 31, 2016:

March 31, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		March 31, 2017
Cash equivalents	$	9,018	$	—	$	—	$	9,018
							Balance as of
Liabilities:	Level 1		Level 2		Level 3		March 31, 2017
Wheat futures contracts	$	2,958,875	$	—	$	—	$	2,958,875

December 31, 2016

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2016
Cash equivalents	$	406,927	$	—	$	—	$	406,927
							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2016
Wheat futures contracts	$	3,921,588	$	—	$	—	$	3,921,588

Teucrium Agricultural Fund [Member]

Schedule of Assets and Liabilities Measured at Fair Value

The Fund’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Fund’s significant accounting policies in Note 3. The following table presents information about the Fund’s assets and liabilities measured at fair value as of March 31, 2017 and December 31, 2016:

March 31, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		March 31, 2017
Exchange-traded funds	$	1,273,720	$	—	$	—	$	1,273,720
Cash equivalents		2,065		—		—		2,065
Total	$	1,275,785	$	—	$	—	$	1,275,785

December 31, 2016

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2016
Exchange-traded funds	$	1,313,554	$	—	$	—	$	1,313,554
Cash equivalents		2,360		—		—		2,360
Total	$	1,315,914	$	—	$	—	$	1,315,914