Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2017 and December 31, 2016:

June 30, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		June 30, 2017
Cash equivalents	$	175,662	$	—	$	—	$	175,662
Commodity futures contracts
Corn futures contracts		934,175		—		—		934,175
Soybean futures contracts		1,912		—		—		1,912
Sugar futures contracts		48,317		—		—		48,317
Wheat futures contracts		7,357,050		—		—		7,357,050
Total	$	8,517,116	$	—	$	—	$	8,517,116

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		June 30, 2017
Commodity futures contracts
Soybean futures contracts	$	108,600	$	—	$	—	$	108,600
Sugar futures contracts		785,669		—		—		785,669
Total	$	894,269	$	—	$	—	$	894,269

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 June 30, 2017 and December 31, 2016:

June 30, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		June 30, 2017
Cash equivalents		10,951		—		—		10,951
Corn futures contracts		934,175		—		—		934,175
Total	$	945,126	$	—	$	—	$	945,126

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 June 30, 2017 and December 31, 2016:

June 30, 2017

Assets:	Level 1		Level 2		Level 3		Balance as of June 30, 2017
Cash equivalents	$	151,120	$	—	$	—	$	151,120
Soybean futures contracts		1,912		—		—		1,912
Total	$	153,032	$	—	$	—	$	153,032

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		June 30, 2017
Soybean futures contracts	$	108,600	$	—	$	—	$	108,600

December 31, 2016 

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

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		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 June 30, 2017 and December 31, 2016:

June 30, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		June 30, 2017
Cash equivalents	$	4,677	$	—	$	—	$	4,677
Sugar futures contracts		48,317		—		—		48,317
Total	$	52,994	$	—	$	—	$	52,994

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		June 30, 2017
Sugar futures contracts	$	785,669	$	—	$	—	$	785,669

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 following table presents information about the Fund’s assets and liabilities measured at fair value as of June 30, 2017 and December 31, 2016:

June 30, 2017

Assets:	Level 1		Level 2		Level 3		Balance as of June 30, 2017
Cash equivalents	$	7,222	$	—	$	—	$	7,222
Wheat futures contracts		7,357,050		—		—		7,357,050
Total	$	7,364,272	$	—	$	—	$	7,364,272

December 31, 2016

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2016
Cash equivalents	$	406,927	$	—	$	—	$	406,927

Liabilities:	Level 1		Level 2		Level 3		Balance as of 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 following table presents information about the Fund’s assets and liabilities measured at fair value as of June 30, 2017 and December 31, 2016:

June 30, 2017

							Balance as of
Assets:	Level 1		Level 2		Level 3		June 30, 2017
Exchange-traded funds	$	1,253,644	$	—	$	—	$	1,253,644
Cash equivalents		1,692		—		—		1,692
Total	$	1,255,336	$	—	$	—	$	1,255,336

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