Note 5 - Derivative Instruments and Hedging Activities - Teucrium Sugar Fund (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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| Notes Tables |
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| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
| Offsetting of Financial Assets and Derivative Assets as of June 30, 2023 | |
| | | (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 and Cryptocurrency Price | | | | | | | | | | | | | | | | | | | | | | | | |
| Soybean futures contracts | | $ | 818,350 | | | $ | - | | | $ | 818,350 | | | $ | 685,954 | | | $ | - | | | $ | 132,396 | |
| Sugar futures contracts | | $ | 921,870 | | | $ | - | | | $ | 921,870 | | | $ | 97,357 | | | $ | - | | | $ | 824,513 | |
| Bitcoin futures contracts | | $ | 126,672 | | | $ | - | | | $ | 126,672 | | | $ | - | | | $ | - | | | $ | 126,672 | |
| Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2023 | |
| | | (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 and Cryptocurrency Price | | | | | | | | | | | | | | | | | | | | | | | | |
| Corn futures contracts | | $ | 13,427,593 | | | $ | - | | | $ | 13,427,593 | | | $ | - | | | $ | 13,427,593 | | | $ | - | |
| Soybean futures contracts | | $ | 685,954 | | | $ | - | | | $ | 685,954 | | | $ | 685,954 | | | $ | - | | | $ | - | |
| Sugar futures contracts | | $ | 97,357 | | | $ | - | | | $ | 97,357 | | | $ | 97,357 | | | $ | - | | | $ | - | |
| Wheat futures contracts | | $ | 23,351,829 | | | $ | - | | | $ | 23,351,829 | | | $ | - | | | $ | 23,351,829 | | | $ | - | |
| Offsetting of Financial Assets and Derivative Assets as of December 31, 2022 | |
| | | (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 and Cryptocurrency Price | | | | | | | | | | | | | | | | | | | | | | | | |
| Corn futures contracts | | $ | 1,585,798 | | | $ | - | | | $ | 1,585,798 | | | $ | 1,585,798 | | | $ | - | | | $ | - | |
| Soybean futures contracts | | $ | 2,520,370 | | | $ | - | | | $ | 2,520,370 | | | $ | - | | | $ | - | | | $ | 2,520,370 | |
| Sugar futures contracts | | $ | 911,329 | | | $ | - | | | $ | 911,329 | | | $ | 85,128 | | | $ | - | | | $ | 826,201 | |
| Wheat futures contracts | | $ | 3,160,732 | | | $ | - | | | $ | 3,160,732 | | | $ | 3,160,732 | | | $ | - | | | $ | - | |
| Bitcoin futures contracts | | $ | 29,152 | | | $ | - | | | $ | 29,152 | | | $ | - | | | $ | - | | | $ | 29,152 | |
| Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2022 | |
| | | (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 and Cryptocurrency Price | | | | | | | | | | | | | | | | | | | | | | | | |
| Corn futures contracts | | $ | 2,967,103 | | | $ | - | | | $ | 2,967,103 | | | $ | 1,585,798 | | | $ | 1,381,305 | | | $ | - | |
| Sugar futures contracts | | $ | 85,128 | | | $ | - | | | $ | 85,128 | | | $ | 85,128 | | | $ | - | | | $ | - | |
| Wheat futures contracts | | $ | 26,380,838 | | | $ | - | | | $ | 26,380,838 | | | $ | 3,160,732 | | | $ | 23,220,106 | | | $ | - | |
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| Derivative Instruments, Gain (Loss) [Table Text Block] |
| | | Realized (Loss) Gain on Commodity Futures Contracts | | | Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Corn futures contracts | | $ | (5,192,445 | ) | | $ | (8,746,928 | ) |
| Soybeans futures contracts | | | (1,108,023 | ) | | | 1,311,668 | |
| Sugar futures contracts | | | 7,408,174 | | | | (3,141,505 | ) |
| Wheat futures contracts | | | (17,129,061 | ) | | | 1,960,839 | |
| Bitcoin futures Contracts | | | 71,236 | | | | (30,948 | ) |
| Total commodity and cryptocurrency futures contracts | | $ | (15,950,119 | ) | | $ | (8,646,874 | ) |
| | | Realized Gain on Commodity Futures Contracts | | | Net Change in Unrealized Depreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Corn futures contracts | | $ | 22,454,084 | | | $ | (47,449,038 | ) |
| Soybeans futures contracts | | | 2,645,146 | | | | (2,827,976 | ) |
| Sugar futures contracts | | | 401,262 | | | | (2,174,684 | ) |
| Wheat futures contracts | | | 1,412,938 | | | | (60,209,162 | ) |
| Total commodity futures contracts | | $ | 26,913,430 | | | $ | (112,660,860 | ) |
| | | Realized (Loss) Gain on Commodity Futures Contracts | | | Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Corn futures contracts | | $ | (11,461,380 | ) | | $ | (12,046,288 | ) |
| Soybeans futures contracts | | | (40,479 | ) | | | (2,387,974 | ) |
| Sugar futures contracts | | | 8,747,622 | | | | (1,688 | ) |
| Wheat futures contracts | | | (40,487,794 | ) | | | (131,723 | ) |
| Bitcoin futures Contracts | | | 700,787 | | | | 97,520 | |
| Total commodity and cryptocurrency futures contracts | | $ | (42,541,244 | ) | | $ | (14,470,153 | ) |
| | | Realized Gain on Commodity Futures Contracts | | | Net Change in Unrealized Depreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Corn futures contracts | | $ | 39,023,065 | | | $ | (27,554,708 | ) |
| Soybeans futures contracts | | | 9,697,847 | | | | (1,913,259 | ) |
| Sugar futures contracts | | | 471,423 | | | | (1,266,942 | ) |
| Wheat futures contracts | | | 39,419,505 | | | | (97,060,524 | ) |
| Total commodity and cryptocurrency futures contracts | | $ | 88,611,840 | | | $ | (127,795,433 | ) |
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| Teucrium Sugar Fund [Member] |
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| Notes Tables |
|
| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
| | | (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 | | $ | 921,870 | | | $ | - | | | $ | 921,870 | | | $ | 97,357 | | | $ | - | | | $ | 824,513 | |
| | | (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 | | $ | 97,357 | | | $ | - | | | $ | 97,357 | | | $ | 97,357 | | | $ | - | | | $ | - | |
| | | (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 | | $ | 911,329 | | | $ | - | | | $ | 911,329 | | | $ | 85,128 | | | $ | - | | | $ | 826,201 | |
| | | (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 | | $ | 85,128 | | | $ | - | | | $ | 85,128 | | | $ | 85,128 | | | $ | - | | | $ | - | |
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| Derivative Instruments, Gain (Loss) [Table Text Block] |
| | | Realized Gain on Commodity Futures Contracts | | | Net Change in Unrealized Depreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Sugar futures contracts | | $ | 7,408,174 | | | $ | (3,141,505 | ) |
| | | Realized Gain on Commodity Futures Contracts | | | Net Change in Unrealized Depreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Sugar futures contracts | | $ | 401,262 | | | $ | (2,174,684 | ) |
| | | Realized Gain on Commodity Futures Contracts | | | Net Change in Unrealized Depreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Sugar futures contracts | | $ | 8,747,622 | | | $ | (1,688 | ) |
| | | Realized Gain on Commodity Futures Contracts | | | Net Change in Unrealized Depreciation on Commodity Futures Contracts | |
| Commodity Price | | | | | | | | |
| Sugar futures contracts | | $ | 471,423 | | | $ | (1,266,942 | ) |
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