Note 4 - Fair Value Measurements - Teucrium Wheat Fund (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets:	Level 1		Level 2		Level 3		Balance as of September 30, 2023
Cash Equivalents	$	293,773,799	$	-	$	-	$	293,773,799
Commodity and Cryptocurrency Futures Contracts
Soybean futures contracts		134,775		-		-		134,775
Sugar futures contracts		1,866,449		-		-		1,866,449
Bitcoin futures contracts		19,483		-		-		19,483
Total	$	295,794,506	$	-	$	-	$	295,794,506

Liabilities	Level 1		Level 2		Level 3		Balance as of September 30, 2023
Commodity and Cryptocurrency Futures Contracts
Corn futures contracts	$	2,120,882	$	-	$	-	$	2,120,882
Soybean futures contracts		510,168		-		-		510,168
Sugar futures contracts		107,186		-		-		107,186
Wheat futures contracts		23,185,502		-		-		23,185,502
Total	$	25,923,738	$	-	$	-	$	25,923,738

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2022
Cash Equivalents	$	388,000,477	$	-	$	-	$	388,000,477
Commodity and Cryptocurrency Futures Contracts
Corn futures contracts		1,585,798		-		-		1,585,798
Soybean futures contracts		2,520,370		-		-		2,520,370
Sugar futures contracts		911,329		-		-		911,329
Wheat futures contracts		3,160,732		-		-		3,160,732
Bitcoin futures contracts		29,152		-		-		29,152
Total	$	396,207,858	$	-	$	-	$	396,207,858

Liabilities	Level 1		Level 2		Level 3		Balance as of December 31, 2022
Cash Equivalents
Commodity and Cryptocurrency Futures Contracts
Corn futures contracts	$	2,967,103	$	-	$	-	$	2,967,103
Sugar futures contracts		85,128		-		-		85,128
Wheat futures contracts		26,380,838		-		-		26,380,838
Total	$	29,433,069	$	-	$	-	$	29,433,069

Teucrium Wheat Fund [Member]

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

							Balance as of
Assets:	Level 1		Level 2		Level 3		September 30, 2023
Cash Equivalents	$	172,439,103	$	-	$	-	$	172,439,103

							Balance as of
Liabilities	Level 1		Level 2		Level 3		September 30, 2023
Commodity Futures Contracts
Wheat futures contracts	$	23,185,502	$	-	$	-	$	23,185,502

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2022
Cash Equivalents	$	197,420,841	$	-	$	-	$	197,420,841
Commodity Futures Contracts
Wheat futures contracts		3,160,732		-		-		3,160,732
Total	$	200,581,573	$	-	$	-	$	200,581,573

							Balance as of
Liabilities	Level 1		Level 2		Level 3		December 31, 2022
Wheat futures contracts	$	26,380,838	$	-	$	-	$	26,380,838