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

12 Months Ended

Dec. 31, 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 December 31, 2023
Cash Equivalents	$	263,089,306	$	-	$	-	$	263,089,306
Commodity and Cryptocurrency Futures Contracts
Wheat futures contracts		2,237,493		-		-		2,237,493
Bitcoin futures contracts		129,519		-		-		129,519
Total	$	265,456,318	$	-	$	-	$	265,456,318

Liabilities:	Level 1		Level 2		Level 3		Balance as of December 31, 2023
Commodity and Cryptocurrency Futures Contracts
Corn futures contracts	$	2,182,141	$	-	$	-	$	2,182,141
Soybean futures contracts		1,391,661		-		-		1,391,661
Sugar futures contracts		2,687,998		-		-		2,687,998
Wheat futures contracts		4,575,666		-		-		4,575,666
Bitcoin futures contracts		51,376		-		-		51,376
Total	$	10,888,842	$	-	$	-	$	10,888,842

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2022
Cash Equivalents	$	388,000,477	$	-	$	-	$	388,000,477
Commodity 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
Commodity 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]

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2023
Cash Equivalents	$	158,499,396	$	-	$	-	$	158,499,396
Wheat futures contracts		2,237,493		-		-		2,237,493
Total	$	160,736,889	$	-	$	-	$	160,736,889

Liabilities:	Level 1		Level 2		Level 3		Balance as of December 31, 2023
Wheat futures contracts	$	4,575,666	$	-	$	-	$	4,575,666

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

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