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Statements of Operations - Teucrium Sugar Fund - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Realized and unrealized gain (loss) on trading of commodity and cryptocurrency futures contracts:      
Realized (loss) gain on commodity and cryptocurrency futures contracts $ (94,248,842) $ (43,176,670) $ 117,839,481
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts 12,703,858 (33,905,514) (29,744,871)
Interest income 17,736,627 10,664,323 541,938
Total (loss) income (63,808,357) (66,417,861) 88,636,548
Expenses      
Management fees 3,587,742 6,630,551 3,246,117
Professional fees 1,919,411 1,432,587 1,089,756
Distribution and marketing fees 4,007,582 4,075,048 3,281,450
Custodian fees and expenses 428,243 410,660 363,000
Business permits and licenses fees 141,582 157,326 123,465
General and administrative expenses 281,413 323,468 301,580
Other expenses 8 2,147 17
Total expenses 10,365,981 13,031,787 8,405,385
Expenses waived by the Sponsor (711,571) (1,277,037) (2,183,856)
Total expenses, net 9,654,410 11,754,750 6,221,529
Net (loss) income (73,462,767) (78,172,611) 82,415,019
Teucrium Sugar Fund [Member]      
Realized and unrealized gain (loss) on trading of commodity and cryptocurrency futures contracts:      
Realized (loss) gain on commodity and cryptocurrency futures contracts 11,398,276 (442,477) 6,223,228
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts (3,514,199) (172,519) (408,983)
Interest income 1,340,056 452,734 27,813
Total (loss) income 9,224,133 (162,262) 5,842,058
Expenses      
Management fees 267,574 278,028 204,160
Professional fees 251,061 77,992 60,302
Distribution and marketing fees 268,576 168,266 177,047
Custodian fees and expenses 27,216 15,692 18,782
Business permits and licenses fees 22,148 28,238 26,423
General and administrative expenses 22,598 20,254 22,387
Other expenses 0 0 8
Total expenses 859,173 588,470 509,109
Expenses waived by the Sponsor 0 (78,237) (134,294)
Total expenses, net 859,173 510,233 374,815
Net (loss) income $ 8,364,960 $ (672,495) $ 5,467,243
Net (loss) gain per share (in dollars per share) $ 2.92 $ 0.28 $ 2.51
Net (loss) gain per weighted average share (in dollars per share) $ 3.98 $ (0.22) $ 2.28
Weighted average shares outstanding (in shares) 2,104,388 2,995,004 2,396,442