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Statements of Operations - Teucrium Wheat 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 Wheat Fund [Member]      
Realized and unrealized gain (loss) on trading of commodity and cryptocurrency futures contracts:      
Realized (loss) gain on commodity and cryptocurrency futures contracts (81,189,435) (81,457,408) 18,418,461
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts 20,881,933 (26,279,809) (2,678,459)
Interest income 9,252,100 5,619,025 131,765
Total (loss) income (51,055,402) (102,118,192) 15,871,767
Expenses      
Management fees 1,878,763 3,549,506 809,682
Professional fees 532,146 663,700 201,641
Distribution and marketing fees 2,106,344 2,141,826 662,478
Custodian fees and expenses 226,411 228,096 74,742
Business permits and licenses fees 34,453 49,106 27,591
General and administrative expenses 139,454 123,180 60,012
Other expenses 0 2,108 0
Total expenses 4,917,571 6,757,522 1,836,146
Expenses waived by the Sponsor 0 (425,164) (307,565)
Total expenses, net 4,917,571 6,332,358 1,528,581
Net (loss) income $ (55,972,973) $ (108,450,550) $ 14,343,186
Net (loss) gain per share (in dollars per share) $ (2.01) $ 0.61 $ 1.22
Net (loss) gain per weighted average share (in dollars per share) $ (1.92) $ (2.86) $ 1.2
Weighted average shares outstanding (in shares) 29,084,936 37,882,059 11,913,086