Combined Schedule of Investments

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Schedule of Investments [Text Block]

TEUCRIUM COMMODITY TRUST

COMBINED SCHEDULE OF INVESTMENTS

December 31, 2023

								Percentage of
Description: Assets	Yield			Cost		Fair Value		Net Assets			Shares
Cash equivalents
Money market funds
U.S. Bank Deposit Account		5.270	%	$	39,325,186	$	39,325,186		12.50	%		39,325,186
Goldman Sachs Financial Square Government Fund - Institutional Class		5.250	%		80,722,654		80,722,654		25.66			80,722,654
Total money market funds				$	120,047,840	$	120,047,840		38.16	%

	Maturity								Percentage of			Principal
	Date	Yield			Cost		Fair Value		Net Assets			Amount
Commercial Paper
Albemarle Corporation	January 3, 2024		5.770	%	$	4,950,475	$	4,998,428		1.59	%		5,000,000
Albemarle Corporation	January 4, 2024		5.753	%		4,960,764		4,997,646		1.59			5,000,000
Albemarle Corporation	January 8, 2024		5.738	%		4,952,302		4,994,526		1.59			5,000,000
Albemarle Corporation	January 11, 2024		5.808	%		4,956,460		4,992,083		1.59			5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 9, 2024		5.794	%		4,979,416		4,993,666		1.59			5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 16, 2024		5.853	%		4,933,150		4,988,062		1.59			5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 30, 2024		5.814	%		3,032,227		3,040,948		0.97			3,055,000
Entergy Corporation	March 1, 2024		5.665	%		7,402,875		7,430,625		2.36			7,500,000
FMC Corporation	January 19, 2024		5.816	%		7,466,634		7,478,550		2.38			7,500,000
General Motors Financial Company, Inc.	January 18, 2024		5.617	%		7,420,795		7,480,486		2.38			7,500,000
General Motors Financial Company, Inc.	January 24, 2024		5.661	%		4,941,417		4,982,271		1.58			5,000,000
General Motors Financial Company, Inc.	February 9, 2024		5.700	%		7,397,667		7,454,648		2.37			7,500,000
Harley-Davidson Financial Services, Inc.	January 9, 2024		5.843	%		4,949,066		4,993,634		1.59			5,000,000
Harley-Davidson Financial Services, Inc.	February 1, 2024		5.867	%		7,441,200		7,462,800		2.37			7,500,000
Harley-Davidson Financial Services, Inc.	February 14, 2024		5.927	%		7,421,323		7,446,741		2.37			7,500,000
National Fuel Gas Company	January 8, 2024		5.867	%		4,960,800		4,994,400		1.59			5,000,000
National Fuel Gas Company	January 26, 2024		5.941	%		2,478,948		2,489,879		0.79			2,500,000
Oracle Corporation	March 6, 2024		5.562	%		4,934,904		4,950,799		1.57			5,000,000
Stanley Black & Decker, Inc.	January 22, 2024		5.807	%		7,437,063		7,475,063		2.38			7,500,000
V.F. Corporation	January 17, 2024		5.674	%		4,936,679		4,987,645		1.59			5,000,000
V.F. Corporation	January 18, 2024		5.606	%		4,947,292		4,987,014		1.59			5,000,000
V.F. Corporation	January 25, 2024		5.910	%		4,928,362		4,950,783		1.57			4,970,000
WGL Holdings, Inc.	January 3, 2024		5.793	%		4,981,792		4,998,416		1.59			5,000,000
WGL Holdings, Inc.	January 12, 2024		5.849	%		7,461,666		7,486,824		2.38			7,500,000
Walgreens Boots Alliance, Inc.	January 12, 2024		6.028	%		7,950,009		7,985,529		2.54			8,000,000
Total Commercial Paper					$	142,223,286	$	143,041,466		45.50	%
Total Cash Equivalents							$	263,089,306		83.66	%

	Number of				Percentage of			Notional Amount
	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity and Cryptocurrency futures contracts
United States wheat futures contracts
CBOT wheat futures MAY24		2,018	$	363,500		0.12	%	$	64,525,550
CBOT wheat futures JUL24		1,711		1,873,993		0.60			55,243,913
United States CME Bitcoin futures contracts
CME Bitcoin futures JAN24		6		129,519		0.04			1,274,550
Total commodity and cryptocurrency futures contracts			$	2,367,012		0.76	%	$	121,044,013

	Number of				Percentage of			Notional Amount
Description: Liabilities	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity and Cryptocurrency futures contracts
United States corn futures contracts
CBOT corn futures MAY24		1,171	$	1,102,254		0.35	%	$	28,338,200
CBOT corn futures JUL24		983		384,407		0.12			24,280,100
CBOT corn futures DEC24		1,128		695,480		0.22			28,397,400
United States soybean futures contracts
CBOT soybean futures MAR24		156		617,118		0.20			10,124,400
CBOT soybean futures MAY24		133		633,749		0.20			8,693,213
CBOT soybean futures NOV24		164		140,794		0.04			10,215,150
United States sugar futures contracts
ICE sugar futures MAY24		270		1,051,261		0.33			6,175,008
ICE sugar futures JUL24		233		1,128,473		0.36			5,326,193
ICE sugar futures MAR25		268		508,264		0.16			6,216,314
United States wheat futures contracts
CBOT wheat futures DEC24		1,924		4,575,666		1.45			64,357,800
United States CME Bitcoin futures contracts
CME Bitcoin futures FEB24		6		51,376		0.02			1,288,500
Total commodity and cryptocurrency futures contracts			$	10,888,842		3.45	%	$	193,412,278

					Percentage of
Exchange-traded funds*	Cost		Fair Value		Net Assets			Shares
Teucrium Corn Fund			$	4,567,949		1.45	%		211,348
Teucrium Soybean Fund				4,546,758		1.45			168,219
Teucrium Sugar Fund				4,624,253		1.47			371,871
Teucrium Wheat Fund				4,662,940		1.48			779,782
Total exchange-traded funds	$	19,469,359	$	18,401,900		5.85	%

*The Trust eliminates the shares owned by the Teucrium Agricultural Fund from its combined statements of assets and liabilities due to the fact that these represent holdings of the Underlying Funds owned by the Teucrium Agricultural Fund, which are included as shares outstanding of the Underlying Funds.

The accompanying notes are an integral part of these financial statements.

TEUCRIUM COMMODITY TRUST

COMBINED SCHEDULE OF INVESTMENTS

December 31, 2022

								Percentage of
Description: Assets	Yield			Cost		Fair Value		Net Assets			Shares
Cash equivalents
Money market funds
First American Government Obligations Fund - Class X		4.105	%	$	28,382,122	$	28,382,122		6.10	%		28,382,122
Goldman Sachs Financial Square Government Fund - Institutional Class		4.140	%		160,258,295		160,258,295		34.44			160,258,295
Total money market funds				$	188,640,417	$	188,640,417		40.54	%

	Maturity								Percentage of			Principal
	Date	Yield			Cost		Fair Value		Net Assets			Amount
Commercial Paper
American Electric Power Company, Inc.	January 17, 2023		4.565	%	$	4,968,750	$	4,990,000		1.07	%		5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 17, 2023		4.742	%		14,877,488		14,968,886		3.22			15,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 17, 2023		4.734	%		4,959,225		4,989,644		1.07			5,000,000
CNH Industrial Capital LLC	January 23, 2023		4.566	%		9,935,000		9,972,500		2.14			10,000,000
CNH Industrial Capital LLC	February 13, 2023		4.780	%		9,899,472		9,943,862		2.14			10,000,000
Crown Castle Inc.	January 10, 2023		4.877	%		7,443,000		7,491,000		1.61			7,500,000
Crown Castle Inc.	January 12, 2023		4.765	%		12,449,410		12,482,050		2.68			12,500,000
Entergy Corporation	January 4, 2023		4.311	%		9,926,808		9,996,460		2.15			10,000,000
General Motors Financial Company, Inc.	January 10, 2023		4.276	%		12,400,060		12,486,207		2.68			12,500,000
General Motors Financial Company, Inc.	January 18, 2023		4.473	%		7,418,417		7,484,417		1.61			7,500,000
Glencore Funding LLC	January 10, 2023		4.506	%		9,934,607		9,988,895		2.15			10,000,000
Glencore Funding LLC	January 13, 2023		4.526	%		5,461,843		5,491,823		1.18			5,500,000
Harley-Davidson Financial Services, Inc.	January 3, 2023		4.721	%		5,263,032		5,298,631		1.14			5,300,000
Harley-Davidson Financial Services, Inc.	January 25, 2023		4.944	%		7,458,402		7,475,650		1.61			7,500,000
Harley-Davidson Financial Services, Inc.	February 2, 2023		5.104	%		4,959,561		4,977,688		1.07			5,000,000
Humana Inc.	January 9, 2023		4.670	%		7,448,250		7,492,333		1.61			7,500,000
Hyundai Capital America	January 10, 2023		4.000	%		9,903,645		9,990,145		2.15			10,000,000
ITT Inc.	January 19, 2023		4.475	%		4,965,088		4,988,975		1.07			5,000,000
Jabil Inc.	January 13, 2023		5.073	%		4,980,555		4,991,667		1.07			5,000,000
Oracle Corporation	January 5, 2023		4.358	%		4,973,125		4,997,611		1.07			5,000,000
Oracle Corporation	January 17, 2023		4.361	%		9,931,919		9,980,889		2.14			10,000,000
V.F. Corporation	January 17, 2023		4.364	%		4,959,390		4,990,444		1.07			5,000,000
V.F. Corporation	February 2, 2023		4.669	%		6,456,811		6,473,422		1.39			6,500,000
VW Credit, Inc.	January 19, 2023		4.434	%		7,448,106		7,483,613		1.61			7,500,000
Walgreens Boots Alliance, Inc.	February 13, 2023		4.842	%		4,970,188		4,971,512		1.07			5,000,000
Walgreens Boots Alliance, Inc.	February 28, 2023		4.827	%		4,959,098		4,961,736		1.07			5,000,000
Total Commercial Paper					$	198,351,250	$	199,360,060		42.84	%
Total Cash Equivalents							$	388,000,477		83.37	%

	Number of				Percentage of			Notional Amount
	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity and Cryptocurrency futures contracts
United States corn futures contracts
CBOT corn futures JUL23		1,363	$	1,585,798		0.34	%	$	45,779,763
United States soybean futures contracts
CBOT soybean futures MAR23		268		642,912		0.14			20,421,600
CBOT soybean futures MAY23		229		807,218		0.17			17,518,500
CBOT soybean futures NOV23		289		1,070,240		0.23			20,472,038
United States sugar futures contracts
ICE sugar futures MAY23		401		356,963		0.08			8,407,526
ICE sugar futures JUL23		362		554,366		0.12			7,289,811
United States wheat futures contracts
CBOT wheat futures JUL23		1,711		3,160,732		0.68			68,696,650
United States CME Bitcoin futures contracts
CME Bitcoin futures JAN23		6		24,979		0.01			496,050
CME Bitcoin futures FEB23		7		4,173		0.00			575,575
Total commodity and cryptocurrency futures contracts			$	8,207,381		1.77	%	$	189,657,513

	Number of				Percentage of			Notional Amount
Description: Liabilities	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity and Cryptocurrency futures contracts
United States corn futures contracts
CBOT corn futures MAY23		1,575	$	751,309		0.16	%	$	53,392,500
CBOT corn futures DEC23		1,750		2,215,794		0.48			53,440,625
United States sugar futures contracts
ICE sugar futures MAR24		427		85,128		0.02			8,565,278
United States wheat futures contracts
CBOT wheat futures MAY23		2,005		7,079,231		1.52			80,074,688
CBOT wheat futures DEC23		1,956		19,301,607		4.15			80,220,450
Total commodity and cryptocurrency futures contracts			$	29,433,069		6.33	%	$	275,693,541

					Percentage of
Exchange-traded funds*	Cost		Fair Value		Net Assets			Shares
Teucrium Corn Fund			$	9,885,980		2.12	%		367,555
Teucrium Soybean Fund				9,921,042		2.13			348,075
Teucrium Sugar Fund				9,745,653		2.09			1,024,284
Teucrium Wheat Fund				10,020,023		2.15			1,254,840
Total exchange-traded funds	$	39,425,287	$	39,572,698		8.49	%

*The Trust eliminates the shares owned by the Teucrium Agricultural Fund from its combined statements of assets and liabilities due to the fact that these represent holdings of the Underlying Funds owned by the Teucrium Agricultural Fund, which are included as shares outstanding of the Underlying Funds.

The accompanying notes are an integral part of these financial statements.