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

3 Months Ended

Mar. 31, 2024

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 March 31, 2024
Cash Equivalents	$	224,162,062	$	-	$	-	$	224,162,062
Commodity Futures Contracts
Corn futures contracts		154,412		-		-		154,412
Wheat futures contracts		1,513,306		-		-		1,513,306
Total	$	225,829,780	$	-	$	-	$	225,829,780

Liabilities	Level 1		Level 2		Level 3		Balance as of March 31, 2024
Commodity Futures Contracts
Corn futures contracts	$	3,932,723	$	-	$	-	$	3,932,723
Soybean futures contracts		794,976		-		-		794,976
Sugar futures contracts		814,401		-		-		814,401
Wheat futures contracts		12,809,942		-		-		12,809,942
Total	$	18,352,042	$	-	$	-	$	18,352,042

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
Cash Equivalents
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

Teucrium Sugar 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		March 31, 2024
Cash Equivalents	$	12,019,032	$	-	$	-	$	12,019,032

							Balance as of
Liabilities	Level 1		Level 2		Level 3		March 31, 2024
Commodity Futures Contracts
Sugar futures contracts	$	814,401	$	-	$	-	$	814,401

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2023
Cash Equivalents	$	13,551,433	$	-	$	-	$	13,551,433

							Balance as of
Liabilities	Level 1		Level 2		Level 3		December 31, 2023
Sugar futures contracts	$	2,687,998	$	-	$	-	$	2,687,998