Note 5 - Derivative Instruments and Hedging Activities - Teucrium Wheat Fund (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Offsetting of Financial Assets and Derivative Assets as of March 31, 2024
	(i)		(ii)		(iii) = (i-ii)		(iv)				(v) = (iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Corn futures contracts	$	154,412	$	-	$	154,412	$	154,412	$	-	$	-
Wheat futures contracts	$	1,513,306	$	-	$	1,513,306	$	1,513,306	$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2024
	(i)		(ii)		(iii) = (i-ii)		(iv)				(v) = (iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Liabilities		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due from Broker*		Net Amount
Commodity Price
Corn futures contracts	$	3,932,723	$	-	$	3,932,723	$	154,412	$	3,778,311	$	-
Soybean futures contracts	$	794,976	$	-	$	794,976	$	-	$	794,976	$	-
Sugar futures contracts	$	814,401	$	-	$	814,401	$	-	$	814,401	$	-
Wheat futures contracts	$	12,809,942	$	-	$	12,809,942	$	1,513,306	$	11,296,636	$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2023
	(i)		(ii)		(iii) = (i-ii)		(iv)				(v) = (iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity and Cryptocurrency Price
Wheat futures contracts	$	2,237,493	$	-	$	2,237,493	$	2,237,493	$	-	$	-
Bitcoin futures contracts	$	129,519	$	-	$	129,519	$	51,376	$	-	$	78,143

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2023
	(i)		(ii)		(iii) = (i-ii)		(iv)				(v) = (iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Liabilities		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due from Broker*		Net Amount
Commodity and Cryptocurrency Price
Corn futures contracts	$	2,182,141	$	-	$	2,182,141	$	-	$	2,182,141	$	-
Soybean futures contracts	$	1,391,661	$	-	$	1,391,661	$	-	$	1,391,661	$	-
Sugar futures contracts	$	2,687,998	$	-	$	2,687,998	$	-	$	2,687,998	$	-
Wheat futures contracts	$	4,575,666	$	-	$	4,575,666	$	2,237,493	$	2,338,173	$	-
Bitcoin futures contracts	$	51,376	$	-	$	51,376	$	51,376	$	-	$	-

Derivative Instruments, Gain (Loss) [Table Text Block]

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts
Commodity Price and Cryptocurrency Price
Corn futures contracts	$	(3,964,335	)	$	(1,596,170	)
Soybeans futures contracts		(2,632,854	)		596,685
Sugar futures contracts		(482,314	)		1,873,597
Wheat futures contracts		(10,037,305	)		(8,958,463	)
Bitcoin futures Contracts		(78,143	)		114,383
Total commodity and cryptocurrency futures contracts	$	(17,194,951	)	$	(7,969,968	)

	Realized (Loss) Gain on Commodity Futures Contracts			Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts
Commodity Price and Cryptocurrency Price
Corn futures contracts	$	(6,268,935	)	$	(3,299,360	)
Soybeans futures contracts		1,067,543			(3,699,642	)
Sugar futures contracts		1,339,448			3,139,817
Wheat futures contracts		(23,358,733	)		(2,092,562	)
Bitcoin futures Contracts		629,551			128,468
Total commodity and cryptocurrency futures contracts	$	(26,591,126	)	$	(5,823,279	)

Teucrium Wheat Fund [Member]

Notes Tables

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Wheat futures contracts	$	1,513,306	$	-	$	1,513,306	$	1,513,306	$	-	$	-

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Liabilities		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due from Broker*		Net Amount
Commodity Price
Wheat futures contracts	$	12,809,942	$	-	$	12,809,942	$	1,513,306	$	11,296,636	$	-

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Wheat futures contracts	$	2,237,493	$	-	$	2,237,493	$	2,237,493	$	-	$	-

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Liabilities		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due from Broker*		Net Amount
Commodity Price
Wheat futures contracts	$	4,575,666	$	-	$	4,575,666	$	2,237,493	$	2,338,173	$	-

Derivative Instruments, Gain (Loss) [Table Text Block]

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	(10,037,305	)	$	(8,958,463	)

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	(23,358,733	)	$	(2,092,562	)