Schedule of Investments (Unaudited) - Teucrium Wheat Fund

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Schedule of Investments [Text Block]

TEUCRIUM COMMODITY TRUST

COMBINED SCHEDULE OF INVESTMENTS

March 31, 2024

(Unaudited)

								Percentage of
Description: Assets	Yield			Cost		Fair Value		Net Assets			Shares
Cash equivalents
Money market funds
U.S. Bank Deposit Account		5.240	%	$	22,987,077	$	22,987,077		8.28	%		22,987,077
Goldman Sachs Financial Square Government Fund - Institutional Class		5.210	%		82,672,927		82,672,927		29.76			82,672,927
Total money market funds				$	105,660,004	$	105,660,004		38.04	%

	Maturity								Percentage of			Principal
	Date	Yield			Cost		Fair Value		Net Assets			Amount
Commercial Paper
American Electric Power Company, Inc.	June 12, 2024		5.465	%	$	4,941,190	$	4,946,401		1.78	%		5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	April 23, 2024		5.844	%		2,465,045		2,491,261		0.90			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 7, 2024		5.834	%		2,465,106		2,485,725		0.89			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 9, 2024		5.710	%		4,946,334		4,970,444		1.79			5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 14, 2024		5.782	%		2,464,625		2,483,098		0.89			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 16, 2024		5.772	%		4,929,376		4,964,688		1.79			5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 22, 2024		5.780	%		2,466,590		2,479,954		0.89			2,500,000
Campbell Soup Company	May 1, 2024		5.601	%		4,955,696		4,977,084		1.79			5,000,000
The Cigna Group	April 5, 2024		5.501	%		2,970,300		2,998,200		1.08			3,000,000
Crown Castle Inc.	April 18, 2024		5.530	%		9,945,600		9,974,312		3.59			10,000,000
EIDP, Inc.	May 23, 2024		5.314	%		4,934,875		4,962,372		1.79			5,000,000
FMC Corporation	April 22, 2024		5.755	%		2,487,815		2,491,746		0.90			2,500,000
General Motors Financial Company, Inc.	April 23, 2024		5.511	%		4,932,500		4,983,500		1.79			5,000,000
General Motors Financial Company, Inc.	April 29, 2024		5.408	%		3,465,928		3,485,545		1.25			3,500,000
Glencore Funding LLC	April 16, 2024		5.490	%		7,456,125		7,483,125		2.69			7,500,000
Glencore Funding LLC	April 30, 2024		5.493	%		4,964,750		4,978,250		1.79			5,000,000
Glencore Funding LLC	May 10, 2024		5.475	%		7,440,597		7,456,287		2.68			7,500,000
Harley-Davidson Financial Services, Inc.	April 26, 2024		5.700	%		2,482,111		2,490,278		0.90			2,500,000
Harley-Davidson Financial Services, Inc.	May 16, 2024		5.815	%		4,943,792		4,964,376		1.79			5,000,000
National Fuel Gas Company	April 4, 2024		5.544	%		7,476,113		7,496,588		2.70			7,500,000
Stanley Black & Decker, Inc.	April 4, 2024		5.604	%		4,987,734		4,997,700		1.80			5,000,000
VW Credit, Inc.	April 11, 2024		5.511	%		9,865,000		9,985,000		3.59			10,000,000
VW Credit, Inc.	May 16, 2024		5.402	%		4,943,320		4,966,876		1.45			5,000,000
WGL Holdings, Inc.	April 15, 2024		5.616	%		4,984,640		4,989,248		1.46			5,000,000
Total Commercial Paper					$	117,915,162	$	118,502,058		41.97	%
Total Cash Equivalents							$	224,162,062		80.01	%

	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 SEP24		901	$	154,412		0.06	%	$	20,925,725
United States wheat futures contracts
CBOT wheat futures SEP24		1,599		1,513,306		0.54			47,290,425
Total commodity and cryptocurrency futures contracts			$	1,667,718		0.60	%	$	68,216,150

	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 JUL24		1,072	$	2,021,501		0.73	%	$	24,361,200
CBOT Corn Futures DEC24		1,022		1,911,222		0.69			24,413,025
United States soybean futures contracts
CBOT soybean futures JUL24		197		308,999		0.11			11,871,713
CBOT soybean futures NOV24		172		478,846		0.17			10,201,750
CBOT soybean futures NOV25		204		7,131		0.00			11,860,050
United States sugar futures contracts
ICE sugar futures JUL24		234		594,646		0.21			5,805,072
ICE sugar futures OCT24		201		83,984		0.03			4,963,896
ICE sugar futures MAR25		233		135,771		0.05			5,769,826
United States wheat futures contracts
CBOT wheat futures JUL24		1,915		3,610,065		1.30			55,128,063
CBOT wheat futures DEC24		1,800		9,199,877		3.31			55,080,000
Total commodity and cryptocurrency futures contracts			$	18,352,042		6.60	%	$	209,454,595

					Percentage of
Exchange-traded funds*	Cost		Fair Value		Net Assets			Shares
Teucrium Corn Fund			$	3,661,367		1.32	%		181,115
Teucrium Soybean Fund				3,574,703		1.29			142,076
Teucrium Sugar Fund				3,605,828		1.30			267,233
Teucrium Wheat Fund				3,673,518		1.32			682,062
Total exchange-traded funds	$	16,068,429	$	14,515,416		5.23	%

*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 other four Funds (“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, 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 Wheat Fund [Member]

Notes to Financial Statements

Schedule of Investments [Text Block]

TEUCRIUM WHEAT FUND

SCHEDULE OF INVESTMENTS

March 31, 2024

(Unaudited)

								Percentage of
Description: Assets	Yield			Cost		Fair Value		Net Assets			Shares
Cash equivalents
Money market funds
U.S. Bank Deposit Account		5.240	%	$	10,758,845	$	10,758,845		6.83	%		10,758,845
Goldman Sachs Financial Square Government Fund - Institutional Class		5.210	%		57,722,055		57,722,055		36.64			57,722,055
Total money market funds				$	68,480,900	$	68,480,900		43.47	%

	Maturity								Percentage of			Principal
	Date	Yield			Cost		Fair Value		Net Assets			Amount
Commercial Paper
American Electric Power Company, Inc.	June 12, 2024		5.465	%	$	4,941,190	$	4,946,401		3.14	%		5,000,000
Brookfield Infrastructure Holdings (Canada) Inc.	April 23, 2024		5.844	%		2,465,045		2,491,261		1.58			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 7, 2024		5.834	%		2,465,106		2,485,725		1.58			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 9, 2024		5.710	%		2,473,167		2,485,222		1.58			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 16, 2024		5.772	%		2,464,688		2,482,344		1.58			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	May 22, 2024		5.780	%		2,466,590		2,479,954		1.57			2,500,000
The Cigna Group	April 5, 2024		5.501	%		2,475,250		2,498,500		1.59			2,500,000
Crown Castle Inc.	April 18, 2024		5.530	%		4,972,800		4,987,156		3.17			5,000,000
EIDP, Inc.	May 23, 2024		5.314	%		4,934,875		4,962,372		3.15			5,000,000
General Motors Financial Company, Inc.	April 23, 2024		5.511	%		4,932,500		4,983,500		3.16			5,000,000
General Motors Financial Company, Inc.	April 29, 2024		5.408	%		990,265		995,870		0.63			1,000,000
Glencore Funding LLC	April 16, 2024		5.490	%		2,485,375		2,494,375		1.58			2,500,000
Glencore Funding LLC	April 30, 2024		5.493	%		2,482,375		2,489,125		1.58			2,500,000
Glencore Funding LLC	May 10, 2024		5.475	%		2,480,199		2,485,429		1.58			2,500,000
Harley-Davidson Financial Services, Inc.	April 26, 2024		5.700	%		2,482,111		2,490,278		1.58			2,500,000
Harley-Davidson Financial Services, Inc.	May 16, 2024		5.815	%		2,471,896		2,482,188		1.58			2,500,000
National Fuel Gas Company	April 4, 2024		5.544	%		4,984,075		4,997,725		3.17			5,000,000
VW Credit, Inc.	April 11, 2024		5.511	%		4,932,500		4,992,500		3.17			5,000,000
VW Credit, Inc.	May 16, 2024		5.402	%		2,471,660		2,483,438		1.58			2,500,000
WGL Holdings, Inc.	April 15, 2024		5.616	%		2,492,320		2,494,624		1.58			2,500,000
Total Commercial Paper					$	62,863,987	$	63,207,987		40.13	%
Total Cash Equivalents							$	131,688,887		83.60	%

	Number of				Percentage of			Notional Amount
	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity futures contracts
United States wheat futures contracts
CBOT wheat futures SEP24		1,599	$	1,513,306		0.96	%	$	47,290,425

	Number of				Percentage of			Notional Amount
Description: Liabilities	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity futures contracts
United States wheat futures contracts
CBOT wheat futures JUL24		1,915	$	3,610,065		2.29	%	$	55,128,063
CBOT wheat futures DEC24		1,800		9,199,877		5.84			55,080,000
Total commodity futures contracts			$	12,809,942		8.13	%	$	110,208,063

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

TEUCRIUM WHEAT FUND

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	%	$	27,315,653	$	27,315,653		14.83	%		27,315,653
Goldman Sachs Financial Square Government Fund - Institutional Class		5.250	%		53,500,438		53,500,438		29.05			53,500,438
Total money market funds				$	80,816,091	$	80,816,091		43.88	%

	Maturity								Percentage of			Principal
	Date	Yield			Cost		Fair Value		Net Assets			Amount
Commercial Paper
Albemarle Corporation	January 4, 2024		5.753	%	$	2,480,382	$	2,498,823		1.36	%		2,500,000
Albemarle Corporation	January 8, 2024		5.738	%		2,476,151		2,497,263		1.36			2,500,000
Albemarle Corporation	January 11, 2024		5.808	%		2,478,230		2,496,041		1.36			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 16, 2024		5.853	%		2,466,575		2,494,031		1.35			2,500,000
Brookfield Infrastructure Holdings (Canada) Inc.	January 30, 2024		5.814	%		2,481,364		2,488,501		1.35			2,500,000
Entergy Corporation	March 1, 2024		5.665	%		2,467,625		2,476,875		1.34			2,500,000
General Motors Financial Company, Inc.	January 18, 2024		5.617	%		7,420,795		7,480,486		4.06			7,500,000
General Motors Financial Company, Inc.	January 24, 2024		5.661	%		4,941,417		4,982,271		2.71			5,000,000
General Motors Financial Company, Inc.	February 9, 2024		5.700	%		7,397,667		7,454,648		4.05			7,500,000
Harley-Davidson Financial Services, Inc.	January 9, 2024		5.843	%		2,474,533		2,496,817		1.36			2,500,000
Harley-Davidson Financial Services, Inc.	February 1, 2024		5.867	%		2,480,400		2,487,600		1.35			2,500,000
Harley-Davidson Financial Services, Inc.	February 14, 2024		5.927	%		4,947,549		4,964,494		2.70			5,000,000
National Fuel Gas Company	January 26, 2024		5.941	%		2,478,948		2,489,879		1.35			2,500,000
Oracle Corporation	March 6, 2024		5.562	%		2,467,452		2,475,399		1.34			2,500,000
Stanley Black & Decker, Inc.	January 22, 2024		5.807	%		4,958,042		4,983,375		2.71			5,000,000
V.F. Corporation	January 17, 2024		5.674	%		4,936,679		4,987,645		2.71			5,000,000
V.F. Corporation	January 18, 2024		5.606	%		2,473,646		2,493,507		1.35			2,500,000
V.F. Corporation	January 25, 2024		5.910	%		4,928,362		4,950,783		2.69			4,970,000
WGL Holdings, Inc.	January 3, 2024		5.793	%		2,490,896		2,499,208		1.36			2,500,000
WGL Holdings, Inc.	January 12, 2024		5.849	%		2,487,222		2,495,608		1.36			2,500,000
Walgreens Boots Alliance, Inc.	January 12, 2024		6.028	%		5,465,631		5,490,051		2.98			5,500,000
Total Commercial Paper					$	77,199,566	$	77,683,305		42.20	%
Total Cash Equivalents							$	158,499,396		86.08	%

	Number of				Percentage of			Notional Amount
	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity futures contracts
United States wheat futures contracts
CBOT wheat futures MAY24		2,018	$	363,500		0.20	%	$	64,525,550
CBOT wheat futures JUL24		1,711		1,873,993		1.02			55,243,913
Total commodity futures contracts			$	2,237,493		1.22	%	$	119,769,463

	Number of				Percentage of			Notional Amount
Description: Liabilities	Contracts		Fair Value		Net Assets			(Long Exposure)
Commodity futures contracts
United States wheat futures contracts
CBOT wheat futures DEC24		1,924	$	4,575,666		2.48	%	$	64,357,800

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