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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
Teucrium Commodity Trust - Combined [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

December 31, 2017

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Cash Equivalents  $49,932,760   $—     $—     $49,932,760 
Commodity Futures Contracts                    
Corn futures contracts   120,487    —      —      120,487 
Sugar futures contracts   184,319    —      —      184,319 
Wheat futures contracts   604,475    —      —      604,475 
Total  $50,842,041   $—     $—     $50,842,041 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Commodity Futures Contracts                    
Corn futures contracts  $1,962,050   $—     $—     $1,962,050 
Soybeans futures contracts   448,063    —      —      448,063 
Sugar futures contracts   67,133    —      —      67,133 
Wheat futures contracts   3,200,525    —      —      3,200,525 
Total  $5,677,771   $—     $—     $5,677,771 

 

December 31, 2016

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Cash Equivalents  $1,412,423   $—     $—     $1,412,423 
Commodity Futures Contracts                    
Soybeans futures contracts   357,500    —      —      357,500 
Sugar futures contracts   185,147    —      —      185,147 
Total  $1,955,070   $—     $—     $1,955,070 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Commodity Futures Contracts                    
Corn futures contracts  $1,460,800   $—     $—     $1,460,800 
Soybeans futures contracts   12,025    —      —      12,025 
Sugar futures contracts   331,542    —      —      331,542 
Wheat futures contracts   3,921,588    —      —      3,921,588 
Total  $5,725,955   $—     $—     $5,725,955 

 
Teucrium Corn Fund [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

December 31, 2017        

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Cash Equivalents  $24,965,043   $—     $—     $24,965,043 
Corn Futures Contracts   120,487    —      —      120,487 
Total  $25,085,530   $—     $—     $25,085,530 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Corn Futures Contracts  $1,962,050   $—     $—     $1,962,050 

 

December 31, 2016        

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Cash equivalents  $692,293   $—     $—     $692,293 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Corn futures contracts  $1,460,800   $—     $—     $1,460,800 

 
Teucrium Soybean Fund [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

December 31, 2017

 

Assets:  Level 1  Level 2  Level 3  Balance as of
December 31, 2017
Cash Equivalents  $100   $—     $—     $100 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of
December 31, 2017
Soybeans futures contracts  $448,063   $—     $—     $448,063 

 

December 31, 2016

 

            Balance as of
Assets:  Level 1  Level 2  Level 3  December 31, 2016
Cash equivalents  $185,661   $—     $—     $185,661 
Soybean futures contracts   357,500    —      —      357,500 
 Total  $543,161   $—     $—     $543,161 

 

            Balance as of
Liabilities:  Level 1  Level 2  Level 3  December 31, 2016
Soybean futures contracts  $12,025   $—     $—     $12,025 

 
Teucrium Sugar Fund [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

December 31, 2017

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Cash Equivalents  $100   $—     $—     $100 
Sugar Futures Contracts   184,319    —      —      184,319 
Total  $184,419   $—     $—     $184,419 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Sugar Futures Contracts  $67,133   $—     $—     $67,133 

 

December 31, 2016

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Cash Equivalents  $125,182   $—     $—     $125,182 
Sugar Futures Contracts   185,147    —      —      185,147 
Total  $310,329   $—     $—     $310,329 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Sugar Futures Contracts  $331,542   $—     $—     $331,542 

 
Teucrium Wheat Fund [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

December 31, 2017

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Cash Equivalents  $24,965,043   $—     $—     $24,965,043 
Wheat Futures contracts   604,475    —      —      604,475 
Total  $25,569,518   $—     $—     $25,569,518 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Wheat Futures contracts  $3,200,525   $—     $—     $3,200,525 

 

December 31, 2016

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Cash Equivalents  $406,927   $—     $—     $406,927 

 

Liabilities:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Wheat Futures contracts  $3,921,588   $—     $—     $3,921,588 

 
Teucrium Agricultural Fund [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

December 31, 2017

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2017
Exchange Traded Funds  $1,136,120   $—     $—     $1,136,120 
Cash Equivalents   2,474    —      —      2,474 
Total  $1,138,594   $—     $—     $1,138,594 

 

December 31, 2016

 

Assets:  Level 1  Level 2  Level 3  Balance as of December 31, 2016
Exchange Traded Funds  $1,313,554   $—     $—     $1,313,554 
Cash Equivalents   2,360    —      —      2,360 
Total  $1,315,914   $—     $—     $1,315,914