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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2018
Teucrium Commodity Trust - Combined [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

June 30, 2018

Assets:   Level 1     Level 2     Level 3    

Balance as of

June 30, 2018

 
Cash Equivalents   $ 77,279,134     $ -     $ -     $ 77,279,134  
Commodity futures Contracts                                
Sugar futures contracts     25,592       -       -       25,592  
Total   $ 77,304,726     $ -     $ -     $ 77,304,726  

 

Liabilities:   Level 1     Level 2     Level 3    

Balance as of

June 30, 2018

 
Commodity Futures Contracts                        
 Corn futures contracts      6,650,900        -        -        6,650,900  
 Soybean futures contracts      2,022,063        -        -        2,022,063  
Sugar futures contracts     516,869        -        -       516,869  
Wheat futures contracts     2,858,100       -       -       2,858,100  
Total   $ 12,047,932     $ -     $ -     $ 12,047,932  

 

 

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  

 

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

 

June 30, 2018

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2018

 

Cash Equivalents  $34,895,492   $-   $-   $34,895,492 
Liabilities:

  

Level 1

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2018

 

Corn Futures Contracts  $6,650,900   $-   $-   $6,650,900 

 

 

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 

 

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

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2018

 

Cash Equivalents  $4,987,698   $-   $-   $4,987,698 
Liabilities:  Level 1

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2018

 

Soybean Futures Contracts  $2,022,063   $-   $-   $2,022,063 

 

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

 

Soybean Futures Contracts  $448,063   $-   $-   $448,063 

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

 

June 30, 2018

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2018

 

Cash Equivalents  $4,987,384   $-   $-   $4,987,384 
Sugar Futures Contracts   25,592    -    -    25,592 
Total  $5,012,976   $-   $-   $5,012,976 
Liabilities:

 

Level 1 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2018

 

Sugar Futures Contracts  $516,869   $-   $-   $516,869 

 

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

 

Soybean Futures Contracts  $67,133   $-   $-   $67,133 

 

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

 

June 30, 2018

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

June 30, 2018

 

Cash Equivalents  $32,405,704  $-   $-   $32,405,704
         
Liabilities:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

June 30, 2018

 

Wheat Futures contracts  $2,858,100  $-   $-   $2,858,100

 

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 

 

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

 

June 30, 2018

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

June 30, 2018

 

Exchange Traded Funds  $1,581,009  $-   $-   $1,581,009
Cash Equivalents   3,242    -     -    3,242
Total  $1,584,251  $-   $-   $1,584,251

 

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