Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

Teucrium Commodity Trust - Combined [Member]

Schedule of Fair Value of Derivative Instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

	(i)		(ii)		(iii) = (i-ii)		(iv)			(v) = (iii)-(iv)
								Gross Amount Not Offset in the Statement of Assets and Liabilities	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	$	107,363	$	-	$	107,363		$	107,363		$	-	$	-
Soybeans futures contracts	$	228,400	$	-	$	228,400		$	39,250		$	-	$	189,150
Sugar futures contracts	$	233,979	$	-	$	233,979		$	47,656		$	-	$	186,323

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

	(i)		(ii)		(iii) = (i-ii)		(iv)			(v) = (iii)-(iv)
								Gross Amount Not Offset in the Statement of Assets and Liabilities	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	$	1,297,288	$	-	$	1,297,288		$	107,363		$	1,189,925	$	-
Soybeans futures contracts	$	39,250	$	-	$	39,250		$	39,250		$	-	$	-
Sugar futures contracts	$	47,656	$	-	$	47,656		$	47,656		$	-	$	-
Wheat futures contracts	$	3,985,400	$	-	$	3,985,400		$	-		$	3,985,400	$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2017

	(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	$	120,487	$	-	$	120,487		$	120,487		$	-	$	-
Sugar futures contracts	$	184,319	$	-	$	184,319		$	67,133		$	-	$	117,186
Wheat futures contracts	$	604,475	$	-	$	604,475		$	604,475		$	-	$	-

F-20

Table of Contents

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2017

	(i)		(ii)		(iii) = (i-ii)		(iv)				(v) = (iii)-(iv)
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	$	1,962,050	$	-	$	1,962,050	$	120,487	$	1,841,563	$	-
Soybeans futures contracts	$	448,063	$	-	$	448,063	$	-	$	448,063	$	-
Sugar futures contracts	$	67,133	$	-	$	67,133	$	67,133	$	-	$	-
Wheat futures contracts	$	3,200,525	$	-	$	3,200,525	$	604,475	$	2,596,050	$	-

Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

Year ended December 31, 2018

Primary Underlying Risk	Realized (Loss) Gain on Commodity Futures Contracts			Net Change in Unrealized Appreciation or (Depreciation) on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	(3,025,313	)	$	651,638
Soybeans futures contracts		(2,085,438	)		637,213
Sugar futures contracts		(2,314,984	)		69,137
Wheat futures contracts		2,502,112			(1,389,350	)
Total commodity futures contracts	$	(4,923,623	)	$	(31,362	)

Year ended December 31, 2017

Primary Underlying Risk	Realized (Loss) Gain on Commodity Futures Contracts			Net Change in Unrealized (Depreciation) or Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	(5,603,513	)	$	(380,763	)
Soybeans futures contracts		8,425			(793,538	)
Sugar futures contracts		(2,435,305	)		263,581
Wheat futures contracts		(5,305,113	)		1,325,538
Total commodity futures contracts	$	(13,335,506	)	$	414,818

Year ended December 31, 2016

Primary Underlying Risk	Realized (Loss) Gain on Commodity Futures Contracts			Net Change in Unrealized Appreciation or (Depreciation) on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	(9,438,913	)
Soybeans futures contracts		939,088
Sugar futures contracts		1,967,694			(510,451	)
Wheat futures contracts		(9,631,400	)		(1,997,125	)
Total commodity futures contracts	$	(16,163,531	)	$	508,136

Teucrium Corn Fund [Member]

Schedule of Fair Value of Derivative Instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

	(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	$	107,363	$	-	$	107,363	$	107,363		-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

	(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	$	1,297,288	$	-	$	1,297,288	$	107,363		1,189,925	$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2017

	(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	$	120,487	$	-	$	120,487	$	120,487	$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2017

	(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	$	1,962,050	$	-	$	1,962,050	$	120,487	$	1,841,563	$	-

Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

Year ended December 31, 2018 

					Net Change in Unrealized
	Realized Loss on				Appreciation on
	Commodity Futures Contracts				Commodity Futures Contacts
Commodity Price
Corn futures contracts	$	(3,025,313	)	$		651,638

Year ended December 31, 2017

				Net Change in Unrealized
	Realized Loss on			Depreciation on
	Commodity Futures Contracts			Commodity Futures Contacts
Commodity Price
Corn futures contracts	$	(5,603,513	)	$	(380,763	)

Year ended December 31, 2016

				Net Change in Unrealized
	Realized Loss on			Appreciation on
	Commodity Futures Contracts			Commodity Futures Contacts
Commodity Price
Corn futures contracts	$	(9,438,913	)	$	2,447,750

Teucrium Soybean Fund [Member]

Schedule of Fair Value of Derivative Instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

	(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
Soybeans futures contracts	$	228,400	$	-	$	228,400	$	39,250	$	-	$	189,150

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

	(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
Soybeans futures contracts	$	39,250	$	-	$	39,250	$	39,250	$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2017

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

Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

Year ended December 31, 2018

Primary Underlying Risk	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Soybeans futures contracts	$	(2,085,438	)	$	637,213

Year ended December 31, 2017

			Net Change in Unrealized
	Realized Gain on		Depreciation on
	Commodity Futures Contracts		Commodity Futures Contacts
Commodity Price
Soybean futures contracts	$	8,425	$	(793,538	)

Year ended December 31, 2016

			Net Change in Unrealized
	Realized Gain on		Appreciation on
	Commodity Futures Contracts		Commodity Futures Contacts
Commodity Price
Soybean futures contracts	$	939,088	$	567,962

Teucrium Sugar Fund [Member]

Schedule of Fair Value of Derivative Instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

	(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
Sugar Futures Contracts	$	233,979	$	-	$	233,979	$	-	$	186,323

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

	(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
Sugar futures contracts	$	47,656	$	-	$	47,656	$	47,656	$	-	$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2017

	(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
Sugar Futures Contracts	$	184,319	$	-	$	184,319	$	67,133	$	-	$	117,186

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2017

	(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
Sugar Futures Contracts	$	67,133	$	-	$	67,133	$	67,133	$	-	$	-

Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

Year ended December 31, 2018

Primary Underlying Risk	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts	$	(2,314,984	)	$	69,137

Year ended December 31, 2017

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contacts
Commodity Price
Sugar futures contracts	$	(2,435,305	)	$	263,581

Year ended December 31, 2016

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation  on Commodity Futures Contacts
Commodity Price
Sugar futures contracts	$	1,967,694	$	(510,451	)

Teucrium Wheat Fund [Member]

Schedule of Fair Value of Derivative Instruments

  Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

	(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	$	3,985,400	$	-	$	3,985,400	$	-	$	3,985,400	$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2017

	(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	$	604,475	$	-	$	604,475	$	604,475	$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2017

	(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	$	3,200,525	$	-	$	3,200,525	$	604,475	$	2,596,050	$	-

Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

Year ended December 31, 2018

Primary Underlying Risk	Realized  Gain on Commodity Futures Contracts		Net Change in Unrealized  Depreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	2,502,112	$	(1,389,350	)

Year ended December 31, 2017

				Net Change in Unrealized
	Realized Loss on			Appreciation on
	Commodity Futures Contracts			Commodity Futures Contacts
Commodity Price
Wheat futures contracts	$	(5,305,113	)	$	1,325,538

Year ended December 31, 2016

				Net Change in Unrealized
	Realized Loss on			Depreciation on
	Commodity Futures Contracts			Commodity Futures Contacts
Commodity Price
Wheat futures contracts	$	(9,631,400	)	$	(1,997,125	)