Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Teucrium Commodity Trust - Combined [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of March 31, 2019

	(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
Soybeans futures contracts	$	68,413	$	-	$	68,413		$	68,413		$	-	$	-
Sugar futures contracts	$	392,649	$	-	$	392,649		$	146,294		$	77,840	$	168,515
Wheat futures contracts	$	456,887	$	-	$	456,887		$	456,887		$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2019

	(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	$	3,304,925	$	-	$	3,304,925		$	-		$	3,304,925	$	-
Soybeans futures contracts	$	384,138	$	-	$	384,138		$	68,413		$	315,725	$	-
Sugar futures contracts	$	146,294	$	-	$	146,294		$	146,294		$	-	$	-
Wheat futures contracts	$	6,559,175	$	-	$	6,559,175		$	456,887		$	5,986,260	$	116,028

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	$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended March 31, 2019

	Realized (Loss) Gain on Commodity Futures Contracts			Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Corn futures contracts	$	(905,724	)	$	(2,115,000	)
Soybean futures contracts	33,638			(504,875		)
Sugar futures contracts	361,368			60,032
Wheat futures contracts	(4,095,363		)	(2,116,888		)
Total commodity futures contracts	$	(4,606,081	)	$	(4,676,731	)

Three months ended March 31, 2018

	Realized Gain (Loss) on Commodity Futures Contracts			Net Change in Unrealized Appreciation (Depreciation) on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Corn futures contracts	$	1,238,962		$	3,980,750
Soybean futures contracts	(77,600		)	882,538
Sugar futures contracts	(269,114		)
Wheat futures contracts	1,332,663			1,088,162
Total commodity futures contracts	$	2,224,911		$	5,064,712

Teucrium Corn Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2019

	(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	$	3,304,925	$	-	$	3,304,925	$	-	$	3,304,925	$	-

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	$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended March 31, 2019

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Depreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Corn futures contracts	$	(905,724	)	$	(2,115,000	)

Three months ended March 31, 2018

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Corn futures contracts	$	1,238,962	$	3,980,750

Teucrium Soybean Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of March 31, 2019

	(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	$	68,413	$	-	$	68,413	$	68,413	$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2019

	(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	$	384,138	$	-	$	384,138	$	68,413	$	315,725	$	-

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	$	-	$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended March 31, 2019

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Soybean futures contracts	$	33,638	$	(504,875	)

Three months ended March 31, 2018

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Soybean futures contracts	$	(77,600	)	$	882,538

Teucrium Sugar Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of March 31, 2019

	(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	$	392,649	$	-	$	392,649	$	146,294	$	77,840	$	168,515

Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2019

	(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	$	146,294	$	-	$	146,294	$	146,294	$	-	$	-

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	$	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
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	$	-	$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended March 31, 2019

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Sugar futures contracts	$	361,368	$	60,032

Three months ended March 31, 2018

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Depreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Sugar futures contracts	$	(269,114	)	$	(886,738	)

Teucrium Wheat Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of March 31, 2019

	(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	$	456,887	$	-	$	456,887	$	456,887	$	-	$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2019

	(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	$	6,559,175	$	-	$	6,559,175	$	456,887	$	5,986,260	$	116,028

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	$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended March 31, 2019

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Depreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Wheat futures contracts	$	(4,095,363	)	$	(2,116,888	)

Three months ended March 31, 2018

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Wheat futures contracts	$	1,332,663	$	1,088,162