Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Teucrium Commodity Trust - Combined

Brokerage commissions

	CORN		SOYB		CANE		WEAT		TAGS		TRUST
Unrealized Loss Attributed to Brokerage Commissions	$	11,457	$	1,742	$	1,944	$	5,612	$	-	$	20,755
Total Brokerage Commissions paid including unrealized loss	$	81,568	$	12,219	$	12,776	$	41,004	$	1	$	147,568

Summary of cash investments

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Money Market Funds	$	3,060	$	3,262	$	3,014
Demand Deposit Savings Accounts		89,552,523		71,898,880		88,012,866
Commercial Paper		69,915,031		87,348,180		49,929,746
Treasury Bills		6,611,271		-		-
Total cash and cash equivalents as presented on the combined Statement of Assets and Liabilities	$	166,081,885	$	159,250,322	$	137,945,626

Related party transactions

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Recognized Related Party Transactions	$	1,992,524	$	2,674,984	$	2,196,388
Waived Related Party Transactions	$	137,711	$	556,063	$	453,736

Expenses waived by the Sponsor

	CORN		SOYB		CANE		WEAT		TAGS		Trust
Year Ended December 31, 2019	$	15,639	$	96,303	$	171,746	$	2,500	$	40,517	$	326,705
Year Ended December 31, 2018	$	280,817	$	394,591	$	268,920	$	234,736	$	48,366	$	1,227,430
Year Ended December 31, 2017	$	409,562	$	126,489	$	129,334	$	323,244	$	40,270	$	1,028,899

Teucrium Corn Fund

Brokerage commissions

	CORN
Unrealized Loss Attributed to Brokerage Commissions	$	11,457
Total Brokerage Commissions paid including unrealized loss	$	81,568

Summary of cash investments

	December 31, 2019		December 31, 2018		December 31, 2017
Money Market Funds	$	102	$	100	$	170
Demand Deposit Savings Accounts		36,303,603		23,974,336		38,174,418
Commercial Paper		34,953,236		34,935,697		24,964,873
Treasury Bills		3,264,182		-		-
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	74,521,123	$	58,910,133	$	63,139,461

Related party transactions

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Recognized Related Party Transactions	$	858,901	$	1,004,019	$	998,194
Waived Related Party Transactions	$	14,500	$	157,258	$	215,815

Expenses waived by the Sponsor

	CORN
Year Ended December 31, 2019	$	15,639
Year Ended December 31, 2018	$	280,817
Year Ended December 31, 2017	$	409,562

Teucrium Soybean Fund

Brokerage commissions

	SOYB
Unrealized Loss Attributed to Brokerage Commissions	$	1,742
Total Brokerage Commissions paid including unrealized loss	$	12,219

Summary of cash investments

	December 31, 2019		December 31, 2018		December 31, 2017
Money Market Funds	$	103	$	100	$	100
Demand Deposit Savings Accounts		14,677,599		14,282,321		9,942,085
Commercial Paper		12,481,824		12,492,518		-
Treasury Bills		715,165		-		-
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	27,874,691	$	26,774,939	$	9,942,185

Related party transactions

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Recognized Related Party Transactions	$	379,031	$	444,365	$	183,076
Waived Related Party Transactions	$	31,537	$	192,822	$	45,597

Expenses waived by the Sponsor

	SOYB
Year Ended December 31, 2019	$	96,303
Year Ended December 31, 2018	$	394,591
Year Ended December 31, 2017	$	126,489

Teucrium Sugar Fund

Brokerage commissions

	CANE
Unrealized Loss Attributed to Brokerage Commissions	$	1,944
Total Brokerage Commissions paid including unrealized loss	$	12,776

Summary of cash investments

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Money Market Funds	$	103	$	100	$	100
Demand Deposit Savings Accounts		9,032,624		7,764,709		5,929,175
Commercial Paper		2,499,872		2,497,132		-
Treasury Bills		683,196		-		-
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	12,215,795	$	10,261,941	$	5,929,275

Related party transactions

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Recognized Related Party Transactions	$	183,750	$	242,126	$	109,266
Waived Related Party Transactions	$	77,532	$	93,112	$	57,667

Expenses waived by the Sponsor

	CANE
Year Ended December 31, 2019	$	171,746
Year Ended December 31, 2018	$	268,920
Year Ended December 31, 2017	$	129,334

Teucrium Wheat Fund

Brokerage commissions

	WEAT
Unrealized Loss Attributed to Brokerage Commissions	$	5,612
Total Brokerage Commissions paid including unrealized loss	$	41,004

Summary of cash investments

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Money Market Funds	$	119	$	100	$	170
Demand Deposit Savings Accounts		29,538,697		25,877,514		33,967,188
Commercial Paper		19,980,099		37,422,833		24,964,873
Treasury Bills		1,948,728		-		-
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	51,467,643	$	63,300,447	$	58,932,231

Related party transactions

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Recognized Related Party Transactions	$	557,131	$	966,288	$	893,340
Waived Related Party Transactions	$	2,500	$	99,345	$	125,219

Expenses waived by the Sponsor

	WEAT
Year Ended December 31, 2019	$	2,500
Year Ended December 31, 2018	$	234,736
Year Ended December 31, 2017	$	323,244

Teucrium Agricultural Fund

Related party transactions

	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Recognized Related Party Transactions	$	13,711	$	18,186	$	12,512
Waived Related Party Transactions	$	11,641	$	13,526	$	9,438

Expenses waived by the Sponsor

	TAGS
Year Ended December 31, 2019	$	40,517
Year Ended December 31, 2018	$	48,366
Year Ended December 31, 2017	$	40,270