Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2019

Teucrium Commodity Trust - Combined

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 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
Corn futures contracts	$	1,365,055	$	-	$	1,365,055	$	581,574	$	-	$	783,481
Soybeans futures contracts	$	931,896	$	-	$	931,896	$	-	$	643,808	$	288,088
Sugar futures contracts	$	347,429	$	-	$	347,429	$	-	$	237,908	$	109,521
Wheat futures contracts	$	5,068,476	$	-	$	5,068,476	$	-	$	4,258,410	$	810,066

Offsetting of Financial Liabilities and Derivative Liabilities as of December 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	$	581,574	$	-	$	581,574	$	581,574	$	-	$	-

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	$	-	$	-
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
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

Year ended December 31, 2019

Primary Underlying Risk	Realized (Loss) Gain on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	(9,512,148	)	$	1,973,406
Soybeans futures contracts		(438,468	)		742,746
Sugar futures contracts		113,747			161,106
Wheat futures contracts		(9,623,635	)		9,053,876
Total commodity futures contracts	$	(19,460,504	)	$	11,931,134

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

Teucrium Corn Fund

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 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
Corn futures contracts	$	1,365,055	$	-	$	1,365,055	$	581,574	$	-	$	783,481

Offsetting of Financial Liabilities and Derivative Liabilities as of December 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	$	581,574	$	-	$	581,574	$	581,574	$	-	$	-

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

Year ended December 31, 2019

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	(9,512,148	)	$	1,973,406

Year ended December 31, 2018

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

Year ended December 31, 2017

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

Teucrium Soybean Fund

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 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	$	931,896	$	-	$	931,896	$	-	$	643,808	$	288,088

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

Year ended December 31, 2019

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Soybeans futures contracts	$	(438,468	)	$	742,746

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

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

Teucrium Sugar Fund

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 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	$	347,429	$	-	$	347,429	$	-	$	237,908	$	109,521

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

Year ended December 31, 2019

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts	$	113,747	$	161,106

Year ended December 31, 2018

	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 Contracts
Commodity Price
Sugar futures contracts	$	(2,435,305	)	$	263,581

Teucrium Wheat Fund

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 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 a		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Wheat futures contracts	$	5,068,476	$	-	$	5,068,476	$	-	$	4,258,410	$	810,066

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

Year ended December 31, 2019

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	(9,623,635	)	$	9,053,876

Year ended December 31, 2018

	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

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