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 |
|
|