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STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Teucrium Commodity Trust - Combined      
Income      
Realized (loss) gain on commodity futures contracts $ (19,460,504) $ (4,923,623) $ (13,335,506)
Net change in unrealized appreciation (depreciation) on commodity futures contracts 11,931,134 (31,362) 414,818
Interest income 4,081,233 3,533,687 1,755,765
Total (loss) income (3,448,137) (1,421,298) (11,164,923)
Expenses      
Management fees 1,674,357 1,687,082 1,540,701
Professional fees 1,191,133 1,589,673 1,476,719
Distribution and marketing fees 2,632,221 3,073,481 2,598,296
Custodian fees and expenses 351,514 350,361 346,295
Business permits and licenses fees 103,438 115,126 93,026
General and administrative expenses 250,644 281,007 273,423
Brokerage commissions 41,273 194,554 158,207
Other expenses 24,204 120,697 94,051
Total expenses 6,268,784 7,411,981 6,580,718
Expenses waived by the Sponsor (326,705) (1,227,430) (1,028,899)
Total expenses, net 5,942,079 6,184,551 5,551,819
Net (loss) income (9,390,216) (7,605,849) (16,716,742)
Teucrium Corn Fund      
Income      
Realized (loss) gain on commodity futures contracts (9,512,148) (3,025,313) (5,603,513)
Net change in unrealized appreciation (depreciation) on commodity futures contracts 1,973,406 651,638 (380,763)
Interest income 1,843,431 1,480,822 778,560
Total (loss) income (5,695,311) (892,853) (5,205,716)
Expenses      
Management fees 758,195 704,004 682,674
Professional fees 521,193 540,101 633,381
Distribution and marketing fees 1,148,456 1,164,066 1,177,003
Custodian fees and expenses 156,364 127,477 153,987
Business permits and licenses fees 20,150 22,661 25,251
General and administrative expenses 103,076 108,248 125,534
Brokerage commissions 18,768 91,065 79,700
Other expenses 11,023 43,739 41,406
Total expenses 2,737,225 2,801,361 2,918,936
Expenses waived by the Sponsor (15,639) (280,817) (409,562)
Total expenses, net 2,721,586 2,520,544 2,509,374
Net (loss) income $ (8,416,897) $ (3,413,397) $ (7,715,090)
Net (loss) income per share $ (1.29) $ (0.64) $ (2.02)
Net (loss) income per weighted average share $ (1.72) $ (0.82) $ (2.08)
Weighted average shares outstanding 4,882,196 4,169,662 3,714,045
Teucrium Soybean Fund      
Income      
Realized (loss) gain on commodity futures contracts $ (438,468) $ (2,085,438) $ 8,425
Net change in unrealized appreciation (depreciation) on commodity futures contracts 742,746 637,213 (793,538)
Interest income 677,163 460,170 152,945
Total (loss) income 981,441 (988,055) (632,168)
Expenses      
Management fees 278,152 212,287 133,058
Professional fees 193,574 271,612 179,081
Distribution and marketing fees 492,175 516,337 209,915
Custodian fees and expenses 66,109 60,879 28,109
Business permits and licenses fees 19,578 30,179 17,505
General and administrative expenses 48,352 42,615 24,282
Brokerage commissions 4,193 15,780 8,462
Other expenses 2,812 21,704 9,689
Total expenses 1,104,945 1,171,393 610,101
Expenses waived by the Sponsor (96,303) (394,591) (126,489)
Total expenses, net 1,008,642 776,802 483,612
Net (loss) income $ (27,201) $ (1,764,857) $ (1,115,780)
Net (loss) income per share $ (0.35) $ (1.65) $ (1.23)
Net (loss) income per weighted average share $ (0.02) $ (1.40) $ (1.55)
Weighted average shares outstanding 1,784,251 1,261,579 717,607
Teucrium Sugar Fund      
Income      
Realized (loss) gain on commodity futures contracts $ 113,747 $ (2,314,984) $ (2,435,305)
Net change in unrealized appreciation (depreciation) on commodity futures contracts 161,106 69,137 263,581
Interest income 240,634 249,417 78,889
Total (loss) income 515,487 (1,996,430) (2,092,835)
Expenses      
Management fees 103,160 122,198 70,762
Professional fees 116,404 186,127 63,308
Distribution and marketing fees 239,069 277,033 126,152
Custodian fees and expenses 29,935 33,901 19,038
Business permits and licenses fees 19,207 29,289 17,342
General and administrative expenses 25,290 24,228 14,512
Brokerage commissions 3,471 24,030 10,525
Other expenses 2,151 11,470 4,948
Total expenses 538,687 708,276 326,587
Expenses waived by the Sponsor (171,746) (268,920) (129,334)
Total expenses, net 366,941 439,356 197,253
Net (loss) income $ 148,546 $ (2,435,786) $ (2,290,088)
Net (loss) income per share $ (0.03) $ (2.72) $ (3.18)
Net (loss) income per weighted average share $ .10 $ (1.50) $ (3.40)
Weighted average shares outstanding 1,477,196 1,620,415 674,456
Teucrium Wheat Fund      
Income      
Realized (loss) gain on commodity futures contracts $ (9,623,635) $ 2,502,112 $ (5,305,113)
Net change in unrealized appreciation (depreciation) on commodity futures contracts 9,053,876 (1,389,350) 1,325,538
Interest income 1,319,942 1,343,227 745,357
Total (loss) income 750,183 2,455,989 (3,234,218)
Expenses      
Management fees 534,850 648,593 654,207
Professional fees 349,582 575,124 585,774
Distribution and marketing fees 735,336 1,094,984 1,070,569
Custodian fees and expenses 96,947 125,550 143,071
Business permits and licenses fees 32,473 20,759 20,733
General and administrative expenses 72,435 103,842 107,357
Brokerage commissions 14,841 63,679 59,520
Other expenses 8,164 42,950 37,382
Total expenses 1,844,628 2,675,481 2,678,613
Expenses waived by the Sponsor (2,500) (234,736) (323,244)
Total expenses, net 1,842,128 2,440,745 2,355,369
Net (loss) income $ (1,091,945) $ 15,244 $ (5,589,587)
Net (loss) income per share $ (0.11) $ (0.04) $ (0.90)
Net (loss) income per weighted average share $ (0.11) $ 0.00 $ (0.58)
Weighted average shares outstanding 9,768,840 10,111,031 9,594,936
Teucrium Agricultural Fund      
Income      
Realized loss on securities $ (109,378) $ (341,548) $ (238,398)
Net change in unrealized appreciation or depreciation on securities 66,117 156,615 65,864
Interest income 63 51 14
Total (loss) income (43,198) (184,882) (172,520)
Expenses      
Professional fees 10,380 16,709 15,175
Distribution and marketing fees 17,185 21,061 14,657
Custodian fees and expenses 2,159 2,554 2,090
Business permits and licenses fees 12,030 12,238 12,195
General and administrative expenses 1,491 2,074 1,739
Other expenses 54 834 625
Total expenses 43,299 55,470 46,481
Expenses waived by the Sponsor (40,517) (48,366) (40,270)
Total expenses, net 2,782 7,104 6,211
Net (loss) income $ (45,980) $ (191,986) $ (178,731)
Net (loss) income per share $ (0.61) $ (2.42) $ (3.58)
Net (loss) income per weighted average share $ (0.61) $ (2.82) $ (3.57)
Weighted average shares outstanding 75,002 68,153 50,002