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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Teucrium Commodity Trust - Combined [Member]  
Brokerage commissions

 

 

CORN

 

 

SOYB

 

 

CANE

 

 

WEAT

 

 

TAGS

 

 

TRUST

 

Three Months Ended March 31, 2021

 

$33,966

 

 

$15,192

 

 

$3,476

 

 

$11,475

 

 

$-

 

 

$64,109

 

Three Months Ended March 31, 2020

 

$15,154

 

 

$4,454

 

 

$3,075

 

 

$6,802

 

 

$1

 

 

$29,486

 

Summary of cash investments

 

 

March 31,

2021

 

 

December 31,

2020

 

Money Market Funds

 

$41,952,278

 

 

$61,121,678

 

Demand Deposit Savings Accounts

 

 

110,853,168

 

 

 

95,809,411

 

Commercial Paper

 

 

164,964,927

 

 

 

152,447,206

 

Total cash and cash equivalents as presented on the combined Statement of Assets and Liabilities

 

$317,770,373

 

 

$309,378,295

 

Related party transactions

 

 

Three months

ended

March 31,

2021

 

 

Three months

ended

March 31,

2020

 

Recognized Related Party Transactions

 

$526,219

 

 

$591,124

 

Waived Related Party Transactions

 

$119,741

 

 

$100,682

 

Expenses waived by the Sponsor

 

 

CORN

 

 

SOYB

 

 

CANE

 

 

WEAT

 

 

TAGS

 

 

TRUST

 

Three months ended March 31, 2021

 

$120,266

 

 

$62,577

 

 

$26,490

 

 

$28,715

 

 

$14,136

 

 

$252,184

 

Three months ended March 31, 2020

 

$87,107

 

 

$29,971

 

 

$37,353

 

 

$-

 

 

$18,822

 

 

$173,253

 

Teucrium Soybean Fund [Member]  
Brokerage commissions

 

 

SOYB

 

Three Months Ended March 31, 2021

 

$15,192

 

Three Months Ended March 31, 2020

 

$4,454

 

Summary of cash investments

 

 

March 31, 2021

 

 

December 31, 2020

 

Money Market Funds

 

$7,481,378

 

 

$13,242,009

 

Demand Deposit Savings Accounts

 

 

32,686,449

 

 

 

32,671,497

 

Commercial Paper

 

 

42,491,088

 

 

 

44,484,885

 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 

$82,658,915

 

 

$90,398,391

 

Related party transactions

 

 

Three months ended March 31, 2021

 

 

Three months ended March 31, 2020

 

Recognized Related Party Transactions

 

$160,121

 

 

$92,650

 

Waived Related Party Transactions

 

$24,345

 

 

$9,971

 

Expenses waived by the Sponsor

 

 

SOYB

 

Three months ended March 31, 2021

 

$62,577

 

Three months ended March 31, 2020

 

$29,971

 

Teucrium Sugar Fund [Member]  
Brokerage commissions

 

 

CANE

 

Three Months Ended March 31, 2021

 

$3,476

 

Three Months Ended March 31, 2020

 

$3,075

 

Summary of cash investments

 

 

March 31, 2021

 

 

December 31, 2020

 

Money Market Funds

 

$4,173,291

 

 

$4,153,164

 

Demand Deposit Savings Accounts

 

 

5,199,527

 

 

 

5,197,140

 

Commercial Paper

 

 

4,999,048

 

 

 

2,499,028

 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 

$14,371,866

 

 

$11,849,332

 

Related party transactions

 

 

Three months ended March 31, 2021

 

 

Three months ended March 31, 2020

 

Recognized Related Party Transactions

 

$20,250

 

 

$41,198

 

Waived Related Party Transactions

 

$8,810

 

 

$10,139

 

Expenses waived by the Sponsor

 

 

CANE

 

Three months ended March 31, 2021

 

$26,490

 

Three months ended March 31, 2020

 

$37,353

 

Teucrium Wheat Fund [Member]  
Brokerage commissions

 

 

WEAT

 

Three Months Ended March 31, 2021

 

$11,475

 

Three Months Ended March 31, 2020

 

$6,802

 

Summary of cash investments

 

 

March 31,

2021

 

 

December 31,

2020

 

Money Market Funds

 

$10,994,500

 

 

$16,227,402

 

Demand Deposit Savings Accounts

 

 

22,738,460

 

 

 

17,730,566

 

Commercial Paper

 

 

39,992,976

 

 

 

34,988,757

 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 

$73,725,936

 

 

$68,946,725

 

Related party transactions

 

 

Three months

ended

March 31,

2021

 

 

Three months

ended

March 31,

2020

 

Recognized Related Party Transactions

 

$100,871

 

 

$152,169

 

Waived Related Party Transactions

 

$14,699

 

 

$-

 

Expenses waived by the Sponsor

 

 

WEAT

 

Three months ended March 31, 2021

 

$28,715

 

Three months ended March 31, 2020

 

$-

 

Teucrium Agricultural Fund [Member]  
Related party transactions

 

 

Three months

ended

March 31,

2021

 

 

Three months

ended

March 31,

2020

 

Recognized Related Party Transactions

 

$3,890

 

 

$3,465

 

Waived Related Party Transactions

 

$1,993

 

 

$3,465

 

Expenses waived by the Sponsor

 

 

TAGS

 

Three months ended March 31, 2021

 

$14,136

 

Three months ended March 31, 2020

 

$18,822

 

Teucrium Corn Fund [Member]  
Brokerage commissions

 

 

CORN

 

Three Months Ended March 31, 2021

 

$33,966

 

Three Months Ended March 31, 2020

 

$15,154

 

Summary of cash investments

 

 

March 31, 2021

 

 

December 31, 2020

 

Money Market Funds

 

$19,300,504

 

 

$27,496,317

 

Demand Deposit Savings Accounts

 

 

50,228,732

 

 

 

40,210,208

 

Commercial Paper

 

 

77,481,815

 

 

 

70,474,536

 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 

$147,011,051

 

 

$138,181,061

 

Related party transactions

 

 

Three months ended March 31, 2021

 

 

Three months ended March 31, 2020

 

Recognized Related Party Transactions

 

$241,087

 

 

$301,642

 

Waived Related Party Transactions

 

$69,894

 

 

$77,107

 

Expenses waived by the Sponsor

 

 

CORN

 

Three months ended March 31, 2021

 

$120,266

 

Three months ended March 31, 2020

 

$87,107