Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Teucrium Commodity Trust - Combined [Member]

Schedule of assets and liabilities measured at fair value

Assets:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Cash Equivalents	$	206,917,205	$	-	$	-	$	206,917,205
Commodity Futures Contracts
Corn futures contracts		-		21,476,335		-		21,476,335
Soybean futures contracts		173,545		6,226,169		-		6,399,714
Sugar futures contracts		1,161,729		-		-		1,161,729
Wheat futures contracts		1,850,973		-		-		1,850,973
Total	$	210,103,452	$	27,702,504	$	-	$	237,805,956
Liabilities:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Commodity Futures Contracts
Sugar futures contracts	$	360,868		-		-	$	360,868
Wheat futures contracts		1,168,484		-		-		1,168,484
Total	$	1,529,352	$	-	$	-	$	1,529,352
December 31, 2020
Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2020
Cash Equivalents	$	213,568,884	$	-	$	-	$	213,568,884
Commodity Futures Contracts
Corn futures contracts		20,154,606		-		-		20,154,606
Soybeans futures contracts		15,124,226		-		-		15,124,226
Sugar futures contracts		1,407,703		-		-		1,407,703
Wheat futures contracts		5,738,162		-		-		5,738,162
Total	$	255,993,581	$	-	$	-	$	255,993,581

Teucrium Soybean Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2021

Assets:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Cash Equivalents	$	49,972,466	$	-	$	-	$	49,972,466
Soybean futures contracts		173,545		6,226,169		-		6,399,714
Total	$	50,146,011	$	6,226,169	$	-	$	56,372,180

December 31, 2020

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2020
Cash Equivalents	$	57,726,894	$	-	$	-	$	57,726,894
Soybean futures contracts		15,124,226		-		-		15,124,226
Total	$	72,851,120	$	-	$	-	$	72,851,120

Teucrium Sugar Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2021

Assets:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Cash Equivalents	$	9,172,339	$	-	$	-	$	9,172,339
Sugar Futures Contracts		1,161,729		-		-		1,161,729
Total	$	10,334,068	$	-	$	-	$	10,334,068
Liabilities:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Sugar Futures Contracts	$	360,868	$	-	$	-	$	360,868

December 31, 2020

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2020
Cash Equivalents	$	6,652,192	$	-	$	-	$	6,652,192
Sugar Futures Contracts		1,407,703		-		-		1,407,703
Total	$	8,059,895	$	-	$	-	$	8,059,895

Teucrium Wheat Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2021

Assets:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Cash Equivalents	$	50,987,476	$	-	$	-	$	50,987,476
Wheat Futures contracts		1,850,973		-		-		1,850,973
Total	$	52,838,449	$	-	$	-	$	52,838,449
Liabilities:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Wheat Futures contracts	$	1,168,484	$	-	$	-	$	1,168,484

December 31, 2020

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2020
Cash Equivalents	$	51,216,159	$	-	$	-	$	51,216,159
Wheat Futures contracts		5,738,162		-		-		5,738,162
Total	$	56,954,321	$	-	$	-	$	56,954,321

Teucrium Agricultural Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2021

Assets:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Exchange Traded Funds	$	2,444,538	$	2,598,263	$	-	$	5,042,801
Cash Equivalents		2,605		-		-		2,605
Total	$	2,447,143	$	2,598,263	$	-	$	5,045,406

December 31, 2020

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2020
Exchange Traded Funds	$	1,582,262	$	-	$	-	$	1,582,262
Cash Equivalents		2,786		-		-		2,786
Total	$	1,585,048	$	-	$	-	$	1,585,048

Teucrium Corn Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2021

Assets:	Level 1		Level 2		Level 3		Balance as of March 31, 2021
Cash Equivalents	$	96,782,319	$	-	$	-	$	96,782,319
Corn Futures Contracts		-		21,476,335		-		21,476,335
Total	$	96,782,319	$	21,476,335	$	-	$	118,258,654

December 31, 2020

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2020
Cash Equivalents	$	97,970,853	$	-	$	-	$	97,970,853
Corn Futures Contracts		20,154,606		-		-		20,154,606
Total	$	118,125,459	$	-	$	-	$	118,125,459