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STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Teucrium Commodity Trust - Combined [Member]    
Realized gain (loss) on commodity futures contracts $ 41,123,865 $ (1,689,955)
Net change in unrealized depreciation on commodity futures contracts (13,065,298) (12,465,515)
Interest income 166,569 640,533
Total income (loss) 28,225,136 (13,514,937)
Expenses    
Management fees 863,057 384,364
Professional fees 378,608 290,889
Distribution and marketing fees 754,641 654,180
Custodian fees and expenses 101,645 77,872
Business permits and licenses fees 76,102 41,878
General and administrative expenses 58,937 50,909
Other expenses 0 19
Total expenses 2,232,990 1,500,111
Expenses waived by the Sponsor (252,184) (173,253)
Total expenses, net 1,980,806 1,326,858
Net income (loss) 26,244,330 (14,841,795)
Teucrium Soybean Fund [Member]    
Realized gain (loss) on commodity futures contracts 18,154,458 (856,215)
Net change in unrealized depreciation on commodity futures contracts (8,724,512) (2,293,765)
Interest income 47,436 105,227
Total income (loss) 9,477,382 (3,044,753)
Expenses    
Management fees 242,109 63,221
Professional fees 109,503 58,565
Distribution and marketing fees 225,016 92,158
Custodian fees and expenses 31,474 10,747
Business permits and licenses fees 14,527 3,793
General and administrative expenses 17,114 5,690
Total expenses 639,743 234,174
Expenses waived by the Sponsor (62,577) (29,971)
Total expenses, net 577,166 204,203
Net income (loss) $ 8,900,216 $ (3,248,956)
Net income (loss) per share $ 2.09 $ (1.85)
Net income (loss) per weighted average share $ 1.87 $ (1.89)
Weighted average shares outstanding 4,755,560 1,718,960
Teucrium Sugar Fund [Member]    
Realized gain (loss) on commodity futures contracts $ 1,253,480 $ 292,057
Net change in unrealized depreciation on commodity futures contracts (606,842) (2,155,945)
Interest income 6,388 42,971
Total income (loss) 653,026 (1,820,917)
Expenses    
Management fees 36,015 26,501
Professional fees 18,008 23,160
Distribution and marketing fees 33,075 45,334
Custodian fees and expenses 3,657 6,971
Business permits and licenses fees 18,345 18,590
General and administrative expenses 3,601 3,176
Other expenses 0 15
Total expenses 112,701 123,747
Expenses waived by the Sponsor (26,490) (37,353)
Total expenses, net 86,211 86,394
Net income (loss) $ 566,815 $ (1,907,311)
Net income (loss) per share $ 0.31 $ (1.55)
Net income (loss) per weighted average share $ 0.28 $ (1.25)
Weighted average shares outstanding 2,034,171 1,525,279
Teucrium Wheat Fund [Member]    
Realized gain (loss) on commodity futures contracts $ 2,919,448 $ 453,307
Net change in unrealized depreciation on commodity futures contracts (5,055,673) (999,326)
Interest income 35,181 202,866
Total income (loss) (2,101,044) (343,153)
Expenses    
Management fees 194,308 123,845
Professional fees 76,397 76,784
Distribution and marketing fees 141,041 183,577
Custodian fees and expenses 19,431 22,292
Business permits and licenses fees 19,431 4,954
General and administrative expenses 9,679 16,100
Total expenses 460,287 427,552
Expenses waived by the Sponsor (28,715) 0
Total expenses, net 431,572 427,552
Net income (loss) $ (2,532,616) $ (770,705)
Net income (loss) per share $ (0.17) $ (0.07)
Net income (loss) per weighted average share $ (0.20) $ (0.09)
Weighted average shares outstanding 12,683,337 8,777,477
Teucrium Agricultural Fund [Member]    
Interest income $ 4 $ 10
Total income (loss) 64,493 (175,691)
Expenses    
Professional fees 2,919 2,574
Distribution and marketing fees 4,904 4,933
Custodian fees and expenses 676 534
Business permits and licenses fees 7,125 11,125
General and administrative expenses 443 324
Other expenses 0 4
Total expenses 16,067 19,494
Expenses waived by the Sponsor (14,136) (18,822)
Total expenses, net 1,931 672
Net income (loss) $ 62,562 $ (176,363)
Net income (loss) per share $ 1.30 $ (2.35)
Net income (loss) per weighted average share $ 0.37 $ (2.35)
Weighted average shares outstanding 166,946 75,002
Realized loss on securities $ (48,360) $ (71,417)
Net change in unrealized appreciation (depreciation) on securities 112,849 (104,284)
Teucrium Corn Fund [Member]    
Realized gain (loss) on commodity futures contracts 18,796,479 (1,579,104)
Net change in unrealized depreciation on commodity futures contracts 1,321,729 (7,016,479)
Interest income 77,560 289,459
Total income (loss) 20,195,768 (8,306,124)
Expenses    
Management fees 390,625 170,797
Professional fees 171,781 129,806
Distribution and marketing fees 350,605 328,178
Custodian fees and expenses 46,407 37,328
Business permits and licenses fees 16,674 3,416
General and administrative expenses 28,100 25,619
Total expenses 1,004,192 695,144
Expenses waived by the Sponsor (120,266) (87,107)
Total expenses, net 883,926 608,037
Net income (loss) $ 19,311,842 $ (8,914,161)
Net income (loss) per share $ 2.07 $ (1.87)
Net income (loss) per weighted average share $ 2.05 $ (1.84)
Weighted average shares outstanding 9,441,115 4,834,619