Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Teucrium Commodity Trust - Combined

Brokerage commissions

	CORN		SOYB		CANE		WEAT		TAGS		TRUST
Three months ended September 30, 2021	$	43,677	$	4,833	$	6,613	$	17,330	$	-	$	72,452
Three months ended September 30, 2020	$	73,503	$	15,066	$	5,311	$	14,900	$	-	$	108,780
Nine months ended September 30, 2021	$	118,868	$	26,568	$	19,047	$	39,852	$	-	$	204,334
Nine months ended September 30, 2020	$	113,925	$	25,211	$	13,554	$	29,059	$	1	$	181,749

Summary of cash investments

	September 30, 2021		December 31, 2020
Money Market Funds	$	25,610,958	$	61,121,678
Demand Deposit Savings Accounts		122,203,736		95,809,411
Commercial Paper		106,485,480		152,447,206
Total cash and cash equivalents as presented on the combined Statements of Assets and Liabilities	$	254,300,174	$	309,378,295

Related party transactions

	Three months ended		Three months ended		Nine months ended		Nine months ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Recognized Related Party Transactions	$	518,894	$	478,615	$	1,702,621	$	1,550,852
Waived Related Party Transactions	$	284,739	$	253,990	$	735,581	$	438,897

Expenses waived by the Sponsor

	CORN		SOYB		CANE		WEAT		TAGS		TRUST
Three months ended September 30, 2021	$	347,523	$	173,635	$	29,699	$	104,989	$	28,946	$	684,792
Three months ended September 30, 2020	$	190,244	$	159,329	$	32,961	$	16,384	$	2,784	$	401,702
Nine months ended September 30, 2021	$	789,304	$	479,631	$	87,738	$	229,640	$	64,541	$	1,650,854
Nine months ended September 30, 2020	$	385,819	$	236,376	$	146,853	$	16,384	$	33,287	$	818,719

Teucrium Agricultural Fund [Member]

Related party transactions

	Three months ended		Three months ended		Nine months ended		Nine months ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Recognized Related Party Transactions	$	13,353	$	1,973	$	28,460	$	8,174
Waived Related Party Transactions	$	13,353	$	1,594	$	24,406	$	7,374

Expenses waived by the Sponsor

	TAGS
Three months ended September 30, 2021	$	28,946
Three months ended September 30, 2020	$	2,784
Nine months ended September 30, 2021	$	64,541
Nine months ended September 30, 2020	$	33,287

Teucrium Wheat Fund [Member]

Brokerage commissions

	WEAT
Three months ended September 30, 2021	$	17,330
Three months ended September 30, 2020	$	14,900
Nine months ended September 30, 2021	$	39,852
Nine months ended September 30, 2020	$	29,059

Summary of cash investments

	September 30, 2021		December 31, 2020
Money Market Funds	$	6,404,957	$	16,227,402
Demand Deposit Savings Accounts		35,047,670		17,730,566
Commercial Paper		28,995,588		34,988,757
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	70,448,215	$	68,946,725

Related party transactions

	Three months ended		Three months ended		Nine months ended		Nine months ended
	September 30, 2021		September 30, 2020		September 30,  2021		September 30, 2020
Recognized Related Party Transactions	$	110,381	$	94,344	$	336,850	$	365,704
Waived Related Party Transactions	$	15,941	$	13,630	$	79,800	$	13,630

Expenses waived by the Sponsor

	WEAT
Three months ended September 30, 2021	$	104,989
Three months ended September 30, 2020	$	16,384
Nine months ended September 30, 2021	$	229,640
Nine months ended September 30, 2020	$	16,384

Teucrium Soybean Fund [Member]

Brokerage commissions

	SOYB
Three months ended September 30, 2021	$	4,833
Three months ended September 30, 2020	$	15,066
Nine months ended September 30, 2021	$	26,568
Nine months ended September 30, 2020	$	25,211

Summary of cash investments

	September 30, 2021		December 31, 2020
Money Market Funds	$	2,549,683	$	13,242,009
Demand Deposit Savings Accounts		18,050,510		32,671,497
Commercial Paper		23,996,952		44,484,885
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	44,597,145	$	90,398,391

Related party transactions

	Three months ended		Three months ended		Nine months ended		Nine months ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Recognized Related Party Transactions	$	122,021	$	136,556	$	461,318	$	323,385
Waived Related Party Transactions	$	93,643	$	90,565	$	231,207	$	122,612

Expenses waived by the Sponsor

	SOYB
Three months ended September 30, 2021	$	173,635
Three months ended September 30, 2020	$	159,329
Nine months ended September 30, 2021	$	479,631
Nine months ended September 30, 2020	$	236,376

Teucrium Sugar Fund [Member]

Brokerage commissions

	CANE
Three months ended September 30, 2021	$	6,613
Three months ended September 30, 2020	$	5,311
Nine months ended September 30, 2021	$	19,047
Nine months ended September 30, 2020	$	13,554

Summary of cash investments

	September 30, 2021		December 31, 2020
Money Market Funds	$	7,690,001	$	4,153,164
Demand Deposit Savings Accounts		9,012,280		5,197,140
Commercial Paper		7,499,249		2,499,028
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	24,201,530	$	11,849,332

Related party transactions

	Three months ended		Three months ended		Nine months ended		Nine months ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Recognized Related Party Transactions	$	30,226	$	24,803	$	77,995	$	97,714
Waived Related Party Transactions	$	10,632	$	16,107	$	29,830	$	36,080

Expenses waived by the Sponsor

	CANE
Three months ended September 30, 2021	$	29,699
Three months ended September 30, 2020	$	32,961
Nine months ended September 30, 2021	$	87,738
Nine months ended September 30, 2020	$	146,853

Teucrium Corn Fund [Member]

Brokerage commissions

	CORN
Three months ended September 30, 2021	$	43,677
Three months ended September 30, 2020	$	73,503
Nine months ended September 30, 2021	$	118,868
Nine months ended September 30, 2020	$	113,925

Summary of cash investments

	September 30, 2021		December 31, 2020
Money Market Funds	$	8,961,563	$	27,496,317
Demand Deposit Savings Accounts		60,093,276		40,210,208
Commercial Paper		45,993,691		70,474,536
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities	$	115,048,530	$	138,181,061

Related party transactions

	Three months ended		Three months ended		Nine months ended		Nine months ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Recognized Related Party Transactions	$	242,913	$	220,939	$	797,998	$	755,875
Waived Related Party Transactions	$	151,170	$	132,094	$	370,338	$	259,201

Expenses waived by the Sponsor

	CORN
Three months ended September 30, 2021	$	347,523
Three months ended September 30, 2020	$	190,244
Nine months ended September 30, 2021	$	789,304
Nine months ended September 30, 2020	$	385,819