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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2021
Teucrium Commodity Trust - Combined  
Schedule of assets and liabilities measured at fair value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

September 30,

2021

 

Cash Equivalents

 

$132,096,438

 

 

$-

 

 

$-

 

 

$132,096,438

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

 

1,980,301

 

 

 

-

 

 

 

-

 

 

 

1,980,301

 

Soybean futures contracts

 

 

1,045,744

 

 

 

-

 

 

 

-

 

 

 

1,045,744

 

Sugar futures contracts

 

 

2,254,654

 

 

 

-

 

 

 

-

 

 

 

2,254,654

 

Wheat futures contracts

 

 

4,538,406

 

 

 

-

 

 

 

-

 

 

 

4,538,391

 

Total

 

$141,915,543

 

 

$-

 

 

$-

 

 

$141,915,543

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

September 30,

2021

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

$89,136

 

 

$-

 

 

$-

 

 

$89,136

 

Soybean futures contracts

 

 

1,715,999

 

 

 

-

 

 

 

-

 

 

 

1,715,999

 

Total

 

$1,805,135

 

 

$-

 

 

$-

 

 

$1,805,135

 

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

 

Soybean 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 Agricultural Fund [Member]  
Schedule of assets and liabilities measured at fair value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

September 30,

2021

 

Exchange Traded Funds

 

$8,541,105

 

 

$-

 

 

$-

 

 

$8,541,105

 

Cash Equivalents

 

 

4,754

 

 

 

-

 

 

 

-

 

 

 

4,754

 

Total

 

$8,545,859

 

 

$-

 

 

$-

 

 

$8,545,859

 

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 Wheat Fund [Member]  
Schedule of assets and liabilities measured at fair value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

September 30,

2021

 

Cash Equivalents

 

$35,400,545

 

 

$-

 

 

$-

 

 

$35,400,545

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wheat futures contracts

 

 

4,538,406

 

 

 

-

 

 

 

-

 

 

 

4,538,406

 

Total

 

$39,938,951

 

 

$-

 

 

$-

 

 

$39,938,951

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31,

2020

 

Cash Equivalents

 

$51,216,159

 

 

$-

 

 

$-

 

 

$51,216,159

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wheat futures contracts

 

 

5,738,162

 

 

 

-

 

 

 

-

 

 

 

5,738,162

 

Total

 

$56,954,321

 

 

$-

 

 

$-

 

 

$56,954,321

 
Teucrium Soybean Fund [Member]  
Schedule of assets and liabilities measured at fair value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of September 30,

2021

 

Cash Equivalents

 

$26,546,635

 

 

$-

 

 

$-

 

 

$26,546,635

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

 

1,045,744

 

 

 

-

 

 

 

-

 

 

 

1,045,744

 

Total

 

$27,592,379

 

 

$-

 

 

$-

 

 

$27,592,379

 

Liabilities:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of September 30,

2021

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

$1,715,999

 

 

$

-

 

 

$

-

 

 

$

1,715,999

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31,

2020

 

Cash Equivalents

 

$57,726,894

 

 

$-

 

 

$-

 

 

$57,726,894

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of September 30,

2021

 

Cash Equivalents

 

$15,189,250

 

 

$-

 

 

$-

 

 

$15,189,250

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

 

2,254,654

 

 

 

-

 

 

 

-

 

 

 

2,254,654

 

Total

 

$17,443,904

 

 

$-

 

 

$-

 

 

$17,443,904

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31,

2020

 

Cash Equivalents

 

$6,652,192

 

 

$-

 

 

$-

 

 

$6,652,192

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

 

1,407,703

 

 

 

-

 

 

 

-

 

 

 

1,407,703

 

Total

 

$8,059,895

 

 

$-

 

 

$-

 

 

$8,059,895

 
Teucrium Corn Fund [Member]  
Schedule of assets and liabilities measured at fair value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

September 30,

2021

 

Cash Equivalents

 

$54,955,254

 

 

$-

 

 

$-

 

 

$54,955,254

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

 

1,980,301

 

 

 

-

 

 

 

-

 

 

 

1,980,301

 

Total

 

$56,935,555

 

 

$-

 

 

$-

 

 

$56,935,555

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

September 30,

2021

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

$89,136

 

 

$-

 

 

$-

 

 

$89,136

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of

December 31,

2020

 

Cash Equivalents

 

$97,970,853

 

 

$-

 

 

$-

 

 

$97,970,853

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

 

20,154,606

 

 

 

-

 

 

 

-

 

 

 

20,154,606

 

Total

 

$118,125,459

 

 

$-

 

 

$-

 

 

$118,125,459