Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2021

Teucrium Commodity Trust - Combined

Schedule of fair value of derivative instruments

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Corn futures contracts	$	1,980,301	$	-	$	1,980,301	$	89,136	$	-	$	1,891,165
Soybean futures contracts	$	1,045,744	$	-	$	1,045,744	$	1,045,744	$	-	$	-
Sugar futures contracts	$	2,254,654	$	-	$	2,254,654	$	-	$	346,666	$	1,907,988
Wheat futures contracts	$	4,538,406	$	-	$	4,538,406	$	-	$	-	$	4,538,406

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Liabilities		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due from Broker*		Net Amount
Commodity Price
Corn futures contracts	$	89,136	$	-	$	89,136	$	89,136	$	-	$	-
Soybean futures contracts	$	1,715,999	$	-	$	1,715,999	$	1,045,744	$	670,255	$	-

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Corn futures contracts	$	20,154,606	$	-	$	20,154,606	$	-	$	12,973,828	$	7,180,778
Soybean futures contracts	$	15,124,226	$	-	$	15,124,226	$	-	$	11,257,566	$	3,866,660
Sugar futures contracts	$	1,407,703	$	-	$	1,407,703	$	-	$	475,661	$	932,042
Wheat futures contracts	$	5,738,162	$	-	$	5,738,162	$	-	$	2,571,103	$	3,167,059

Summary of realized and unrealized gains (losses) of the derivative instruments

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	6,039,005	$	(16,642,507	)
Soybean futures contracts		3,421,173		(7,754,543	)
Sugar futures contracts		2,536,459		289,834
Wheat futures contracts		3,422,476		605,294
Total commodity futures contracts	$	15,419,113	$	(23,501,922	)

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	400,170	$	10,737,739
Soybean futures contracts		2,919,491		8,101,755
Sugar futures contracts		184,149		484,253
Wheat futures contracts		1,631,368		5,927,145
Total commodity futures contracts	$	5,135,178	$	25,250,892

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	61,285,136	$	(18,263,441	)
Soybean futures contracts		29,238,888		(15,794,481	)
Sugar futures contracts		5,802,090		846,951
Wheat futures contracts		13,502,592		(1,199,756	)
Total commodity futures contracts	$	109,828,706	$	(34,410,727	)

	Realized (Loss) Gain on Commodity Futures Contracts			Net Change in Unrealized Appreciation (Depreciation) on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	(6,379,024	)	$	7,945,108
Soybean futures contracts		(1,201,373	)		7,292,203
Sugar futures contracts		(763,390	)		17,344
Wheat futures contracts		1,798,882			(957,071	)
Total commodity futures contracts	$	(4,142,159	)	$	14,297,584

Teucrium Wheat Fund [Member]

Schedule of fair value of derivative instruments

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Wheat futures contracts	$	4,538,406	$	-	$	4,538,406	$	-	$	-	$	4,538,406

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Wheat futures contracts	$	5,738,162	$	-	$	5,738,162	$	-	$	2,571,103	$	3,167,059

Summary of realized and unrealized gains (losses) of the derivative instruments

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	3,422,476	$	605,294

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	1,631,368	$	5,927,145

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	13,502,592	$	(1,199,756	)

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts	$	1,798,882	$	(957,071	)

Teucrium Soybean Fund [Member]

Schedule of fair value of derivative instruments

Assets
	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Soybean futures contracts	$	1,045,744	$	-	$	1,045,744	$	1,045,744	$	-	$	-

Liabilities
	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Liabilities		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due from Broker*		Net Amount
Commodity Price
Soybean futures contracts	$	1,715,999	$	-	$	1,715,999	$	1,045,744	$	670,255	$	-

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Soybean futures contracts	$	15,124,226	$	-	$	15,124,226	$	-	$	11,257,566	$	3,866,660

Summary of realized and unrealized gains (losses) of the derivative instruments

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Soybean futures contracts	$	3,421,173	$	(7,754,543	)

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Soybean futures contracts	$	2,919,491	$	8,101,755

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Soybean futures contracts	$	29,238,888	$	(15,794,481	)

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Soybean futures contracts	$	1,201,373	$	7,292,203

Teucrium Sugar Fund [Member]

Schedule of fair value of derivative instruments

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Sugar futures contracts	$	2,254,654	$	-	$	2,254,654	$	-	$	346,666	$	1,907,988

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Sugar futures contracts	$	1,407,703	$	-	$	1,407,703	$	-	$	475,661	$	932,042

Summary of realized and unrealized gains (losses) of the derivative instruments

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts	$	2,536,459	$	289,834

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts	$	184,149	$	484,253

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts	$	5,802,090	$	846,951

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts	$	(763,390	)	$	17,344

Teucrium Corn Fund [Member]

Schedule of fair value of derivative instruments

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Corn futures contracts	$	1,980,301	$	-	$	1,980,301	$	89,136	$	-	$	1,891,165

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Liabilities		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due from Broker*		Net Amount
Commodity Price
Corn futures contracts	$	89,136	$	-	$	89,136	$	89,136	$	-	$	-

	(i)		(ii)		(iii) = (i)-(ii)		(iv)				(v)=(iii)-(iv)
							Gross Amount Not Offset in the Statement of Assets and Liabilities
Description	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Assets and Liabilities		Net Amount Presented in the Statement of Assets and Liabilities		Futures Contracts Available for Offset		Collateral, Due to Broker		Net Amount
Commodity Price
Corn futures contracts	$	20,154,606	$	-	$	20,154,606	$	-	$	12,973,828	$	7,180,778

Summary of realized and unrealized gains (losses) of the derivative instruments

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	6,039,005	$	(16,642,507	)

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	400,170	$	10,737,739

	Realized Gain on Commodity Futures Contracts		Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	61,285,136	$	(18,263,441	)

	Realized Loss on Commodity Futures Contracts			Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts	$	(6,379,024	)	$	(7,945,108	)