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STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Teucrium Commodity Trust - Combined        
Realized gain (loss) on commodity futures contracts $ 15,419,113 $ 5,135,178 $ 109,828,706 $ (4,142,159)
Net change in unrealized appreciation/(depreciation) on commodity futures contracts (23,501,922) 25,250,892 (34,410,727) 14,297,584
Interest income 113,104 189,590 430,283 1,178,703
Total income (loss) (7,969,705) 30,575,660 75,848,262 11,334,128
Management fees 749,229 629,881 2,549,948 1,370,646
Professional fees 219,475 203,202 928,149 961,686
Distribution and marketing fees 920,861 768,315 2,509,136 2,047,260
Custodian fees and expenses 99,410 114,154 280,651 298,189
Business permits and licenses fees 11,051 73,705 107,406 182,649
General and administrative expenses 58,673 57,443 263,366 233,715
Other expenses 17 2,734 17 2,759
Total expenses 2,058,716 1,849,434 6,638,673 5,096,904
Expenses waived by the Sponsor (684,792) (401,702) (1,650,854) (818,719)
Total expenses, net 1,373,924 1,447,732 4,987,819 4,278,185
Net (loss) income (9,343,629) 29,127,928 70,860,443 7,055,943
Teucrium Wheat Fund [Member]        
Realized gain (loss) on commodity futures contracts 3,422,476 1,631,368 13,502,592 1,798,882
Net change in unrealized appreciation/(depreciation) on commodity futures contracts 605,294 5,927,145 (1,199,756) (957,071)
Interest income 29,826 51,225 99,342 378,205
Total income (loss) 4,057,596 7,609,738 12,402,178 1,220,016
Management fees 197,683 137,207 609,012 378,768
Professional fees 46,025 21,897 176,099 185,090
Distribution and marketing fees 191,833 154,909 490,513 487,090
Custodian fees and expenses 19,798 19,594 54,420 67,842
Business permits and licenses fees 1,977 3,312 23,578 24,026
General and administrative expenses 13,088 11,570 50,730 58,996
Total expenses 470,404 348,489 1,404,352 1,201,812
Expenses waived by the Sponsor (104,989) (16,384) (229,640) (16,384)
Total expenses, net 365,415 332,105 1,174,712 1,185,428
Net (loss) income $ 3,692,181 $ 7,277,633 $ 11,227,466 $ 34,588
Net (loss) income per share $ 0.32 $ 0.68 $ 0.91 $ (0.12)
Weighted average shares outstanding 11,380,982 10,180,982 12,387,275 9,284,949
Net income per weighted average share $ 0.32 $ 0.71 $ 0.91 $ 0.00
Teucrium Soybean Fund [Member]        
Realized gain (loss) on commodity futures contracts $ 3,421,173 $ 2,919,491 $ 29,238,888 $ 1,201,373
Net change in unrealized appreciation/(depreciation) on commodity futures contracts (7,754,543) 8,101,755 (15,794,481) 7,292,203
Interest income 20,624 50,232 105,253 210,650
Total income (loss) (4,312,746) 11,071,478 13,549,660 8,704,226
Management fees 149,464 190,671 610,715 326,182
Professional fees 34,456 88,308 241,217 248,156
Distribution and marketing fees 212,480 175,799 672,427 403,563
Custodian fees and expenses 24,956 36,796 77,396 67,262
Business permits and licenses fees 631 37,954 20,995 50,422
General and administrative expenses 12,111 24,006 72,161 54,769
Total expenses 434,098 553,534 1,694,911 1,150,354
Expenses waived by the Sponsor (173,635) (159,329) (479,631) (236,376)
Total expenses, net 260,463 394,205 1,215,280 913,978
Net (loss) income $ (4,573,209) $ 10,677,273 $ 12,334,380 $ 7,790,248
Net (loss) income per share $ (1.80) $ 1.89 $ 2.50 $ 0.02
Net (loss) income per weighted average share $ (1.77) $ 2.09 $ 3.31 $ 2.60
Weighted average shares outstanding 2,590,221 5,113,591 3,724,546 2,990,515
Teucrium Sugar Fund [Member]        
Realized gain (loss) on commodity futures contracts $ 2,536,459 $ 184,149 $ 5,802,090 $ (763,390)
Net change in unrealized appreciation/(depreciation) on commodity futures contracts 289,834 484,253 846,951 17,344
Interest income 7,425 5,633 19,515 63,740
Total income (loss) 2,833,718 674,035 6,668,556 (682,306)
Management fees 59,875 28,558 142,487 73,687
Professional fees 15,069 10,999 47,381 99,591
Distribution and marketing fees 52,768 46,926 115,107 137,431
Custodian fees and expenses 3,407 7,156 11,673 19,555
Business permits and licenses fees 1,449 2,856 22,646 31,520
General and administrative expenses 3,917 5,618 19,913 19,743
Other expenses 8 0 8 15
Total expenses 136,493 102,113 359,215 381,542
Expenses waived by the Sponsor (29,699) (32,961) (87,738) (146,853)
Total expenses, net 106,794 69,152 271,477 234,689
Net (loss) income $ 2,726,924 $ 604,883 $ 6,397,079 $ (916,995)
Net (loss) income per share $ 1.09 $ 0.39 $ 2.85 $ (0.93)
Weighted average shares outstanding 2,618,482 1,913,319 2,329,583 1,600,916
Net income (loss) per weighted average share $ 1.04 $ 0.32 $ 2.75 $ (0.57)
Teucrium Corn Fund [Member]        
Realized gain (loss) on commodity futures contracts $ 6,039,005 $ 400,170 $ 61,285,136 $ (6,379,024)
Net change in unrealized appreciation/(depreciation) on commodity futures contracts (16,642,507) 10,737,739 (18,263,441) 7,945,108
Interest income 55,229 82,500 206,168 526,097
Total income (loss) (10,548,273) 11,220,409 43,227,863 2,092,181
Management fees 342,207 273,445 1,187,734 592,009
Professional fees 117,055 81,710 447,879 421,378
Distribution and marketing fees 444,526 388,178 1,191,750 1,008,276
Custodian fees and expenses 48,716 50,213 132,904 142,069
Business permits and licenses fees 3,685 29,583 27,959 62,552
General and administrative expenses 28,376 16,094 117,321 99,051
Other expenses 0 2,734 0 2,734
Total expenses 984,565 841,957 3,105,547 2,328,069
Expenses waived by the Sponsor (347,523) (190,244) (789,304) (385,819)
Total expenses, net 637,042 651,713 2,316,243 1,942,250
Net (loss) income $ (11,185,315) $ 10,568,696 $ 40,911,620 $ 149,931
Net (loss) income per share $ (1.12) $ 0.75 $ 4.69 $ (1.67)
Net (loss) income per weighted average share $ (1.67) $ 1.20 $ 4.87 $ 0.02
Weighted average shares outstanding 6,704,352 8,795,384 8,402,293 6,183,033
Teucrium Agriculture Fund [Member]        
Interest income $ 0 $ 0 $ 5 $ 11
Total income (loss) 146,125 105,685 1,226,474 (114,035)
Professional fees 6,870 288 15,573 7,471
Distribution and marketing fees 19,254 2,503 39,339 10,900
Custodian fees and expenses 2,533 395 4,258 1,461
Business permits and licenses fees 3,309 0 12,228 14,129
General and administrative expenses 1,181 155 3,241 1,156
Other expenses 9 0 9 10
Total expenses 33,156 3,341 74,648 35,127
Expenses waived by the Sponsor (28,946) (2,784) (64,541) (33,287)
Total expenses, net 4,210 557 10,107 1,840
Net (loss) income $ 141,915 $ 105,128 $ 1,216,367 $ (115,875)
Net (loss) income per share $ 0.22 $ 1.68 $ 5.16 $ (1.27)
Weighted average shares outstanding 356,931 62,638 288,326 70,851
Net income (loss) per weighted average share $ 0.40 $ 1.68 $ 4.22 $ (1.64)
Realized gain (loss) on securities $ 76,653 $ (20,614) $ 16,223 $ (332,299)
Net change in unrealized appreciation on securities $ 69,472 $ 126,299 $ 1,210,246 $ 218,253