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Subsequent Events
12 Months Ended
Dec. 31, 2021
Teucrium Commodity Trust - Combined [Member]  
Note 8 - Subsequent Event

Note 8 - Subsequent Events

 

Management has evaluated the financial statements for the year-ended December 31, 2021 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Trust and Funds other than those noted below:

    

Trust:

 

The continued uncertainty over the path of COVID-19 may continue to be highly disruptive to economies and markets. The impact of COVID-19 to the Trust and the Funds is described in more detail in Part 1 of this 10-K.

 

In late February 2022, Russia invaded Ukraine, significantly amplifying already existing geopolitical tensions among Russia and other countries in the region and in the West. The responses of countries and political bodies to Russia’s actions, the larger overarching tensions, and Ukraine’s military response and the potential for wider conflict may increase financial market volatility generally, have severe adverse effects on regional and global economic markets, and cause volatility in the price of agricultural commodities, agricultural commodity futures and the share price of each Fund. 

 

CORN:

 

The total net assets of the Fund increased by $85,582,064, or 71%, for the period December 31, 2021 to March 15, 2022. This was driven by a 22% increase in the NAV per share and a 40% increase in the shares outstanding.

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.

 

SOYB:

 

The total net assets of the Fund increased by $21,623,239, or 48%, for the period December 31, 2021 to March 15, 2022. This was driven by a 19% increase in the NAV per share and a 24% increase in the shares outstanding.

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.

 

CANE:

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.

 

WEAT:

 

The total net assets of the Fund increased by $273,082,993, or 361%, for the period December 31, 2021 to March 15, 2022. This was driven by a 45% increase in the NAV per share and a 219% increase in the shares outstanding.

 

In late February 2022, Russia invaded Ukraine, significantly amplifying already existing geopolitical tensions among Russia and other countries in the region and in the West. The responses of countries and political bodies to Russia’s actions, the larger overarching tensions, and Ukraine’s military response and the potential for wider conflict may increase financial market volatility generally, have severe adverse effects on regional and global economic markets, and cause volatility in the price of agricultural commodities, agricultural commodity futures and the share price of the Fund. 

 

On March 7, 2022, the Teucrium Wheat Fund sold all available shares for purchase by its Authorized Participants and suspended creations. On March 9, 2022, the SEC accelerated a new registration statement filed by the Fund for an indefinite amount of new shares and the offer and sale of the Fund’s shares commenced.

 

TAGS:

 

The total net assets of the Fund increased by $15,312,601, or 108%, for the period December 31, 2021 to March 15, 2022. This was driven by a 21% increase in the NAV per share and a 71% increase in the shares outstanding.

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.

Teucrium Sugar Fund [Member]  
Note 8 - Subsequent Event

Note 8 - Subsequent Events

 

Management has evaluated the financial statements for the year-ended December 31, 2021 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Fund other than those noted below:

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.

Teucrium Wheat Fund [Member]  
Note 8 - Subsequent Event

Note 8–- Subsequent Events

 

Management has evaluated the financial statements for the year-ended December 31, 2021 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Fund other than those noted below:

 

The total net assets of the Fund increased by $273,082,993, or 361%, for the period December 31, 2021 to March 15, 2022. This was driven by a 45% increase in the NAV per share and a 219% increase in the shares outstanding.

 

In late February 2022, Russia invaded Ukraine, significantly amplifying already existing geopolitical tensions among Russia and other countries in the region and in the West. The responses of countries and political bodies to Russia’s actions, the larger overarching tensions, and Ukraine’s military response and the potential for wider conflict may increase financial market volatility generally, have severe adverse effects on regional and global economic markets, and cause volatility in the price of agricultural commodities, agricultural commodity futures and the share price of the Fund. 

 

On March 7, 2022, the Teucrium Wheat Fund sold all available shares for purchase by its Authorized Participants and suspended creations. On March 9, 2022, the SEC accelerated a new registration statement filed by the Fund for an indefinite amount of new shares and the offer and sale of the Fund’s shares commenced.

Teucrium Soybean Fund [Member]  
Note 8 - Subsequent Event

Note 8 - Subsequent Events

 

Management has evaluated the financial statements for the year-ended December 31, 2021 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Fund other than those noted below:

 

The total net assets of the Fund increased by $21,623,239, or 48%, for the period December 31, 2021 to March 15, 2022. This was driven by a 19% increase in the NAV per share and a 24% increase in the shares outstanding.

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.

 

Teucrium Corn Fund [Member]  
Note 8 - Subsequent Event

Note 8 - Subsequent Events

 

Management has evaluated the financial statements for the year-ended December 31, 2021 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Fund other than those noted below:

 

The total net assets of the Fund increased by $85,582,064, or 71%, for the period December 31, 2021 to March 15, 2022. This was driven by a 22% increase in the NAV per share and a 40% increase in the shares outstanding.

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.

 

Teucrium Agricultural Fund [Member]  
Note 8 - Subsequent Event

Note 7 - Subsequent Events

 

Management has evaluated the financial statements for the year-ended December 31, 2021 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Fund other than those noted below:

 

The total net assets of the Fund increased by $15,312,601, or 108%, for the period December 31, 2021 to March 15, 2022. This was driven by a 21% increase in the NAV per share and a 71% increase in the shares outstanding.

 

A new registration statement was filed for the Fund with the SEC on March 10, 2022, and, as of the date of this 10-K, has not been declared effective. The new registration statement registers an indefinite number of shares.