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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Teucrium Commodity Trust - Combined [Member]  
Brokerage commissions

 

 

CORN

 

 

SOYB

 

 

CANE

 

 

WEAT

 

 

TAGS

 

 

TRUST

 

Year Ending December 31, 2021

 

$141,674

 

 

$29,889

 

 

$21,123

 

 

$47,448

 

 

$-

 

 

$240,134

 

Year Ending December 31, 2020

 

$149,619

 

 

$35,880

 

 

$14,681

 

 

$40,741

 

 

$1

 

 

$240,922

 

Year Ending December 31, 2019

 

$81,568

 

 

$12,219

 

 

$12,776

 

 

$41,004

 

 

$-

 

 

$147,567

 

Summary of cash investments

 

December 31,

2021

 

 

December 31,

2020

 

 

December 31,

2019

 

Money Market Funds

 

$32,968,833

 

 

$61,121,678

 

 

$3,060

 

Demand Deposit Savings Accounts

 

 

99,262,744

 

 

 

95,809,411

 

 

 

89,552,523

 

Commercial Paper

 

 

119,980,366

 

 

 

152,447,206

 

 

 

69,915,031

 

Treasury Bills

 

 

-

 

 

 

-

 

 

 

6,611,271

 

Total cash and cash equivalents as presented on the combined Statement of Assets and Liabilities

 

$252,211,943

 

 

$309,378,295

 

 

$166,081,885
Related party transactions

 

 

Year Ended December 31,

2021

 

 

Year Ended December 31,

2020

 

 

Year Ended December 31,

2019

 

Recognized Related Party Transactions

 

$2,321,539

 

 

$2,279,672

 

 

$1,992,524

 

Waived Related Party Transactions

 

$1,052,715

 

 

$775,432

 

 

$137,711

 

Expenses waived by the Sponsor

 

 

CORN

 

 

SOYB

 

 

CANE

 

 

WEAT

 

 

TAGS

 

 

Trust

 

Year Ended December 31, 2021

 

$1,060,261

 

 

$576,014

 

 

$134,294

 

 

$307,565

 

 

$105,722

 

 

$2,183,856

 

Year Ended December 31, 2020

 

$849,396

 

 

$399,518

 

 

$210,614

 

 

$81,190

 

 

$39,833

 

 

$1,580,551

 

Year Ended December 31, 2019

 

$15,639

 

 

$96,303

 

 

$171,746

 

 

$2,500

 

 

$40,517

 

 

$326,705

 

Teucrium Sugar Fund [Member]  
Brokerage commissions

 

 

CANE

 

Year Ending December 31, 2021

 

$21,123

 

Year Ending December 31, 2020

 

$14,681

 

Year Ending December 31, 2019

 

$12,776

 

Summary of cash investments

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

Money Market Funds

 

$4,816,883

 

 

$4,153,164

 

 

$103

 

Demand Deposit Savings Accounts

 

 

9,016,479

 

 

 

5,197,140

 

 

 

9,032,624

 

Commercial Paper

 

 

7,499,540

 

 

 

2,499,028

 

 

 

2,499,872

 

Treasury Bills

 

 

-

 

 

 

-

 

 

 

683,196

 

Total cash and cash equivalents as presented on the  Statement of Assets and Liabilities

 

$21,332,902

 

 

$11,849,332

 

 

$12,215,795

 

Related party transactions

 

 

Year Ended December 31, 2021

 

 

Year Ended December 31, 2020

 

 

Year Ended December 31, 2019

 

Recognized Related Party Transactions

 

$124,660

 

 

$126,960

 

 

$183,750

 

Waived Related Party Transactions

 

$48,034

 

 

$50,547

 

 

$77,532

 

Expenses waived by the Sponsor

 

 

CANE

 

Year Ended December 31, 2021

 

$134,294

 

Year Ended December 31, 2020

 

$210,614

 

Year Ended December 31, 2019

 

$171,746

 

Teucrium Wheat Fund [Member]  
Brokerage commissions

 

 

WEAT

 

Year Ending December 31, 2021

 

$47,448

 

Year Ending December 31, 2020

 

$40,741

 

Year Ending December 31, 2019

 

$41,004

 

Summary of cash investments

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

Money Market Funds

 

$5,284,993

 

 

$16,227,402

 

 

$119

 

Demand Deposit Savings Accounts

 

 

30,064,031

 

 

 

17,730,566

 

 

 

29,538,697

 

Commercial Paper

 

 

37,492,592

 

 

 

34,988,757

 

 

 

19,980,099

 

Treasury Bills

 

 

-

 

 

 

-

 

 

 

1,948,728

 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 

$72,841,616

 

 

$68,946,725

 

 

$51,467,643

 

Related party transactions

 

 

Year Ended December 31, 2021

 

 

Year Ended December 31, 2020

 

 

Year Ended December 31, 2019

 

Recognized Related Party Transactions

 

$478,989

 

 

$503,823

 

 

$557,131

 

Waived Related Party Transactions

 

$134,898

 

 

$27,789

 

 

$2,500

 

Expenses waived by the Sponsor

 

 

WEAT

 

Year Ended December 31, 2021

 

$307,565

 

Year Ended December 31, 2020

 

$81,190

 

Year Ended December 31, 2019

 

$2,500

 

Teucrium Soybean Fund [Member]  
Brokerage commissions

 

 

SOYB

 

Year Ending December 31, 2021

 

$29,889

 

Year Ending December 31, 2020

 

$35,880

 

Year Ending December 31, 2019

 

$12,219

 

Summary of cash investments

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

Money Market Funds

 

$11,462,494

 

 

$13,242,009

 

 

$103

 

Demand Deposit Savings Accounts

 

 

10,059,937

 

 

 

32,671,497

 

 

 

14,677,599

 

Commercial Paper

 

 

21,497,453

 

 

 

44,484,885

 

 

 

12,481,824

 

Treasury Bills

 

 

-

 

 

 

-

 

 

 

715,165

 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 

$43,019,884

 

 

$90,398,391

 

 

$27,874,691

 

Related party transactions

 

 

Year Ended December 31, 2021

 

 

Year Ended December 31, 2020

 

 

Year Ended December 31, 2019

 

Recognized Related Party Transactions

 

$571,585

 

 

$547,998

 

 

$379,031

 

Waived Related Party Transactions

 

$288,098

 

 

$194,347

 

 

$31,537

 

Expenses waived by the Sponsor

 

 

SOYB

 

Year Ended December 31, 2021

 

$576,014

 

Year Ended December 31, 2020

 

$399,518

 

Year Ended December 31, 2019

 

$96,303

 

Teucrium Corn Fund [Member]  
Brokerage commissions

 

 

CORN

 

Year Ending December 31, 2021

 

$141,674

 

Year Ending December 31, 2020

 

$149,619

 

Year Ending December 31, 2019

 

$81,568

 

Summary of cash investments

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

Money Market Funds

 

$11,399,662

 

 

$27,496,317

 

 

$102

 

Demand Deposit Savings Accounts

 

 

50,122,297

 

 

 

40,210,208

 

 

 

36,303,603

 

Commercial Paper

 

 

53,490,781

 

 

 

70,474,536

 

 

 

34,953,236

 

Treasury Bills

 

 

-

 

 

 

-

 

 

 

3,264,182

 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 

$115,012,740

 

 

$138,181,061

 

 

$74,521,123

 

Related party transactions

 

 

Year Ended December 31, 2021

 

 

Year Ended December 31, 2020

 

 

Year Ended December 31, 2019

 

Recognized Related Party Transactions

 

$1,095,188

 

 

$1,089,985

 

 

$858,901

 

Waived Related Party Transactions

 

$535,622

 

 

$493,231

 

 

$14,500

 

Expenses waived by the Sponsor

 

 

CORN

 

Year Ended December 31, 2021

 

$1,060,261

 

Year Ended December 31, 2020

 

$849,396

 

Year Ended December 31, 2019

 

$15,639

 

Teucrium Agricultural Fund [Member]  
Related party transactions

 

 

Year Ended December 31, 2021

 

 

Year Ended December 31, 2020

 

 

Year Ended December 31, 2019

 

Recognized Related Party Transactions

 

$51,117

 

 

$10,906

 

 

$13,711

 

Waived Related Party Transactions

 

$46,063

 

 

$9,518

 

 

$11,641

 

Expenses waived by the Sponsor

 

 

TAGS

 

Year Ended December 31, 2021

 

$105,722

 

Year Ended December 31, 2020

 

$39,833

 

Year Ended December 31, 2019

 

$40,517