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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2021
Teucrium Commodity Trust - Combined [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

 

$5,936,552

 

 

$-

 

 

$5,936,552

 

 

$-

 

 

$-

 

 

$5,936,552

 

Soybean futures contracts

 

$2,684,851

 

 

$-

 

 

$2,684,851

 

 

$-

 

 

$675,169

 

 

$2,009,682

 

Sugar futures contracts

 

$1,079,226

 

 

$-

 

 

$1,079,226

 

 

$80,506

 

 

$-

 

 

$998,720

 

Wheat futures contracts

 

$3,714,672

 

 

$-

 

 

$3,714,672

 

 

$654,969

 

 

$213,708

 

 

$2,845,995

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

$80,506

 

 

$-

 

 

$80,506

 

 

$80,506

 

 

$-

 

 

$-

 

Wheat futures contracts

 

$654,969

 

 

$-

 

 

$654,969

 

 

$654,969

 

 

$-

 

 

$-

 

 

 

(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 on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$65,827,118

 

 

$(14,218,054)

Soybeans futures contracts

 

 

27,370,674

 

 

 

(12,439,375)

Sugar futures contracts

 

 

6,223,228

 

 

 

(408,983)

Wheat futures contracts

 

 

18,418,461

 

 

 

(2,678,459)

Total commodity futures contracts

 

$117,839,481

 

 

$(29,744,871)

 

 

Realized Gain

(Loss) on

Commodity Futures

Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$5,882,216

 

 

$19,371,125

 

Soybean futures contracts

 

 

14,404,714

 

 

 

14,192,330

 

Sugar futures contracts

 

 

(656,937)

 

 

1,060,274

 

Wheat futures contracts

 

 

5,461,905

 

 

 

669,686

 

Total commodity futures contracts

 

$25,091,898

 

 

$35,293,415

 

 

 

Realized (Loss) Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$(9,512,148 )

 

$1,973,406

 

Soybean futures contracts

 

 

(438,468 )

 

 

742,746

 

Sugar futures contracts

 

 

113,747

 

 

 

161,106

 

Wheat futures contracts

 

 

(9,623,635 )

 

 

9,053,876

 

Total commodity futures contracts

 

$(19,460,504 )

 

$11,931,134

 
Teucrium Sugar Fund [Member]  
Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2021

 

 

 

(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

 

$1,079,226

 

 

$-

 

 

$1,079,226

 

 

$80,506

 

 

$-

 

 

$998,720

 

 Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2021

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

$80,506

 

 

$-

 

 

$80,506

 

 

$80,506

 

 

$-

 

 

$-

 

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2020

 

 

 

(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

 

 

The following is a summary of realized and net change in unrealized gains (losses) of the derivative instruments utilized by the Fund:

 

Year ended December 31, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Sugar futures contracts

 

 

6,223,228

 

 

 

(408,983)

 

Year ended December 31, 2020

 

 

 

 Realized Loss on Commodity Futures Contracts

 

 

 Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Sugar futures contracts

 

$(656,937 )

 

$1,060,274

 

 

Year ended December 31, 2019

 

 

 

 Realized Gain on Commodity Futures Contracts

 

 

 Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Sugar futures contracts

 

$113,747

 

 

$161,106

 
Summary of realized and unrealized gains (losses) of the derivative instruments  
Teucrium Wheat Fund [Member]  
Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2021

 

 

 

(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

 

$3,714,672

 

 

$-

 

 

$3,714,672

 

 

$654,969

 

 

$213,708

 

 

$2,845,995

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2021

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wheat futures contracts

 

$654,969

 

 

$-

 

 

$654,969

 

 

$654,969

 

 

$-

 

 

$-

 

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2020

 

 

 

(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

Year ended December 31, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Wheat futures contracts

 

 

18,418,461

 

 

 

(2,678,459)

 

Year ended December 31, 2020

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Wheat futures contracts

 

$5,461,905

 

 

$669,686

 

 

Year ended December 31, 2019

 

 

 

 Realized Loss on Commodity Futures Contracts

 

 

 Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Wheat futures contracts

 

$(9,623,635)

 

$9,053,876

 
Teucrium Soybean Fund [Member]  
Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2021

 

 

 

(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

 

$2,684,851

 

 

$-

 

 

$2,684,851

 

 

$-

 

 

$675,169

 

 

$2,009,682

 

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2020

 

 

 

(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

 Year ended December 31, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Soybeans futures contracts

 

 

27,370,674

 

 

 

(12,439,375)

 

Year ended December 31, 2020

 

 

 

 Realized Gain on Commodity Futures Contracts

 

 

 Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Soybean futures contracts

 

$14,404,714

 

 

$14,192,330

 

 

Year ended December 31, 2019

 

 

 

 Realized Loss on Commodity Futures Contracts

 

 

 Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Soybean futures contracts

 

$(438,468 )

 

$742,746

 
Teucrium Corn Fund [Member]  
Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of December 31, 2021

 

 

 

(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

 

$5,936,552

 

 

$-

 

 

$5,936,552

 

 

$-

 

 

$-

 

 

$5,936,552

 

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2020

 

 

 

(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

Year ended December 31, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$65,827,118

 

 

$(14,218,054)

 

Year ended December 31, 2020

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$5,882,216

 

 

$19,371,125

 

Year ended December 31, 2019

 

 

 

Realized Loss on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$(9,512,148 )

 

$1,973,406