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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Teucrium Commodity Trust - Combined [Member]  
Schedule Of Assets And Liabilities Measured At Fair Value

March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Cash Equivalents

 

$601,795,644

 

 

$-

 

 

$-

 

 

$601,795,644

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

 

25,830,881

 

 

 

-

 

 

 

-

 

 

 

25,830,881

 

Soybean futures contracts

 

 

3,599,568

 

 

 

-

 

 

 

-

 

 

 

3,599,568

 

Sugar futures contracts

 

 

1,906,462

 

 

 

-

 

 

 

-

 

 

 

1,906,462

 

Total

 

$633,132,555

 

 

$-

 

 

$-

 

 

$633,132,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wheat futures contracts

 

 

33,791,659

 

 

 

-

 

 

 

-

 

 

 

33,791,659

 

Total

 

$33,791,659

 

 

$-

 

 

$-

 

 

$33,791,659

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$152,949,199

 

 

$-

 

 

$-

 

 

$152,949,199

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

 

5,936,552

 

 

 

-

 

 

 

-

 

 

 

5,936,552

 

Soybean futures contracts

 

 

2,684,851

 

 

 

-

 

 

 

-

 

 

 

2,684,851

 

Sugar futures contracts

 

 

1,079,226

 

 

 

-

 

 

 

-

 

 

 

1,079,226

 

Wheat futures contracts

 

 

3,714,672

 

 

 

-

 

 

 

-

 

 

 

3,714,672

 

Total

 

$166,364,500

 

 

$-

 

 

$-

 

 

$166,364,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

$80,506

 

 

$-

 

 

$-

 

 

$80,506

 

Wheat futures contracts

 

 

654,969

 

 

 

-

 

 

 

-

 

 

 

654,969

 

Total

 

$735,475

 

 

$-

 

 

$-

 

 

$735,475

 

Teucrium Soybean Fund [Member]  
Schedule Of Assets And Liabilities Measured At Fair Value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Cash Equivalents

 

$49,612,601

 

 

$-

 

 

$-

 

 

$49,612,601

 

Soybean futures contracts

 

 

3,599,568

 

 

 

-

 

 

 

-

 

 

 

3,599,568

 

Total

 

$53,212,169

 

 

$-

 

 

$-

 

 

$53,212,169

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$32,959,947

 

 

$-

 

 

$-

 

 

$32,959,947

 

Soybean futures contracts

 

 

2,684,851

 

 

 

-

 

 

 

-

 

 

 

2,684,851

 

Total

 

$35,644,798

 

 

$-

 

 

$-

 

 

$35,644,798

 

Teucrium Wheat Fund [Member]  
Schedule Of Assets And Liabilities Measured At Fair Value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Cash Equivalents

 

$405,181,158

 

 

$-

 

 

$-

 

 

$405,181,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Wheat Futures contracts

 

$33,791,659

 

 

$-

 

 

$-

 

 

$33,791,659

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$42,777,585

 

 

$-

 

 

$-

 

 

$42,777,585

 

Wheat Futures contracts

 

 

3,714,672

 

 

 

-

 

 

 

-

 

 

 

3,714,672

 

Total

 

$46,492,257

 

 

$-

 

 

$-

 

 

$46,492,257

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Wheat Futures contracts

 

$654,969

 

 

$-

 

 

$-

 

 

$654,969

 

Teucrium Agricultural Fund [Member]  
Schedule Of Assets And Liabilities Measured At Fair Value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Exchange Traded Funds

 

$29,206,585

 

 

$-

 

 

$-

 

 

$29,206,585

 

Cash Equivalents

 

 

6,490

 

 

 

-

 

 

 

-

 

 

 

6,490

 

Total

 

$29,213,075

 

 

$-

 

 

$-

 

 

$29,213,075

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Exchange Traded Funds

 

$14,178,019

 

 

$-

 

 

$-

 

 

$14,178,019

 

Cash Equivalents

 

 

4,801

 

 

 

-

 

 

 

-

 

 

 

4,801

 

Total

 

$14,182,820

 

 

$-

 

 

$-

 

 

$14,182,820

 

Teucrium Sugar Fund [Member]  
Schedule Of Assets And Liabilities Measured At Fair Value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Cash Equivalents

 

$15,119,270

 

 

$-

 

 

$-

 

 

$15,119,270

 

Sugar Futures Contracts

 

 

1,906,462

 

 

 

-

 

 

 

-

 

 

 

1,906,462

 

Total

 

$17,025,732

 

 

$-

 

 

$-

 

 

$17,025,732

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$12,316,423

 

 

$-

 

 

$-

 

 

$12,316,423

 

Sugar Futures Contracts

 

 

1,079,226

 

 

 

-

 

 

 

-

 

 

 

1,079,226

 

Total

 

$13,395,649

 

 

$-

 

 

$-

 

 

$13,395,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Sugar Futures Contracts

 

$80,506

 

 

$-

 

 

$-

 

 

$80,506

 

Teucrium Corn Fund [Member]  
Schedule Of Assets And Liabilities Measured At Fair Value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of March 31, 2022

 

Cash Equivalents

 

$131,876,125

 

 

$-

 

 

$-

 

 

$131,876,125

 

Corn Futures Contracts

 

 

25,830,881

 

 

 

-

 

 

 

-

 

 

 

25,830,881

 

Total

 

$157,707,006

 

 

$-

 

 

$-

 

 

$157,707,006

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$64,890,443

 

 

$-

 

 

$-

 

 

$64,890,443

 

Corn Futures Contracts

 

 

5,936,552

 

 

 

-

 

 

 

-

 

 

 

5,936,552

 

Total

 

$70,826,995

 

 

$-

 

 

$-

 

 

$70,826,995