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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Teucrium Commodity Trust - Combined [Member]  
Brokerage Commissions

 

 

CORN

 

 

SOYB

 

 

CANE

 

 

WEAT

 

 

TAGS

 

 

TRUST

 

Three Months Ended June 30, 2022

 

$102,336

 

 

$8,686

 

 

$20,341

 

 

$198,392

 

 

$-

 

 

$329,755

 

Three Months Ended June 30, 2021

 

$41,225

 

 

$6,543

 

 

$8,957

 

 

$11,048

 

 

$-

 

 

$67,773

 

Six Months Ended June 30, 2022

 

$133,575

 

 

$15,206

 

 

$26,536

 

 

$279,543

 

 

$-

 

 

$454,860

 

Six Months Ended June 30, 2021

 

$75,191

 

 

$21,735

 

 

$12,434

 

 

$22,523

 

 

$-

 

 

$131,883

 

Summary Of Cash Investments

 

 

June 30, 2022

 

 

December 31, 2021

 

Money Market Funds

 

$330,439,866

 

 

$32,968,833

 

Demand Deposit Savings Accounts

 

 

119,427,675

 

 

 

99,262,744

 

Commercial Paper

 

 

348,918,907

 

 

 

119,980,366

 

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

 

$798,786,448

 

 

$252,211,943

 

Related Party Transactions

 

 

Three months ended June 30, 2022

 

 

Three months ended June 30, 2021

 

 

Six months ended June 30, 2022

 

 

Six months ended June 30, 2021

 

Recognized Related Party Transactions

 

$871,921

 

 

$657,508

 

 

$1,417,630

 

 

$1,183,727

 

Waived Related Party Transactions

 

$358,002

 

 

$331,101

 

 

$479,081

 

 

$450,842

 

Expenses Waived By The Sponsor

 

 

CORN

 

 

SOYB

 

 

CANE

 

 

WEAT

 

 

TAGS

 

 

TRUST

 

Three months ended June 30, 2022

 

$221,478

 

 

$38,146

 

 

$49,371

 

 

$339,308

 

 

$59,160

 

 

$707,463

 

Three months ended June 30, 2021

 

$321,515

 

 

$243,419

 

 

$31,549

 

 

$95,936

 

 

$21,459

 

 

$713,878

 

Six months ended June 30, 2022

 

$345,855

 

 

$89,562

 

 

$78,237

 

 

$425,164

 

 

$114,163

 

 

$1,052,981

 

Six months ended June 30, 2021

 

$441,781

 

 

$305,996

 

 

$58,039

 

 

$124,651

 

 

$35,595

 

 

$966,062

 

Teucrium Soybean Fund [Member]  
Brokerage Commissions

 

 

SOYB

 

Three Months Ended June 30, 2022

 

$8,686

 

Three Months Ended June 30, 2021

 

$6,543

 

Six Months Ended June 30, 2022

 

$15,206

 

Six Months Ended June 30, 2021

 

$21,735

 

Related Party Transactions

 

 

Three months ended June 30, 2022

 

 

Three months ended June 30, 2021

 

 

Six months ended June 30, 2022

 

 

Six months ended June 30, 2021

 

Recognized Related Party Transactions

 

$74,713

 

 

$179,176

 

 

$152,146

 

 

$339,297

 

Waived Related Party Transactions

 

$7,089

 

 

$113,219

 

 

$32,056

 

 

$137,564

 

Expenses Waived By The Sponsor

 

 

SOYB

 

Three months ended June 30, 2022

 

$38,146

 

Three months ended June 30, 2021

 

$243,419

 

Six months ended June 30, 2022

 

$89,562

 

Six months ended June 30, 2021

 

$305,996

 

Teucrium Sugar Fund [Member]  
Brokerage Commissions

 

 

CANE

 

Three Months Ended June 30, 2022

 

$20,341

 

Three Months Ended June 30, 2021

 

$8,957

 

Six Months Ended June 30, 2022

 

$26,536

 

Six Months Ended June 30, 2021

 

$12,434

 

Related Party Transactions

 

 

Three months ended June 30, 2022

 

 

Three months ended June 30, 2021

 

 

Six months ended June 30, 2022

 

 

Six months ended June 30, 2021

 

Recognized Related Party Transactions

 

$35,293

 

 

$27,519

 

 

$71,422

 

 

$47,769

 

Waived Related Party Transactions

 

$18,957

 

 

$10,388

 

 

$25,739

 

 

$19,198

 

Expenses Waived By The Sponsor

 

 

CANE

 

Three months ended June 30, 2022

 

$49,371

 

Three months ended June 30, 2021

 

$31,549

 

Six months ended June 30, 2022

 

$78,237

 

Six months ended June 30, 2021

 

$58,039

 

Teucrium Wheat Fund [Member]  
Brokerage Commissions

 

 

WEAT

 

Three Months Ended June 30, 2022

 

$198,392

 

Three Months Ended June 30, 2021

 

$11,048

 

Six Months Ended June 30, 2022

 

$279,543

 

Six Months Ended June 30, 2021

 

$22,523

 

Related Party Transactions

 

 

Three months ended June 30, 2022

 

 

Three months ended June 30, 2021

 

 

Six months ended June 30, 2022

 

 

Six months ended June 30, 2021

 

Recognized Related Party Transactions

 

$479,251

 

 

$125,598

 

 

$653,054

 

 

$226,469

 

Waived Related Party Transactions

 

$194,587

 

 

$49,160

 

 

$224,587

 

 

$63,859

 

Expenses Waived By The Sponsor

 

 

WEAT

 

Three months ended June 30, 2022

 

$339,308

 

Three months ended June 30, 2021

 

$95,936

 

Six months ended June 30, 2022

 

$425,164

 

Six months ended June 30, 2021

 

$124,651

 

Teucrium Agricultural Fund [Member]  
Related Party Transactions

 

 

Three months ended June 30, 2022

 

 

Three months ended June 30, 2021

 

 

Six months ended June 30, 2022

 

 

Six months ended June 30, 2021

 

Recognized Related Party Transactions

 

$33,344

 

 

$11,217

 

 

$58,191

 

 

$15,107

 

Waived Related Party Transactions

 

$25,844

 

 

$9,060

 

 

$46,978

 

 

$11,053

 

Expenses Waived By The Sponsor

 

 

TAGS

 

Three months ended June 30, 2022

 

$59,160

 

Three months ended June 30, 2021

 

$21,459

 

Six months ended June 30, 2022

 

$114,163

 

Six months ended June 30, 2021

 

$35,595

 

Teucrium Corn Fund [Member]  
Brokerage Commissions

 

 

CORN

 

Three Months Ended June 30, 2022

 

$102,336

 

Three Months Ended June 30, 2021

 

$41,225

 

Six Months Ended June 30, 2022

 

$133,575

 

Six Months Ended June 30, 2021

 

$75,191

 

Summary Of Cash Investments

 

 

June 30, 2022

 

 

December 31, 2021

 

Money Market Funds

 

$60,703,965

 

 

$11,399,662

 

Demand Deposit Savings Accounts

 

 

55,202,781

 

 

 

50,122,297

 

Commercial Paper

 

 

114,843,622

 

 

 

53,490,781

 

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

 

$230,750,368

 

 

$115,012,740

 

Related Party Transactions

 

 

Three months ended June 30, 2022

 

 

Three months ended June 30, 2021

 

 

Six months ended June 30, 2022

 

 

Six months ended June 30, 2021

 

Recognized Related Party Transactions

 

$249,320

 

 

$313,998

 

 

$482,817

 

 

$555,085

 

Waived Related Party Transactions

 

$111,525

 

 

$149,274

 

 

$149,721

 

 

$219,168

 

Expenses Waived By The Sponsor

 

 

CORN

 

Three months ended June 30, 2022

 

$221,478

 

Three months ended June 30, 2021

 

$321,515

 

Six months ended June 30, 2022

 

$345,855

 

Six months ended June 30, 2021

 

$441,781