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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2022
Teucrium Commodity Trust - Combined [Member]  
Schedule Of Assets And Liabilities Measured At Fair Value

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Cash Equivalents

 

$679,358,773

 

 

$-

 

 

$-

 

 

$679,358,773

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

 

1,149,852

 

 

 

-

 

 

 

-

 

 

 

1,149,852

 

Sugar futures contracts

 

 

10,878

 

 

 

-

 

 

 

-

 

 

 

10,878

 

Total

 

$680,519,503

 

 

$-

 

 

$-

 

 

$680,519,503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

$21,618,156

 

 

$-

 

 

$-

 

 

$21,618,156

 

Soybean futures contracts

 

 

378,260

 

 

 

-

 

 

 

-

 

 

 

378,260

 

Sugar futures contracts

 

 

279,100

 

 

 

-

 

 

 

-

 

 

 

279,100

 

Wheat futures contracts

 

 

94,000,821

 

 

 

-

 

 

 

-

 

 

 

94,000,821

 

Total

 

$116,276,337

 

 

$-

 

 

$-

 

 

$116,276,337

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

June 30, 2022

    

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Cash Equivalents

 

$64,975,826

 

 

$-

 

 

$-

 

 

$64,975,826

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

 

1,149,852

 

 

 

-

 

 

 

-

 

 

 

1,149,852

 

Total

 

$66,125,678

 

 

$-

 

 

$-

 

 

$66,125,678

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

$378,260

 

 

$-

 

 

$-

 

 

$378,260

 

    

December 31, 2021

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$32,959,947

 

 

$-

 

 

$-

 

 

$32,959,947

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

 

2,684,851

 

 

 

-

 

 

 

-

 

 

 

2,684,851

 

Total

 

$35,644,798

 

 

$-

 

 

$-

 

 

$35,644,798

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

June 30, 2022

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Cash Equivalents

 

$21,567,682

 

 

$-

 

 

$-

 

 

$21,567,682

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

 

10,878

 

 

 

-

 

 

 

-

 

 

 

10,878

 

Total

 

$21,578,560

 

 

$-

 

 

$-

 

 

$21,578,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

$279,100

 

 

$-

 

 

$-

 

 

$279,100

 

 

December 31, 2021

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$12,316,423

 

 

$-

 

 

$-

 

 

$12,316,423

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sugar futures contracts

 

$80,506

 

 

$-

 

 

$-

 

 

$80,506

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

June 30, 2022

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Cash Equivalents

 

$417,265,808

 

 

$-

 

 

$-

 

 

$417,265,808

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wheat futures contracts

 

$94,000,821

 

 

$-

 

 

$-

 

 

$94,000,821

 

 

December 31, 2021

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$42,777,585

 

 

$-

 

 

$-

 

 

$42,777,585

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wheat futures contracts

 

$654,969

 

 

$-

 

 

$-

 

 

$654,969

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

June 30, 2022

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Exchange Traded Funds

 

$47,411,028

 

 

$-

 

 

$-

 

 

$47,411,028

 

Cash Equivalents

 

 

1,870

 

 

 

-

 

 

 

-

 

 

 

1,870

 

Total

 

$47,412,898

 

 

$-

 

 

$-

 

 

$47,412,898

 

December 31, 2021

 

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

June 30, 2022

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Cash Equivalents

 

$175,547,587

 

 

$-

 

 

$-

 

 

$175,547,587

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of June 30, 2022

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

$21,618,156

 

 

$-

 

 

$-

 

 

$21,618,156

 

   

December 31, 2021

 

Assets:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance as of December 31, 2021

 

Cash Equivalents

 

$64,890,443

 

 

$-

 

 

$-

 

 

$64,890,443

 

Commodity Futures Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

 

5,936,552

 

 

 

-

 

 

 

-

 

 

 

5,936,552

 

Total

 

$70,826,995

 

 

$-

 

 

$-

 

 

$70,826,995