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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2022
Teucrium Commodity Trust - Combined [Member]  
Schedule Of Fair Value Of Derivative Instruments

Offsetting of Financial Assets and Derivative Assets as of June 30, 2022

   

 

 

(i)

 

 

(ii)

 

 

(iii) = (i)-(ii)

 

 

(iv)

 

 

(v)=(iii)-(iv)

 

 

 

 

 

 

 

 

 

 

 

 

Gross Amount Not Offset in the combined Statement of Assets and Liabilities

 

 

 

 

Description

 

Gross Amount of Recognized Assets

 

 

Gross Amount Offset in the combined Statement of Assets and Liabilities

 

 

Net Amount Presented in the combined Statement of Assets and Liabilities

 

 

Futures Contracts Available for Offset

 

 

Collateral, Due to Broker

 

 

Net Amount

 

Commodity Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

$1,149,852

 

 

$-

 

 

$1,149,852

 

 

$378,260

 

 

$-

 

 

$771,592

 

Sugar futures contracts

 

$10,878

 

 

$-

 

 

$10,878

 

 

$10,878

 

 

$-

 

 

$-

 

 

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2022

 

 

 

(i)

 

 

(ii)

 

 

(iii) = (i)-(ii)

 

 

(iv)

 

 

(v)=(iii)-(iv)

 

 

 

 

 

 

 

 

 

 

 

 

Gross Amount Not Offset in the combined Statement of Assets and Liabilities

 

 

 

 

Description

 

Gross Amount of Recognized Liabilities

 

 

Gross Amount Offset in the combined Statement of Assets and Liabilities

 

 

Net Amount Presented in the combined Statement of Assets and Liabilities

 

 

Futures Contracts Available for Offset

 

 

Collateral, Due from Broker*

 

 

Net Amount

 

Commodity Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

$21,618,156

 

 

$-

 

 

$21,618,156

 

 

$-

 

 

$21,618,156

 

 

$-

 

Soybean futures contracts

 

$378,260

 

 

$-

 

 

$378,260

 

 

$378,260

 

 

$-

 

 

$-

 

Sugar futures contracts

 

$279,100

 

 

$-

 

 

$279,100

 

 

$10,878

 

 

$268,222

 

 

$-

 

Wheat futures contracts

 

$94,000,821

 

 

$-

 

 

$94,000,821

 

 

$-

 

 

$94,000,821

 

 

$-

 

 

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 combined Statement of Assets and Liabilities

 

 

 

 

Description

 

Gross Amount of Recognized Assets

 

 

Gross Amount Offset in the combined Statement of Assets and Liabilities

 

 

Net Amount Presented in the combined 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

 

 

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 combined Statement of Assets and Liabilities

 

 

 

 

Description

 

Gross Amount of Recognized Liabilities

 

 

Gross Amount Offset in the combined Statement of Assets and Liabilities

 

 

Net Amount Presented in the combined 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

 

 

$-

 

 

$-

 

Offsetting of Financial Assets and Derivative Assets as of June 30, 2022

 

 

 

(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

 

$1,149,852

 

 

$-

 

 

$1,149,852

 

 

$378,260

 

 

$-

 

 

$771,592

 

 

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2022

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Soybean futures contracts

 

$378,260

 

 

$-

 

 

$378,260

 

 

$378,260

 

 

$-

 

 

$-

 

 

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

 
Teucrium Soybean Fund [Member]  
Summary Of Realized And Unrealized Gains (losses) Of The Derivative Instruments

Three months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Soybean futures contracts

 

 

2,645,146

 

 

 

(2,827,976)

  

Three months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Soybean futures contracts

 

 

7,663,258

 

 

 

684,574

 

    

Six months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Soybean futures contracts

 

 

9,697,847

 

 

 

(1,913,259)

 

Six months ended June 30, 2021

  

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Soybean futures contracts

 

 

25,817,715

 

 

 

(8,039,938)
Teucrium Sugar Fund [Member]  
Schedule Of Fair Value Of Derivative Instruments

Offsetting of Financial Assets and Derivative Assets as of June 30, 2022

    

 

 

(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

 

$10,878

 

 

$-

 

 

$10,878

 

 

$10,878

 

 

$-

 

 

$-

 

 

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2022

    

 

 

(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

 

$279,100

 

 

$-

 

 

$279,100

 

 

$10,878

 

 

$268,222

 

 

$-

 

 

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

 

 

$-

 

 

$-

 
Summary Of Realized And Unrealized Gains (losses) Of The Derivative Instruments

Three months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$22,454,084

 

 

$(47,449,038)

Soybean futures contracts

 

 

2,645,146

 

 

 

(2,827,976)

Sugar futures contracts

 

 

401,262

 

 

 

(2,174,684)

Wheat futures contracts

 

 

1,412,938

 

 

 

(60,209,162)

Total commodity futures contracts

 

$26,913,430

 

 

$(112,660,860)

 

Three months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$36,449,652

 

 

$(2,942,665)
Soybean futures contracts

 

 

7,663,258

 

 

 

684,574

 

Sugar futures contracts

 

 

2,012,151

 

 

 

1,163,959

 

Wheat futures contracts

 

 

7,160,668

 

 

 

3,250,623

 

Total commodity futures contracts

 

$53,285,729

 

 

$2,156,491

 

 

Six months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$39,023,065

 

 

$(27,554,708)

Soybean futures contracts

 

 

9,697,847

 

 

 

(1,913,259)

Sugar futures contracts

 

 

471,423

 

 

 

(1,266,942)

Wheat futures contracts

 

 

39,419,505

 

 

 

(97,060,524)

Total commodity futures contracts

 

$88,611,840

 

 

$(127,795,433)

 

Six months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$55,246,132

 

 

$(1,620,934)

Soybean futures contracts

 

 

25,817,715

 

 

 

(8,039,938)

Sugar futures contracts

 

 

3,265,631

 

 

 

557,117

 

Wheat futures contracts

 

 

10,080,116

 

 

 

(1,805,050)

Total commodity futures contracts

 

$94,409,594

 

 

$(10,908,805)

Three months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Sugar futures contracts

 

 

401,262

 

 

 

(2,174,684)

  

Three months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Sugar futures contracts

 

 

2,012,151

 

 

 

1,163,959

 

  

Six months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Sugar futures contracts

 

 

471,423

 

 

 

(1,266,942)

 

Six months ended June 30, 2021

    

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Sugar futures contracts

 

 

3,265,631

 

 

 

557,117

 
Teucrium Wheat Fund [Member]  
Schedule Of Fair Value Of Derivative Instruments

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2022

    

 

 

(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

 

$94,000,821

 

 

$-

 

 

$94,000,821

 

 

$-

 

 

$94,000,821

 

 

$-

 

 

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

 

 

$-

 

 

$-

 
Summary Of Realized And Unrealized Gains (losses) Of The Derivative Instruments

Three months ended June 30, 2022

    

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Wheat futures contracts

 

 

1,412,938

 

 

 

(60,209,162)

  

Three months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Appreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Wheat futures contracts

 

 

7,160,668

 

 

 

3,250,623

 

 

Six months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Wheat futures contracts

 

 

39,419,505

 

 

 

(97,060,524)

 

Six months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Wheat futures contracts

 

 

10,080,116

 

 

 

(1,805,050)
Teucrium Corn Fund [Member]  
Schedule Of Fair Value Of Derivative Instruments

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2022

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn futures contracts

 

$21,618,156

 

 

$-

 

 

$21,618,156

 

 

$-

 

 

$21,618,156

 

 

$-

 

 

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

 
Summary Of Realized And Unrealized Gains (losses) Of The Derivative Instruments

Three months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$22,454,084

 

 

$(47,449,038)

 

Three months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$36,449,652

 

 

$(2,942,665)

 

Six months ended June 30, 2022

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$39,023,065

 

 

$(27,554,708)

 

Six months ended June 30, 2021

 

 

 

Realized Gain on Commodity Futures Contracts

 

 

Net Change in Unrealized Depreciation on Commodity Futures Contracts

 

Commodity Price

 

 

 

 

 

 

Corn futures contracts

 

$55,246,132

 

 

$(1,620,934)