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STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Teucrium Commodity Trust - Combined [Member]        
Realized gain on commodity futures contracts $ 26,913,430 $ 53,285,729 $ 88,611,840 $ 94,409,594
Net change in unrealized (depreciation) appreciation on commodity futures contracts (112,660,860) 2,156,491 (127,795,433) (10,908,805)
Interest income 1,779,555 150,609 1,999,541 317,178
Total (loss) income (83,967,875) 55,592,829 (37,184,052) 83,817,967
Management fees 2,448,692 937,661 3,454,462 1,800,719
Professional fees 399,674 330,066 809,527 708,673
Distribution and marketing fees 1,127,864 833,633 1,887,941 1,588,276
Custodian fees and expenses 97,970 79,596 129,490 181,240
Business permits and licenses fees 43,549 20,253 97,375 96,354
General and administrative expenses 151,954 145,755 210,115 204,693
Other expenses 5 0 5 0
Total expenses 4,269,708 2,346,964 6,588,915 4,579,955
Expenses waived by the Sponsor (707,463) (713,878) (1,052,981) (966,062)
Total expenses, net 3,562,245 1,633,086 5,535,934 3,613,893
Net (loss) income (87,530,120) 53,959,743 (42,719,986) 80,204,074
Teucrium Soybean Fund [Member]        
Realized gain on commodity futures contracts 2,645,146 7,663,258 9,697,847 25,817,715
Net change in unrealized (depreciation) appreciation on commodity futures contracts (2,827,976) 684,574 (1,913,259) (8,039,938)
Interest income 156,528 37,192 184,364 84,629
Total (loss) income (26,302) 8,385,024 7,968,952 17,862,406
Management fees 201,951 219,143 337,666 461,252
Professional fees 21,564 97,258 85,551 206,761
Distribution and marketing fees 72,420 234,930 199,586 459,947
Custodian fees and expenses 5,464 20,965 11,006 52,440
Business permits and licenses fees 6,294 5,838 14,071 20,364
General and administrative expenses 26,799 42,936 36,397 60,049
Total expenses 334,492 621,070 684,277 1,260,813
Expenses waived by the Sponsor (38,146) (243,419) (89,562) (305,996)
Total expenses, net 296,346 377,651 594,715 954,817
Net (loss) income $ (322,648) $ 8,007,373 $ 7,374,237 $ 16,907,589
Net (loss) income per share $ 0.31 $ 2.21 $ 4.30 $ 4.30
Net (loss) income per weighted average share $ (0.11) $ 2.08 $ 2.94 $ 3.93
Weighted average shares outstanding 2,881,323 3,851,652 2,506,772 4,301,109
Teucrium Sugar Fund [Member]        
Realized gain on commodity futures contracts $ 401,262 $ 2,012,151 $ 471,423 $ 3,265,631
Net change in unrealized (depreciation) appreciation on commodity futures contracts (2,174,684) 1,163,959 (1,266,942) 557,117
Interest income 61,792 5,701 72,490 12,089
Total (loss) income (1,711,630) 3,181,811 (723,029) 3,834,837
Management fees 87,825 46,597 142,431 82,612
Professional fees 9,021 14,304 41,785 32,312
Distribution and marketing fees 44,085 29,264 92,055 62,339
Custodian fees and expenses 2,959 4,610 5,234 8,266
Business permits and licenses fees 16,794 2,851 25,011 21,196
General and administrative expenses 12,320 12,394 16,528 15,996
Total expenses 173,004 110,020 323,044 222,721
Expenses waived by the Sponsor (49,371) (31,549) (78,237) (58,039)
Total expenses, net 123,633 78,471 244,807 164,682
Net (loss) income $ (1,835,263) $ 3,103,340 $ (967,836) $ 3,670,155
Net (loss) income per share $ (0.30) $ 1.45 $ 0.09 $ 1.76
Net (loss) income per weighted average share $ (0.50) $ 1.33 $ (0.32) $ 1.68
Weighted average shares outstanding 3,644,509 2,329,674 3,036,330 2,182,739
Teucrium Wheat Fund [Member]        
Realized gain on commodity futures contracts $ 1,412,938 $ 7,160,668 $ 39,419,505 $ 10,080,116
Net change in unrealized (depreciation) appreciation on commodity futures contracts (60,209,162) 3,250,623 (97,060,524) (1,805,050)
Interest income 1,029,524 34,335 1,124,333 69,517
Total (loss) income (57,766,700) 10,445,626 (56,516,686) 8,344,583
Management fees 1,434,395 217,020 1,871,563 411,329
Professional fees 238,859 53,676 370,211 130,073
Distribution and marketing fees 632,036 157,640 887,465 298,681
Custodian fees and expenses 66,381 15,192 73,377 34,622
Business permits and licenses fees 13,751 2,170 26,714 21,601
General and administrative expenses 48,748 27,963 63,045 37,642
Total expenses 2,434,170 473,661 3,292,375 933,948
Expenses waived by the Sponsor (339,308) (95,936) (425,164) (124,651)
Total expenses, net 2,094,862 377,725 2,867,211 809,297
Net (loss) income $ (59,861,562) $ 10,067,901 $ (59,383,897) $ 7,535,286
Net (loss) income per share $ (0.80) $ 0.76 $ 1.65 $ 0.59
Net (loss) income per weighted average share $ (1.13) $ 0.77 $ (1.64) $ 0.58
Weighted average shares outstanding 53,085,993 13,111,817 36,163,126 12,898,761
Teucrium Agricultural Fund [Member]        
Net change in unrealized (depreciation) appreciation on commodity futures contracts $ (3,725,560) $ 1,027,924 $ (1,966,175) $ 1,140,774
Interest income 32 1 50 5
Total (loss) income (3,782,039) 1,015,855 (1,304,013) 1,080,349
Professional fees 12,642 5,784 29,893 8,703
Distribution and marketing fees 48,232 15,180 82,149 20,085
Custodian fees and expenses 4,676 1,049 4,869 1,725
Business permits and licenses fees 1,846 1,794 10,721 8,919
General and administrative expenses 5,378 1,617 7,961 2,060
Other expenses 5 0 5 0
Total expenses 72,779 25,424 135,598 41,492
Expenses waived by the Sponsor (59,160) (21,459) (114,163) (35,595)
Total expenses, net 13,619 3,965 21,435 5,897
Net (loss) income $ (3,795,658) $ 1,011,890 $ (1,325,448) $ 1,074,452
Net (loss) income per share $ (1.37) $ 3.64 $ 4.08 $ 4.94
Net (loss) income per weighted average share $ (3.08) $ 2.98 $ (1.46) $ 4.24
Weighted average shares outstanding 1,230,634 339,013 909,394 253,455
Realized (loss) gain on securities $ (56,511) $ (12,070) $ 662,112 $ (60,430)
Teucrium Corn Fund [Member]        
Realized gain on commodity futures contracts 22,454,084 36,449,652 39,023,065 55,246,132
Net change in unrealized (depreciation) appreciation on commodity futures contracts (47,449,038) (2,942,665) (27,554,708) (1,620,934)
Interest income 531,679 73,380 618,304 150,938
Total (loss) income (24,463,275) 33,580,367 12,086,661 53,776,136
Management fees 724,521 454,901 1,102,802 845,526
Professional fees 117,588 159,044 282,087 330,824
Distribution and marketing fees 331,091 396,619 626,686 747,224
Custodian fees and expenses 18,490 37,780 35,004 84,187
Business permits and licenses fees 4,864 7,600 20,858 24,274
General and administrative expenses 58,709 60,845 86,184 88,946
Total expenses 1,255,263 1,116,789 2,153,621 2,120,981
Expenses waived by the Sponsor (221,478) (321,515) (345,855) (441,781)
Total expenses, net 1,033,785 795,274 1,807,766 1,679,200
Net (loss) income $ (25,497,060) $ 32,785,093 $ 10,278,895 $ 52,096,936
Net (loss) income per share $ (2.11) $ 3.83 $ 3.48 $ 5.90
Net (loss) income per weighted average share $ (2.51) $ 3.61 $ 1.24 $ 5.62
Weighted average shares outstanding 10,146,433 9,091,488 8,266,993 9,265,335