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STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Teucrium Commodity Trust - Combined [Member] |  |
Income |  |
Realized gain (loss) on commodity futures contracts | $ 242,139 | $ (2,562,421)
Net change in unrealized appreciation on commodity futures contracts | 694,888 | 587,039
Interest income | 322,351 | 126,721
Total income (loss) | 1,259,378 | (1,848,661)
Expenses |  |
Management fees | 392,348 | 240,483
Professional fees | 342,822 | 289,151
Distribution and marketing fees | 538,338 | 468,826
Custodian fees and expenses | 84,093 | 60,936
Business permits and licenses fees | 36,667 | 25,690
General and administrative expenses | 66,995 | 58,362
Brokerage commissions | 37,346 | 26,674
Other expenses | 20,120 | 19,788
Total expenses | 1,518,729 | 1,189,910
Expenses waived by the Sponsor | (84,761) | (35,337)
Total expenses, net | 1,433,968 | 1,154,573
Net income (loss) | (174,590) | (3,003,234)
Teucrium Corn Fund [Member] |  |
Income |  |
Realized gain (loss) on commodity futures contracts | 280,775 | (2,091,875)
Net change in unrealized appreciation on commodity futures contracts | 940,250 | (152,100)
Interest income | 148,373 | 77,111
Total income (loss) | 1,369,398 | (2,166,864)
Expenses |  |
Management fees | 181,168 | 145,452
Professional fees | 174,930 | 231,825
Distribution and marketing fees | 251,740 | 288,850
Custodian fees and expenses | 41,725 | 41,260
Business permits and licenses fees | 10,585 | 4,550
General and administrative expenses | 33,470 | 33,505
Brokerage commissions | 21,290 | 18,200
Other expenses | 9,760 | 9,710
Total expenses | 724,668 | 773,352
Expenses waived by the Sponsor | (35,000) |
Total expenses, net | 689,668 | 773,352
Net income (loss) | $ 679,730 | $ (2,940,216)
Net income (loss) per share (in dollars per share) | $ 0.24 | $ (1.05)
Net income (loss) per weighted average share (in dollars per share) | $ 0.18 | $ (1.07)
Weighted average shares outstanding (in shares) | 3,803,615 | 2,760,444
Teucrium Soybean Fund [Member] |  |
Income |  |
Realized gain (loss) on commodity futures contracts | $ 342,912 | $ 100,325
Net change in unrealized appreciation on commodity futures contracts | (831,150) | 344,625
Interest income | 25,764 | 11,127
Total income (loss) | (462,474) | 456,077
Expenses |  |
Management fees | 31,229 | 21,369
Professional fees | 37,019 | 10,787
Distribution and marketing fees | 39,648 | 36,069
Custodian fees and expenses | 5,731 | 4,217
Business permits and licenses fees | 4,647 | 4,536
General and administrative expenses | 4,993 | 5,816
Brokerage commissions | 1,659 | 1,068
Other expenses | 1,874 | 2,622
Total expenses | 126,800 | 86,484
Expenses waived by the Sponsor | (15,000) |
Total expenses, net | 111,800 | 86,484
Net income (loss) | $ (574,274) | $ 369,593
Net income (loss) per share (in dollars per share) | $ (0.97) | $ 0.68
Net income (loss) per weighted average share (in dollars per share) | $ (0.88) | $ 0.75
Weighted average shares outstanding (in shares) | 651,671 | 490,938
Teucrium Sugar Fund [Member] |  |
Income |  |
Realized gain (loss) on commodity futures contracts | $ (206,248) | $ (1,758)
Net change in unrealized appreciation on commodity futures contracts | (376,925) | (2,475)
Interest income | 10,930 | 5,861
Total income (loss) | (572,243) | 1,628
Expenses |  |
Management fees | 13,954 | 11,468
Professional fees | 11,743 | 2,904
Distribution and marketing fees | 16,244 | 23,637
Custodian fees and expenses | 2,293 |
Business permits and licenses fees | 2,126 | 757
General and administrative expenses | 1,045 | 1,205
Brokerage commissions | 1,675 | 1,079
Other expenses | 555 | 1,283
Total expenses | 49,635 | 42,333
Expenses waived by the Sponsor | (13,078) | (14,980)
Total expenses, net | 36,557 | 27,353
Net income (loss) | $ (608,800) | $ (25,725)
Net income (loss) per share (in dollars per share) | $ (1.18) | $ 0.51
Net income (loss) per weighted average share (in dollars per share) | $ (1.43) | $ (0.05)
Weighted average shares outstanding (in shares) | 424,448 | 475,828
Teucrium Wheat Fund [Member] |  |
Income |  |
Realized gain (loss) on commodity futures contracts | $ (175,300) | $ (569,113)
Net change in unrealized appreciation on commodity futures contracts | 962,713 | 396,989
Interest income | 137,281 | 32,620
Total income (loss) | 924,694 | (139,504)
Expenses |  |
Management fees | 165,997 | 62,194
Professional fees | 115,125 | 41,207
Distribution and marketing fees | 224,663 | 114,327
Custodian fees and expenses | 33,744 | 14,694
Business permits and licenses fees | 7,184 | 3,732
General and administrative expenses | 27,099 | 17,377
Brokerage commissions | 12,722 | 6,219
Other expenses | 7,737 | 6,000
Total expenses | 594,271 | 265,750
Total expenses, net | 594,271 | 265,750
Net income (loss) | $ 330,423 | $ (405,254)
Net income (loss) per share (in dollars per share) | $ 0.04 | $ (0.14)
Net income (loss) per weighted average share (in dollars per share) | $ 0.04 | $ (0.15)
Weighted average shares outstanding (in shares) | 9,338,893 | 2,785,718
Teucrium Agricultural Fund [Member] |  |
Income |  |
Realized gain (loss) on commodity futures contracts | $ (54,174) | $ (15,388)
Net change in unrealized appreciation on commodity futures contracts | 15,019 | 24,635
Interest income | 3 | 2
Total income (loss) | (39,152) | 9,249
Expenses |  |
Professional fees | 4,005 | 2,428
Distribution and marketing fees | 6,043 | 5,943
Custodian fees and expenses | 600 | 765
Business permits and licenses fees | 12,125 | 12,115
General and administrative expenses | 388 | 459
Brokerage commissions |  | 108
Other expenses | 194 | 173
Total expenses | 23,355 | 21,991
Expenses waived by the Sponsor | (21,683) | (20,357)
Total expenses, net | 1,672 | 1,634
Net income (loss) | $ (40,824) | $ 7,615
Net income (loss) per share (in dollars per share) | $ (0.82) | $ 0.15
Net income (loss) per weighted average share (in dollars per share) | $ (0.82) | $ 0.15
Weighted average shares outstanding (in shares) | 50,002 | 50,002

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