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STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Teucrium Commodity Trust - Combined [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (2,915,768) | $ 574,407 | $ (2,673,627) | $ (1,988,014)
Net change in unrealized appreciation or depreciation on commodity futures contracts | 11,935,606 | 163,222 | 12,630,493 | 750,261
Interest Income | 417,772 | 148,903 | 740,121 | 275,624
Total income (loss) | 9,437,610 | 886,532 | 10,696,987 | (962,129)
Expenses |  |  |  |
Management fees | 383,816 | 281,014 | 776,163 | 521,497
Professional fees | 288,414 | 258,798 | 631,238 | 547,949
Distribution and marketing fees | 659,278 | 499,737 | 1,197,615 | 968,563
Custodian fees and expenses | 87,724 | 74,353 | 171,818 | 135,289
Business permits and licenses fees | 21,347 | 17,778 | 58,013 | 43,468
General and administrative expenses | 78,983 | 54,778 | 145,979 | 113,140
Brokerage commissions | 39,974 | 24,736 | 77,320 | 51,410
Other expenses | 23,275 | 20,832 | 43,395 | 40,620
Total expenses | 1,582,811 | 1,232,026 | 3,101,541 | 2,421,936
Expenses waived by the Sponsor | (176,704) | (63,219) | (261,465) | (98,556)
Total expenses, net | 1,406,107 | 1,168,807 | 2,840,076 | 2,323,380
Net income (loss) | 8,031,503 | (282,275) | 7,856,911 | (3,285,509)
Teucrium Corn Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized (loss) gain on commodity futures contracts | (727,988) | (300,213) | (447,212) | (2,392,088)
Net change in unrealized appreciation or depreciation on commodity futures contracts | 1,454,725 | 403,163 | 2,394,975 | 251,063
Interest Income | 183,500 | 87,118 | 331,872 | 164,229
Total income (loss) | 910,237 | 190,068 | 2,279,635 | (1,976,796)
Expenses |  |  |  |
Management fees | 167,806 | 163,420 | 348,974 | 308,872
Professional fees | 133,771 | 182,000 | 308,701 | 413,825
Distribution and marketing fees | 344,557 | 265,400 | 596,297 | 554,250
Custodian fees and expenses | 40,650 | 40,200 | 82,375 | 81,460
Business permits and licenses fees | 5,644 | 3,050 | 16,229 | 7,600
General and administrative expenses | 38,162 | 23,500 | 71,632 | 57,005
Brokerage commissions | 20,935 | 14,400 | 42,225 | 32,600
Other expenses | 11,101 | 8,350 | 20,861 | 18,060
Total expenses | 762,626 | 700,320 | 1,487,294 | 1,473,672
Expenses waived by the Sponsor | (133,820) |  | (168,820) |
Total expenses, net | 628,806 | 700,320 | 1,318,474 | 1,473,672
Net income (loss) | $ 281,431 | $ (510,252) | $ 961,161 | $ (3,450,468)
Net income (loss) per share (in dollars per share) | $ 0.08 | $ 0.15 | $ 0.32 | $ (0.90)
Net income (loss) per weighted average share (in dollars per share) | $ 0.08 | $ (0.17) | $ 0.26 | $ (1.20)
Weighted average shares outstanding (in shares) | 3,553,301 | 3,012,641 | 3,677,766 | 2,886,542
Teucrium Soybean Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (311,413) | $ 861,575 | $ 31,500 | $ 961,900
Net change in unrealized appreciation or depreciation on commodity futures contracts | 378,988 | 1,246,300 | (452,163) | 1,590,925
Interest Income | 31,405 | 16,167 | 57,169 | 27,294
Total income (loss) | 98,980 | 2,124,042 | (363,494) | 2,580,119
Expenses |  |  |  |
Management fees | 28,996 | 30,449 | 60,225 | 51,818
Professional fees | 29,731 | 9,134 | 66,749 | 19,921
Distribution and marketing fees | 40,549 | 58,944 | 80,197 | 95,013
Custodian fees and expenses | 4,839 | 7,723 | 10,570 | 11,940
Business permits and licenses fees | 4,889 | 4,610 | 9,536 | 9,146
General and administrative expenses | 5,846 | 8,587 | 10,840 | 14,403
Brokerage commissions | 1,740 | 439 | 3,399 | 1,507
Other expenses | 1,861 | 2,824 | 3,735 | 5,446
Total expenses | 118,451 | 122,710 | 245,251 | 209,194
Expenses waived by the Sponsor | (12,109) | 0 | (27,109) | 0
Total expenses, net | 106,342 | 122,710 | 218,142 | 209,194
Net income (loss) | $ (7,362) | $ 2,001,332 | $ (581,636) | $ 2,370,925
Net income (loss) per share (in dollars per share) | $ (0.01) | $ 3.35 | $ (0.98) | $ 4.03
Net income (loss) per weighted average share (in dollars per share) | $ (0.01) | $ 3.25 | $ (0.90) | $ 4.28
Weighted average shares outstanding (in shares) | 647,257 | 616,488 | 649,452 | 553,713
Teucrium Sugar Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (1,381,867) | $ 1,010,632 | $ (1,588,115) | $ 1,008,874
Net change in unrealized appreciation or depreciation on commodity futures contracts | (214,032) | 325,998 | (590,957) | 323,523
Interest Income | 19,921 | 7,671 | 30,851 | 13,532
Total income (loss) | (1,575,978) | 1,344,301 | (2,148,221) | 1,345,929
Expenses |  |  |  |
Management fees | 18,985 | 15,249 | 32,938 | 26,717
Professional fees | 10,658 | 14,605 | 22,402 | 17,509
Distribution and marketing fees | 29,954 | 39,454 | 46,198 | 63,091
Custodian fees and expenses | 4,097 | 7,351 | 6,391 | 7,351
Business permits and licenses fees | 5,766 | 5,805 | 7,891 | 6,562
General and administrative expenses | 6,205 | 5,848 | 7,250 | 7,053
Brokerage commissions | 2,176 | 2,592 | 3,851 | 3,671
Other expenses | 1,159 | 2,116 | 1,715 | 3,399
Total expenses | 79,000 | 93,020 | 128,636 | 135,353
Expenses waived by the Sponsor | (25,286) | (58,406) | (38,364) | (73,386)
Total expenses, net | 53,714 | 34,614 | 90,272 | 61,967
Net income (loss) | $ (1,629,692) | $ 1,309,687 | $ (2,238,493) | $ 1,283,962
Net income (loss) per share (in dollars per share) | $ (2.15) | $ 2.39 | $ (3.33) | $ 2.90
Net income (loss) per weighted average share (in dollars per share) | $ (2.26) | $ 2.43 | $ (3.91) | $ 2.53
Weighted average shares outstanding (in shares) | 719,784 | 539,290 | 572,932 | 507,559
Teucrium Wheat Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (494,500) | $ (997,587) | $ (669,800) | $ (1,566,700)
Net change in unrealized appreciation or depreciation on commodity futures contracts | 10,315,925 | (1,812,239) | 11,278,638 | (1,415,250)
Interest Income | 182,942 | 37,943 | 320,223 | 70,563
Total income (loss) | 10,004,367 | (2,771,883) | 10,929,061 | (2,911,387)
Expenses |  |  |  |
Management fees | 168,029 | 71,896 | 334,026 | 134,090
Professional fees | 111,992 | 50,890 | 227,118 | 92,097
Distribution and marketing fees | 241,007 | 132,882 | 465,670 | 247,209
Custodian fees and expenses | 37,540 | 18,507 | 71,284 | 33,201
Business permits and licenses fees | 5,041 | 4,313 | 12,225 | 8,045
General and administrative expenses | 27,964 | 16,286 | 55,063 | 33,663
Brokerage commissions | 15,123 | 7,190 | 27,845 | 13,409
Other expenses | 9,002 | 7,439 | 16,739 | 13,439
Total expenses | 615,698 | 309,403 | 1,209,970 | 575,153
Total expenses, net | 615,698 | 309,403 | 1,209,970 | 575,153
Net income (loss) | $ 9,388,669 | $ (3,081,286) | $ 9,719,091 | $ (3,486,540)
Net income (loss) per share (in dollars per share) | $ 0.91 | $ (0.79) | $ 0.95 | $ (0.93)
Net income (loss) per weighted average share (in dollars per share) | $ 0.97 | $ (0.95) | $ 1.02 | $ (1.16)
Weighted average shares outstanding (in shares) | 9,728,026 | 3,248,905 | 9,534,534 | 3,017,312
Teucrium Agricultural Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (87,638) | $ (26,170) | $ (141,812) | $ (41,558)
Net change in unrealized appreciation on securities | 68,112 | 131,077 | 83,131 | 155,712
Interest Income | 4 | 4 | 6 | 6
Total income (loss) | (19,522) | 104,911 | (58,675) | 114,160
Expenses |  |  |  |
Professional fees | 2,262 | 2,169 | 6,268 | 4,597
Distribution and marketing fees | 3,211 | 3,057 | 9,253 | 9,000
Custodian fees and expenses | 598 | 572 | 1,198 | 1,337
Business permits and licenses fees | 7 |  | 12,132 | 12,115
General and administrative expenses | 806 | 557 | 1,194 | 1,016
Brokerage commissions |  | 115 |  | 223
Other expenses | 152 | 103 | 345 | 276
Total expenses | 7,036 | 6,573 | 30,390 | 28,564
Expenses waived by the Sponsor | (5,489) | (4,813) | (27,172) | (25,170)
Total expenses, net | 1,547 | 1,760 | 3,218 | 3,394
Net income (loss) | $ (21,069) | $ 103,151 | $ (61,893) | $ 110,766
Net income (loss) per share (in dollars per share) | $ (0.42) | $ 2.06 | $ (1.24) | $ 2.21
Net income (loss) per weighted average share (in dollars per share) | $ (0.42) | $ 2.06 | $ (1.24) | $ 2.22
Weighted average shares outstanding (in shares) | 50,002 | 50,002 | 50,002 | 50,002

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