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Organization and Operation (Tables) | 9 Months Ended
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Sep. 30, 2017
Teucrium Corn Fund [Member] |
Schedule of benchmark weighting of futures contracts applied to NAV | The investment objective of CORN is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for corn (“Corn Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”): CORN Benchmark
CBOT Corn Futures Contract | Weighting
Second to expire | 35%
Third to expire | 30%
December following the third to expire | 35%
Teucrium Soybean Fund [Member] |
Schedule of benchmark weighting of futures contracts applied to NAV | The investment objective of SOYB is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for soybeans (“Soybeans Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”): SOYB Benchmark
CBOT Soybeans Futures Contract | Weighting
Second to expire (excluding August & September) | 35%
Third to expire (excluding August & September) | 30%
Expiring in the November following the expiration of the third-to-expire contract | 35%
Teucrium Sugar Fund [Member] |
Schedule of benchmark weighting of futures contracts applied to NAV | The investment objective of CANE is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for No. 11 sugar (“Sugar Futures Contracts”) that are traded on the ICE Futures US (“ICE”): CANE Benchmark
ICE Sugar Futures Contract | Weighting
Second to expire | 35%
Third to expire | 30%
Expiring in the March following the expiration of the third-to-expire contract | 35%
Teucrium Wheat Fund [Member] |
Schedule of benchmark weighting of futures contracts applied to NAV | The investment objective of WEAT is to have the daily changes in percentage terms of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (“Wheat Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”): WEAT Benchmark
CBOT Wheat Futures Contract | Weighting
Second to expire | 35%
Third to expire | 30%
December following the third-to-expire | 35%
Teucrium Agricultural Fund [Member] |
Schedule of benchmark weighting of futures contracts applied to NAV | The investment objective of the TAGS is to have the daily changes in percentage terms of the NAV of its Shares reflect the daily changes in percentage terms of a weighted average (the “Underlying Fund Average”) of the NAVs per share of four other commodity pools that are series of the Trust and are sponsored by the Sponsor: the Teucrium Corn Fund, the Teucrium Wheat Fund, the Teucrium Soybean Fund and the Teucrium Sugar Fund (collectively, the “Underlying Funds”). The Underlying Fund Average will have a weighting of 25% to each Underlying Fund, and the Fund’s assets will be rebalanced, generally on a daily basis, to maintain the approximate 25% allocation to each Underlying Fund: TAGS Benchmark
Underlying Fund | Weighting
CORN | 25%
SOYB | 25%
CANE | 25%
WEAT | 25%
The investment objective of each Underlying Fund is to have the daily changes in percentage terms of its shares’ NAV reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for certain Futures Contracts for the commodity specified in the Underlying Fund’s name. (This weighted average is referred to herein as the Underlying Fund’s “Benchmark,” the Futures Contracts that at any given time make up an Underlying Fund’s Benchmark are referred to herein as the Underlying Fund’s “Benchmark Component Futures Contracts,” and the commodity specified in the Underlying Fund’s name is referred to herein as its “Specified Commodity.”) Specifically, the Teucrium Corn Fund’s Benchmark is: CORN Benchmark
CBOT Corn Futures Contract | Weighting
Second to expire | 35%
Third to expire | 30%
December following the third to expire | 35%
The Teucrium Wheat Fund’s Benchmark is: WEAT Benchmark
CBOT Wheat Futures Contract | Weighting
Second to expire | 35%
Third to expire | 30%
December following the third-to-expire | 35%
The Teucrium Soybean Fund’s Benchmark is: SOYB Benchmark
CBOT Soybeans Futures Contract | Weighting
Second to expire (excluding August & September) | 35%
Third to expire (excluding August & September) | 30%
Expiring in the November following the expiration of the third-to-expire contract | 35%
The Teucrium Sugar Fund’s Benchmark is: CANE Benchmark
ICE Sugar Futures Contract | Weighting
Second to expire | 35%
Third to expire | 30%
Expiring in the March following the expiration of the third-to-expire contract | 35%

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- Definition The summary of the benchmarks for future contracts applied to NAV. + References No definition available. + Details
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