XML 33 R6.htm IDEA: XBRL DOCUMENT
v3.8.0.1

COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Teucrium Commodity Trust - Combined [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized gain (loss) on commodity futures contracts | $ (363,195) | $ (11,187,329) | $ (3,036,823) | $ (13,175,344)
Net change in unrealized appreciation or depreciation on commodity futures contracts | (13,715,137) | (1,385,513) | (1,084,644) | (635,252)
Interest Income | 489,124 | 207,383 | 1,229,246 | 483,009
Total income (loss) | (13,589,208) | (12,365,459) | (2,892,221) | (13,327,587)
Expenses |  |  |  |
Management fees | 379,462 | 380,847 | 1,155,626 | 902,344
Professional fees | 352,288 | 438,651 | 983,524 | 986,600
Distribution and marketing fees | 715,384 | 721,439 | 1,912,998 | 1,690,002
Custodian fees and expenses | 91,666 | 88,672 | 263,485 | 223,961
Business permits and licenses fees | 19,849 | 28,854 | 77,862 | 72,322
General and administrative expenses | 74,494 | 60,148 | 220,472 | 173,288
Brokerage commissions | 44,377 | 30,802 | 121,696 | 82,213
Other expenses | 23,979 | 27,362 | 67,375 | 67,982
Total expenses | 1,701,499 | 1,776,775 | 4,803,038 | 4,198,712
Expenses waived by the Sponsor | (284,299) | (304,726) | (545,764) | (403,282)
Total expenses, net | 1,417,200 | 1,472,049 | 4,257,274 | 3,795,430
Net income (loss) | (15,006,408) | (13,837,508) | (7,149,495) | (17,123,017)
Teucrium Corn Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized gain (loss) on commodity futures contracts | (1,616,988) | (6,486,500) | (2,064,200) | (8,878,588)
Net change in unrealized appreciation or depreciation on commodity futures contracts | (3,363,975) | 937,100 | (969,000) | 1,188,163
Interest Income | 217,130 | 109,115 | 549,003 | 273,344
Total income (loss) | (4,763,833) | (5,440,285) | (2,484,197) | (7,417,081)
Expenses |  |  |  |
Management fees | 167,636 | 201,142 | 516,610 | 510,014
Professional fees | 134,545 | 228,200 | 443,246 | 642,025
Distribution and marketing fees | 317,813 | 354,406 | 914,110 | 908,656
Custodian fees and expenses | 38,350 | 38,950 | 120,725 | 120,410
Business permits and licenses fees | 5,911 | 4,250 | 22,140 | 11,850
General and administrative expenses | 32,968 | 22,128 | 104,600 | 79,133
Brokerage commissions | 22,225 | 16,775 | 64,450 | 49,375
Other expenses | 10,224 | 12,252 | 31,085 | 30,312
Total expenses | 729,672 | 878,103 | 2,216,966 | 2,351,775
Expenses waived by the Sponsor | (95,836) | (134,161) | (264,656) | (134,161)
Total expenses, net | 633,836 | 743,942 | 1,952,310 | 2,217,614
Net income (loss) | $ (5,397,669) | $ (6,184,227) | $ (4,436,507) | $ (9,634,695)
Net income (loss) per share (in dollars per share) | $ (1.49) | $ (1.63) | $ (1.17) | $ (2.53)
Net income (loss) per weighted average share (in dollars per share) | $ (1.48) | $ (1.46) | $ (1.21) | $ (2.88)
Weighted average shares outstanding (in shares) | 3,640,221 | 4,244,297 | 3,665,114 | 3,342,431
Teucrium Soybean Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized gain (loss) on commodity futures contracts | $ (24,025) | $ 28,163 | $ 7,475 | $ 990,062
Net change in unrealized appreciation or depreciation on commodity futures contracts | 241,863 | (1,612,025) | (210,300) | (21,100)
Interest Income | 39,234 | 16,996 | 96,402 | 44,291
Total income (loss) | 257,072 | (1,566,866) | (106,423) | 1,013,253
Expenses |  |  |  |
Management fees | 30,157 | 31,398 | 90,382 | 83,216
Professional fees | 39,502 | 77,033 | 106,251 | 96,954
Distribution and marketing fees | 54,527 | 59,675 | 134,724 | 154,687
Custodian fees and expenses | 7,908 | 7,291 | 18,479 | 19,231
Business permits and licenses fees | 4,223 | 4,451 | 13,759 | 13,598
General and administrative expenses | 6,515 | 7,453 | 17,354 | 21,856
Brokerage commissions | 2,007 |  | 5,406 | 1,507
Other expenses | 2,613 | 2,346 | 6,348 | 7,792
Total expenses | 147,452 | 189,647 | 392,703 | 398,841
Expenses waived by the Sponsor | (31,348) | (63,113) | (58,457) | (63,113)
Total expenses, net | 116,104 | 126,534 | 334,246 | 335,728
Net income (loss) | $ 140,968 | $ (1,693,400) | $ (440,669) | $ 677,525
Net income (loss) per share (in dollars per share) | $ 0.23 | $ (2.84) | $ (0.75) | $ 1.19
Net income (loss) per weighted average share (in dollars per share) | $ 0.22 | $ (2.58) | $ (0.68) | $ 1.15
Weighted average shares outstanding (in shares) | 650,004 | 656,526 | 649,638 | 588,234
Teucrium Sugar Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized gain (loss) on commodity futures contracts | $ (678,070) | $ 948,483 | $ (2,266,185) | $ 1,957,357
Net change in unrealized appreciation or depreciation on commodity futures contracts | 532,963 | (18,088) | (57,994) | 305,435
Interest Income | 24,194 | 9,517 | 55,045 | 23,050
Total income (loss) | (120,913) | 939,912 | (2,269,134) | 2,285,842
Expenses |  |  |  |
Management fees | 19,423 | 18,006 | 52,362 | 44,723
Professional fees | 21,298 | 21,511 | 43,699 | 39,020
Distribution and marketing fees | 40,751 | 28,782 | 86,949 | 91,874
Custodian fees and expenses | 7,684 | 5,786 | 14,075 | 13,137
Business permits and licenses fees | 4,786 | 6,136 | 12,677 | 12,697
General and administrative expenses | 3,771 | 4,649 | 11,021 | 11,702
Brokerage commissions | 2,765 | 2,826 | 6,615 | 6,498
Other expenses | 2,007 | 1,220 | 3,723 | 4,619
Total expenses | 102,485 | 88,916 | 231,121 | 224,270
Expenses waived by the Sponsor | (45,186) | (48,043) | (83,550) | (121,429)
Total expenses, net | 57,299 | 40,873 | 147,571 | 102,841
Net income (loss) | $ (178,212) | $ 899,039 | $ (2,416,705) | $ 2,183,001
Net income (loss) per share (in dollars per share) | $ (0.21) | $ 1.73 | $ (3.54) | $ 4.63
Net income (loss) per weighted average share (in dollars per share) | $ (0.23) | $ 1.67 | $ (3.75) | $ 4.22
Weighted average shares outstanding (in shares) | 784,515 | 538,319 | 644,235 | 517,887
Teucrium Wheat Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized gain (loss) on commodity futures contracts | $ 1,955,888 | $ (5,677,475) | $ 1,286,087 | $ (7,244,175)
Net change in unrealized appreciation or depreciation on commodity futures contracts | (11,125,988) | (692,500) | 152,650 | (2,107,750)
Interest Income | 208,562 | 71,752 | 528,785 | 142,314
Total income (loss) | (8,961,538) | (6,298,223) | 1,967,522 | (9,209,611)
Expenses |  |  |  |
Management fees | 162,246 | 130,301 | 496,272 | 264,391
Professional fees | 152,758 | 105,957 | 379,875 | 198,054
Distribution and marketing fees | 299,770 | 274,281 | 765,439 | 521,490
Custodian fees and expenses | 37,295 | 35,905 | 108,579 | 69,106
Business permits and licenses fees | 4,929 | 13,996 | 17,154 | 22,041
General and administrative expenses | 30,980 | 25,487 | 86,043 | 59,150
Brokerage commissions | 17,380 | 11,201 | 45,225 | 24,610
Other expenses | 9,007 | 11,378 | 25,746 | 24,817
Total expenses | 714,365 | 608,506 | 1,924,333 | 1,183,659
Expenses waived by the Sponsor | (105,942) | (49,516) | (105,942) | (49,516)
Total expenses, net | 608,423 | 558,990 | 1,818,391 | 1,134,143
Net income (loss) | $ (9,569,961) | $ (6,857,213) | $ 149,131 | $ (10,343,754)
Net income (loss) per share (in dollars per share) | $ (1.27) | $ (1.03) | $ (0.32) | $ (1.96)
Net income (loss) per weighted average share (in dollars per share) | $ (1.04) | $ (1.01) | $ 0.02 | $ (2.41)
Weighted average shares outstanding (in shares) | 9,197,287 | 6,817,939 | 9,420,883 | 4,293,435
Teucrium Agricultural Fund [Member] |  |  |  |
Realized and unrealized gain (loss) on trading of commodity futures contracts |  |  |  |
Realized loss on securities | $ (89,727) | $ (14,208) | $ (231,540) | $ (55,766)
Net change in unrealized appreciation or depreciation on securities | 13,272 | (64,236) | 96,403 | 91,476
Interest Income | 4 | 3 | 11 | 10
Total income (loss) | (76,451) | (78,441) | (135,126) | 35,720
Expenses |  |  |  |
Professional fees | 4,185 | 5,950 | 10,453 | 10,547
Distribution and marketing fees | 2,523 | 4,295 | 11,776 | 13,295
Custodian fees and expenses | 429 | 740 | 1,627 | 2,077
Business permits and licenses fees |  | 21 | 12,132 | 12,136
General and administrative expenses | 260 | 431 | 1,454 | 1,447
Brokerage commissions |  |  |  | 223
Other expenses | 128 | 166 | 473 | 442
Total expenses | 7,525 | 11,603 | 37,915 | 40,167
Expenses waived by the Sponsor | (5,987) | (9,893) | (33,159) | (35,063)
Total expenses, net | 1,538 | 1,710 | 4,756 | 5,104
Net income (loss) | $ (77,989) | $ (80,151) | $ (139,882) | $ 30,616
Net income (loss) per share (in dollars per share) | $ (1.56) | $ (1.60) | $ (2.80) | $ 0.61
Net income (loss) per weighted average share (in dollars per share) | $ (1.56) | $ (1.60) | $ (2.80) | $ 0.61
Weighted average shares outstanding (in shares) | 50,002 | 50,002 | 50,002 | 50,002

X
- Definition The amount of expense provided in the period for Business permits and licenses fees incurred on or before the balance sheet date + References No definition available. + Details
Name: | tct_BusinessPermitsAndLicensesFees
Namespace Prefix: | tct_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The total expense recognized in the period for promotion, public relations, brand and product advertising, fees paid to the Distributor, costs related to regulatory compliance activities and other costs related to the trading activities of the Fund. + References No definition available. + Details
Name: | tct_DistributionAndMarketingFees
Namespace Prefix: | tct_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of net income or loss per weighted average share for the period. + References No definition available. + Details
Name: | tct_EarningsPerWeightedAverageShare
Namespace Prefix: | tct_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Expenses that were waived by the sponsor during the period. + References No definition available. + Details
Name: | tct_ExpensesWaivedBySponsor
Namespace Prefix: | tct_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | tct_RealizedAndUnrealizedGainLossOnTradingOfCommodityFuturesContractsAbstract
Namespace Prefix: | tct_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Total expenses for the period, before expenses waived by the sponsor and reimbursement of expenses that were previously waived. + References No definition available. + Details
Name: | tct_TotalExpensesGross
Namespace Prefix: | tct_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate costs related to asset management during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(d)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_AssetManagementCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. + References No definition available. + Details
Name: | us-gaap_EarningsPerShareBasicAndDiluted
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees. + References No definition available. + Details
Name: | us-gaap_FloorBrokerageExchangeAndClearanceFees
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The difference between the book value and the sale price of agreements to purchase or sell mineral resources, energy, and agricultural products at some future point. This element refers to the gain (loss) included in earnings and not to the cash proceeds. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 + Details
Name: | us-gaap_GainLossOnSaleOfCommodityContracts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 + Details
Name: | us-gaap_GainLossOnSaleOfInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_GeneralAndAdministrativeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net amount of operating interest income (expense). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.10) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestIncomeExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total aggregate amount of all noninterest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_NoninterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NoninterestExpenseAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fees paid to an agent employed by a corporation or mutual fund to maintain shareholder records, including purchases, sales, and account balances. Also includes custodian fees incurred during an accounting period from an agent, bank, trust company, or other organization that holds and safeguards an individual's, mutual fund's, or investment company's assets for them. These fees will be billed back to the client and are a component of noninterest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_NoninterestExpenseTransferAgentAndCustodianFees
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of noninterest expense classified as other. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_OtherNoninterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07.2(a),(b),(c),(d)) -URI http://asc.fasb.org/extlink&oid=6488393&loc=d3e606610-122999 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section 45 -Paragraph 3 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=6488370&loc=d3e13550-115849 + Details
Name: | us-gaap_ProfessionalFees
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open agreements to purchase or sell mineral resources, energy, and agricultural products at some future point held at each balance sheet date, that was included in earnings for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 + Details
Name: | us-gaap_UnrealizedGainLossOnCommodityContracts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized gain (loss) recognized in the income statement on unsold other securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 + Details
Name: | us-gaap_UnrealizedGainLossOnSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). + References No definition available. + Details
Name: | us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=tct_TeucriumCommodityTrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=tct_TeucriumCornFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=tct_TeucriumSoybeanFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=tct_TeucriumSugarFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=tct_TeucriumWheatFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=tct_TeucriumAgriculturalFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |