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Organization and Operation (Tables)
9 Months Ended
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%