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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Teucrium Commodity Trust - Combined [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of March 31, 2019
Cash Equivalents		$	73,157,004			$	-			$	-			$	73,157,004
Commodity Futures Contracts
Soybeans futures contracts			68,413				-				-				68,413
Sugar futures contracts			392,649				-				-				392,649
Wheat futures contracts			456,887				-				-				456,887
Total		$	74,074,953			$	-			$	-			$	74,074,953
Liabilities:			Level 1			Level 2				Level 3				Balance as of March 31, 2019
Commodity Futures Contracts
Corn futures contracts		$	3,304,925			$	-			$	-			$	3,304,925
Soybeans futures contracts			384,138				-				-				384,138
Sugar futures contracts			146,294				-				-				146,294
Wheat futures contracts			6,559,175				-				-				6,559,175
Total		$	10,394,532			$	-			$	-			$	10,394,532

December 31, 2018

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2018
Cash Equivalents		$	87,351,442			$	-			$	-			$	87,351,442
Commodity Futures Contracts
Corn futures contracts		107,363				-				-				107,363
Soybeans futures contracts		228,400				-				-				228,400
Sugar futures contracts		233,979				-				-				233,979
Total		$	87,921,185			$	-			$	-			$	87,921,185
Liabilities:			Level 1			Level 2				Level 3				Balance as of December 31, 2018
Commodity Futures Contracts
Corn futures contracts		$	1,297,288			$	-			$	-			$	1,297,288
Soybeans futures contracts		39,250				-				-				39,250
Sugar futures contracts		47,656				-				-				47,656
Wheat futures contracts		3,985,400				-				-				3,985,400
Total		$	5,369,594			$	-			$	-			$	5,369,594

Teucrium Corn Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of March 31, 2019
Cash equivalents		$	29,257,470			$	-			$	-			$	29,257,470
Liabilities:			Level 1			Level 2				Level 3				Balance as of March 31, 2019
Corn futures contracts		$	3,304,925			$	-			$	-			$	3,304,925

December 31, 2018

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2018
Cash equivalents		$	34,935,797			$	-			$	-			$	34,935,797
Corn futures contracts		107,363				-				-				107,363
Total		$	35,043,160			$	-			$	-			$	35,043,160
Liabilities:			Level 1			Level 2				Level 3				Balance as of December 31, 2018
Corn futures contracts		$	1,297,288			$	-			$	-			$	1,297,288

Teucrium Soybean Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of March 31, 2019
Cash Equivalents		$	10,649,310			$	-			$	-			$	10,649,310
Soybeans futures contracts		68,413				-				-				68,413
Total		$	10,717,723			$	-			$	-			$	10,717,723
Liabilities:			Level 1			Level 2				Level 3				Balance as of March 31, 2019
Soybeans futures contracts		$	384,138			$	-			$	-			$	384,138

December 31, 2018

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2018
Cash Equivalents		$	12,492,618			$	-			$	-			$	12,492,618
Soybeans futures contracts			228,400				-				-				228,400
Total		$	12,721,018			$	-			$	-			$	12,721,018
Liabilities:			Level 1			Level 2				Level 3				Balance as of December 31, 2018
Soybeans futures contracts		$	39,250			$	-			$	-			$	39,250

Teucrium Sugar Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of March 31, 2019
Cash Equivalents		$	3,073,055			$	-			$	-			$	3,073,055
Sugar Futures Contracts			392,649				-				-				392,649
Total		$	3,465,704			$	-			$	-			$	3,465,704
Liabilities:			Level 1			Level 2				Level 3				Balance as of March 31, 2019
Sugar Futures Contracts		$	146,294			$	-			$	-			$	146,294

December 31, 2018

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2018
Cash Equivalents		$	2,497,232			$	-			$	-			$	2,497,232
Sugar Futures Contracts			233,979				-				-				233,979
Total		$	2,731,211			$	-			$	-			$	2,731,211
Liabilities:			Level 1			Level 2				Level 3				Balance as of December 31, 2018
Sugar Futures Contracts		$	47,656			$	-			$	-			$	47,656

Teucrium Wheat Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of March 31, 2019
Cash equivalents		$	30,174,230			$	-			$	-			$	30,174,230
Wheat futures contracts		456,887				-				-				456,887
Total		$	30,631,117			$	-			$	-			$	30,631,117
Liabilities:			Level 1			Level 2				Level 3				Balance as of March 31, 2019
Wheat futures contracts		$	6,559,175			$	-			$	-			$	6,559,175

December 31, 2018

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2018
Cash equivalents		$	37,422,933			$	-			$	-			$	37,422,933
Liabilities:			Level 1			Level 2				Level 3				Balance as of December 31, 2018
Wheat futures contracts		$	3,985,400			$	-			$	-			$	3,985,400

Teucrium Agricultural Fund [Member]

Schedule of assets and liabilities measured at fair value

March 31, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of March 31, 2019
Exchange Traded Funds		$	1,461,159			$	-			$	-			$	1,461,159
Cash Equivalents		2,939				-				-				2,939
Total		$	1,464,098			$	-			$	-			$	1,464,098

December 31, 2018

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2018
Exchange Traded Funds		$	1,523,286			$	-			$	-			$	1,523,286
Cash Equivalents		2,862				-				-				2,862
Total		$	1,526,148			$	-			$	-			$	1,526,148

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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