XML 39 R8.htm IDEA: XBRL DOCUMENT v3.19.1
STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Teucrium Commodity Trust - Combined [Member]    
Cash flows from operating activities:    
Net (loss) income $ (9,614,334) $ 6,489,096
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net change in unrealized depreciation (appreciation) on commodity futures contracts 4,676,731 (5,064,712)
Changes in operating assets and liabilities:    
Due from broker 3,027,583 3,371,209
Interest receivable 90 251
Other assets (348,421) (347,709)
Due to broker 77,840 0
Management fee payable to Sponsor (12,198) 12,223
Payable for purchases of commercial paper (14,951,548) 0
Other liabilities 13,120 125,280
Net cash (used in) provided by operating activities (17,131,137) 4,585,638
Cash flows from financing activities:    
Proceeds from sale of shares 10,098,620 20,520,402
Redemption of shares (6,794,615) (9,370,786)
Net change in cost of the underlying funds 1,554 2,663
Net cash provided by (used in) financing activities 3,305,559 11,152,279
Net change in cash and cash equivalents (13,825,578) 15,737,917
Cash and cash equivalents, beginning of period 159,250,322 137,945,626
Cash and cash equivalents, end of period 145,424,744 153,683,543
Teucrium Corn Fund [Member]    
Cash flows from operating activities:    
Net (loss) income (3,146,381) 4,877,008
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net change in unrealized depreciation (appreciation) on commodity futures contracts 2,115,000 (3,980,750)
Changes in operating assets and liabilities:    
Due from broker 2,175,156 3,518,563
Interest receivable 7 73
Other assets (126,378) (130,713)
Management fee payable to Sponsor (4,078) 4,178
Payable for purchases of commercial paper (4,981,957) 0
Other liabilities (485) 61,408
Net cash (used in) provided by operating activities (3,969,116) 4,349,767
Cash flows from financing activities:    
Proceeds from sale of shares 2,373,645 6,917,693
Redemption of shares (809,525) (5,633,738)
Net cash provided by (used in) financing activities 1,564,120 1,283,955
Net change in cash and cash equivalents (2,404,996) 5,633,722
Cash and cash equivalents, beginning of period 58,910,133 63,139,461
Cash and cash equivalents, end of period 56,505,137 68,773,183
Teucrium Soybean Fund [Member]    
Cash flows from operating activities:    
Net (loss) income (529,172) 738,844
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net change in unrealized depreciation (appreciation) on commodity futures contracts 504,875 (882,538)
Changes in operating assets and liabilities:    
Due from broker 618,790 761,726
Interest receivable 4 22
Other assets (68,474) (34,782)
Management fee payable to Sponsor (4,787) 161
Other liabilities (120) 6,839
Net cash (used in) provided by operating activities 521,116 590,272
Cash flows from financing activities:    
Proceeds from sale of shares 0 5,181,248
Redemption of shares (4,117,450) 0
Net cash provided by (used in) financing activities (4,117,450) 5,181,248
Net change in cash and cash equivalents (3,596,334) 5,771,520
Cash and cash equivalents, beginning of period 26,774,939 9,942,185
Cash and cash equivalents, end of period 23,178,605 15,713,705
Teucrium Sugar Fund [Member]    
Cash flows from operating activities:    
Net (loss) income 394,467 (1,189,219)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net change in unrealized depreciation (appreciation) on commodity futures contracts (60,032) 886,738
Changes in operating assets and liabilities:    
Due from broker 351,972 (1,046,950)
Interest receivable 90 47
Other assets (78,642) (13,373)
Due to broker 77,840 0
Management fee payable to Sponsor (1,238) 1,000
Other liabilities (10,820) 7,160
Net cash (used in) provided by operating activities 673,637 (1,354,597)
Cash flows from financing activities:    
Proceeds from sale of shares 0 3,325,218
Redemption of shares (1,324,400) 0
Net cash provided by (used in) financing activities (1,324,400) 3,325,218
Net change in cash and cash equivalents (650,763) 1,970,621
Cash and cash equivalents, beginning of period 10,261,941 5,929,275
Cash and cash equivalents, end of period 9,611,178 7,899,896
Teucrium Wheat Fund [Member]    
Cash flows from operating activities:    
Net (loss) income (6,332,548) 2,063,869
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net change in unrealized depreciation (appreciation) on commodity futures contracts 2,116,888 (1,088,162)
Changes in operating assets and liabilities:    
Due from broker (118,335) 137,870
Interest receivable (10) 111
Other assets (74,552) (167,981)
Management fee payable to Sponsor (2,095) 6,884
Payable for purchases of commercial paper (9,969,591) 0
Other liabilities 24,946 49,750
Net cash (used in) provided by operating activities (14,355,297) 1,002,341
Cash flows from financing activities:    
Proceeds from sale of shares 7,724,975 5,096,243
Redemption of shares (543,240) (3,737,048)
Net cash provided by (used in) financing activities 7,181,735 1,359,195
Net change in cash and cash equivalents (7,173,562) 2,361,536
Cash and cash equivalents, beginning of period 63,300,447 58,932,231
Cash and cash equivalents, end of period 56,126,885 61,293,767
Teucrium Agricultural Fund [Member]    
Cash flows from operating activities:    
Net (loss) income (61,273) 2,030
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Net change in unrealized (appreciation) on securities 53,036 (85,654)
Changes in operating assets and liabilities:    
Net sale of investments in securities 9,091 84,881
Interest receivable (1) (2)
Other assets (375) (860)
Other liabilities (401) 123
Net cash (used in) provided by operating activities 77 518
Cash flows from financing activities:    
Net change in cash and cash equivalents 77 518
Cash and cash equivalents, beginning of period 2,862 2,474
Cash and cash equivalents, end of period $ 2,939 $ 2,992