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v3.19.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2019
Teucrium Commodity Trust - Combined [Member] |
Summary of cash investments |
|  | June 30, 2019 |  |  | December 31, 2018 |
Money Market Funds |  | $ | 3,163 |  |  | $ | 3,262 |
Demand Deposit Savings Accounts |  |  | 97,419,153 |  |  |  | 71,898,880 |
Commercial Paper |  |  | 94,778,353 |  |  |  | 87,348,180 |
Treasury Bills |  |  | 8,142,925 |  |  |  | - |
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities |  | $ | 200,343,594 |  |  | $ | 159,250,322 |
Related party transactions |
|  | Three months ended June 30, 2019 |  |  | Three months ended June 30, 2018 |  |  | Six months ended June 30, 2019 |  |  | Six months ended June 30, 2018 |
Recognized Related Party Transactions |  | $ | 426,792 |  |  | $ | 472,586 |  |  | $ | 1,117,600 |  |  | $ | 1,452,851 |
Waived Related Party Transactions |  | $ | 39,877 |  |  | $ | 122,390 |  |  | $ | 76,557 |  |  | $ | 251,171 |
Expenses waived by the Sponsor |
|  | CORN |  |  | SOYB |  |  | CANE |  |  | WEAT |  |  | TAGS |  |  | TRUST |
Three months ended June 30, 2019 |  | $ | - |  |  | $ | 33,391 |  |  | $ | 57,954 |  |  | $ | - |  |  | $ | 7,181 |  |  | $ | 98,526 |
Three months ended June 30, 2018 |  | $ | 98,041 |  |  | $ | 84,485 |  |  | $ | 66,209 |  |  | $ | 121,015 |  |  | $ | 10,086 |  |  | $ | 379,836 |
Six months ended June 30, 2019 |  | $ | 5,639 |  |  | $ | 96,303 |  |  | $ | 99,436 |  |  | $ | 2,500 |  |  | $ | 28,765 |  |  | $ | 232,643 |
Six months ended June 30, 2018 |  | $ | 138,723 |  |  | $ | 184,427 |  |  | $ | 146,899 |  |  | $ | 144,784 |  |  | $ | 27,172 |  |  | $ | 642,134 |
Teucrium Corn Fund [Member] |
Summary of cash investments |
|  | June 30, 2019 |  |  | December 31, 2018 |
Money Market Funds |  | $ | 101 |  |  | $ | 100 |
Demand Deposit Savings Accounts |  |  | 47,197,703 |  |  |  | 23,974,336 |
Commercial Paper |  |  | 47,398,493 |  |  |  | 34,935,697 |
Treasury Bills |  |  | 3,823,860 |  |  |  | - |
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities |  | $ | 98,420,157 |  |  | $ | 58,910,133 |
Related party transactions |
|  | Three months ended June 30, 2019 |  |  | Three months ended June 30, 2018 |  |  | Six months ended June 30, 2019 |  |  | Six months ended June 30, 2018 |
Recognized Related Party Transactions |  | $ | 165,828 |  |  | $ | 181,538 |  |  | $ | 415,411 |  |  | $ | 555,526 |
Waived Related Party Transactions |  | $ | - |  |  | $ | 48,225 |  |  | $ | 4,500 |  |  | $ | 70,829 |
Expenses waived by the Sponsor |
|  | CORN |
Three months ended June 30, 2019 |  | $ | - |
Three months ended June 30, 2018 |  | $ | 98,041 |
Six months ended June 30, 2019 |  | $ | 5,639 |
Six months ended June 30, 2018 |  | $ | 138,723 |
Teucrium Soybean Fund [Member] |
Summary of cash investments |
|  | June 30, 2019 |  |  | December 31, 2018 |
Money Market Funds |  | $ | 102 |  |  | $ | 100 |
Demand Deposit Savings Accounts |  |  | 16,274,499 |  |  |  | 14,282,321 |
Commercial Paper |  |  | 14,964,332 |  |  |  | 12,492,518 |
Treasury Bills |  |  | 1,056,304 |  |  |  | - |
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities |  | $ | 32,295,237 |  |  | $ | 26,774,939 |
Related party transactions |
|  | Three months ended June 30, 2019 |  |  | Three months ended June 30, 2018 |  |  | Six months ended June 30, 2019 |  |  | Six months ended June 30, 2018 |
Recognized Related Party Transactions |  | $ | 92,608 |  |  | $ | 67,716 |  |  | $ | 235,850 |  |  | $ | 194,552 |
Waived Related Party Transactions |  | $ | 15,831 |  |  | $ | 30,681 |  |  | $ | 31,537 |  |  | $ | 89,494 |
Expenses waived by the Sponsor |
|  | SOYB |
Three months ended June 30, 2019 |  | $ | 33,391 |
Three months ended June 30, 2018 |  | $ | 84,485 |
Six months ended June 30, 2019 |  | $ | 96,303 |
Six months ended June 30, 2018 |  | $ | 184,427 |
Teucrium Sugar Fund [Member] |
Summary of cash investments |
|  | June 30, 2019 |  |  | December 31, 2018 |
Money Market Funds |  | $ | 102 |  |  | $ | 100 |
Demand Deposit Savings Accounts |  |  | 6,722,051 |  |  |  | 7,764,709 |
Commercial Paper |  |  | 2,498,343 |  |  |  | 2,497,132 |
Treasury Bills |  |  | 551,115 |  |  |  | - |
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities |  | $ | 9,771,611 |  |  | $ | 10,261,941 |
Related party transactions |
|  | Three months ended June 30, 2019 |  |  | Three months ended June 30, 2018 |  |  | Six months ended June 30, 2019 |  |  | Six months ended June 30, 2018 |
Recognized Related Party Transactions |  | $ | 41,333 |  |  | $ | 39,570 |  |  | $ | 124,755 |  |  | $ | 107,334 |
Waived Related Party Transactions |  | $ | 21,305 |  |  | $ | 13,061 |  |  | $ | 30,473 |  |  | $ | 44,211 |
Expenses waived by the Sponsor |
|  | CANE |
Three months ended June 30, 2019 |  | $ | 57,954 |
Three months ended June 30, 2018 |  | $ | 66,209 |
Six months ended June 30, 2019 |  | $ | 99,436 |
Six months ended June 30, 2018 |  | $ | 146,899 |
Teucrium Wheat Fund [Member] |
Summary of cash investments |
|  | June 30, 2019 |  |  | December 31, 2018 |
Money Market Funds |  | $ | 118 |  |  | $ | 100 |
Demand Deposit Savings Accounts |  |  | 27,224,900 |  |  |  | 25,877,514 |
Commercial Paper |  |  | 29,917,185 |  |  |  | 37,422,833 |
Treasury Bills |  |  | 2,711,646 |  |  |  | - |
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities |  | $ | 59,853,849 |  |  | $ | 63,300,447 |
Related party transactions |
|  | Three months ended June 30, 2019 |  |  | Three months ended June 30, 2018 |  |  | Six months ended June 30, 2019 |  |  | Six months ended June 30, 2018 |
Recognized Related Party Transactions |  | $ | 124,282 |  |  | $ | 180,199 |  |  | $ | 332,810 |  |  | $ | 586,809 |
Waived Related Party Transactions |  | $ | - |  |  | $ | 27,984 |  |  | $ | 2,500 |  |  | $ | 41,131 |
Expenses waived by the Sponsor |
|  | WEAT |
Three months ended June 30, 2019 |  | $ | - |
Three months ended June 30, 2018 |  | $ | 121,015 |
Six months ended June 30, 2019 |  | $ | 2,500 |
Six months ended June 30, 2018 |  | $ | 144,784 |
Teucrium Agricultural Fund [Member] |
Related party transactions |
|  | Three months ended June 30, 2019 |  |  | Three months ended June 30, 2018 |  |  | Six months ended June 30, 2019 |  |  | Six months ended June 30, 2018 |
Recognized Related Party Transactions |  | $ | 2,741 |  |  | $ | 3,563 |  |  | $ | 8,774 |  |  | $ | 8,630 |
Waived Related Party Transactions |  | $ | 2,741 |  |  | $ | 2,439 |  |  | $ | 7,547 |  |  | $ | 5,506 |
Expenses waived by the Sponsor |
|  | TAGS |
Three months ended June 30, 2019 |  | $ | 7,181 |
Three months ended June 30, 2018 |  | $ | 10,086 |
Six months ended June 30, 2019 |  | $ | 28,765 |
Six months ended June 30, 2018 |  | $ | 27,301 |

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