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STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Teucrium Commodity Trust - Combined [Member] |  |  |  |
Income |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (7,714,964) | $ 4,467,596 | $ (12,321,045) | $ 6,692,509
Net change in unrealized (depreciation) appreciation on commodity futures contracts | 17,277,425 | (12,318,563) | 12,600,695 | (7,253,850)
Interest income | 1,101,771 | 879,030 | 2,087,816 | 1,519,669
Total income (loss) | 10,664,232 | (6,971,937) | 2,367,466 | 958,328
Expenses |  |  |  |
Management fees | 412,685 | 433,254 | 779,348 | 815,838
Professional fees | 333,153 | 426,230 | 635,234 | 701,997
Distribution and marketing fees | 729,998 | 807,165 | 1,297,194 | 1,562,969
Custodian fees and expenses | 89,371 | 99,544 | 173,420 | 184,022
Business permits and licenses fees | 22,360 | 26,959 | 54,306 | 87,727
General and administrative expenses | 81,706 | 89,688 | 145,425 | 157,885
Brokerage commissions | 13,144 | 46,147 | 41,273 | 88,724
Other expenses | 7,661 | 32,848 | 15,562 | 66,139
Total expenses | 1,690,078 | 1,961,835 | 3,141,762 | 3,665,301
Expenses waived by the Sponsor | (98,526) | (379,836) | (232,643) | (642,134)
Total expenses, net | 1,591,552 | 1,581,999 | 2,909,119 | 3,023,167
Net income (loss) | 9,072,680 | (8,553,936) | (541,653) | (2,064,839)
Teucrium Corn Fund [Member] |  |  |  |
Income |  |  |  |
Realized (loss) gain on commodity futures contracts | (2,187,325) | 1,931,575 | (3,093,050) | 3,170,538
Net change in unrealized (depreciation) appreciation on commodity futures contracts | 6,531,538 | (8,790,088) | 4,416,538 | (4,809,338)
Interest income | 474,635 | 393,434 | 853,579 | 680,931
Total income (loss) | 4,818,848 | (6,465,079) | 2,177,067 | (957,869)
Expenses |  |  |  |
Management fees | 176,715 | 191,227 | 316,837 | 361,079
Professional fees | 145,210 | 146,286 | 243,455 | 248,003
Distribution and marketing fees | 285,848 | 319,426 | 484,262 | 607,486
Custodian fees and expenses | 35,343 | 28,547 | 61,966 | 59,181
Business permits and licenses fees | 3,534 | 7,808 | 9,139 | 20,671
General and administrative expenses | 27,483 | 31,109 | 52,443 | 65,655
Brokerage commissions | 5,301 | 20,470 | 18,768 | 41,310
Other expenses | 3,534 | 9,860 | 6,337 | 22,232
Total expenses | 682,968 | 754,733 | 1,193,207 | 1,425,617
Expenses waived by the Sponsor | 0 | (98,041) | (5,639) | (138,723)
Total expenses, net | 682,968 | 656,692 | 1,187,568 | 1,286,894
Net income (loss) | $ 4,135,880 | $ (7,121,771) | $ 989,499 | $ (2,244,763)
Net income (loss) per share | $ 1.18 | $ (1.56) | $ 0.29 | $ (0.32)
Net income (loss) per weighted average share | $ 0.93 | $ (1.65) | $ 0.25 | $ (0.54)
Weighted average shares outstanding | 4,439,564 | 4,320,059 | 3,993,650 | 4,156,219
Teucrium Soybean Fund [Member] |  |  |  |
Income |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (1,187,050) | $ (2,413) | $ (1,153,412) | $ (80,012)
Net change in unrealized (depreciation) appreciation on commodity futures contracts | 1,746,950 | (2,456,537) | 1,242,075 | (1,574,000)
Interest income | 184,260 | 80,841 | 352,252 | 130,656
Total income (loss) | 744,160 | (2,378,109) | 440,915 | (1,523,356)
Expenses |  |  |  |
Management fees | 69,242 | 40,572 | 132,005 | 70,757
Professional fees | 41,706 | 64,595 | 102,412 | 95,702
Distribution and marketing fees | 152,042 | 100,905 | 272,238 | 219,831
Custodian fees and expenses | 15,233 | 9,737 | 41,869 | 21,236
Business permits and licenses fees | 5,345 | 6,758 | 9,738 | 16,846
General and administrative expenses | 16,771 | 10,706 | 27,441 | 17,588
Brokerage commissions | 2,077 | 3,100 | 4,193 | 5,638
Other expenses | 692 | 3,910 | 2,051 | 8,535
Total expenses | 303,108 | 240,283 | 591,947 | 456,133
Expenses waived by the Sponsor | (33,391) | (84,485) | (96,303) | (184,427)
Total expenses, net | 269,717 | 155,798 | 495,644 | 271,706
Net income (loss) | $ 474,443 | $ (2,533,907) | $ (54,729) | $ (1,795,062)
Net income (loss) per share | $ (0.07) | $ (2.82) | $ (0.48) | $ (1.63)
Net income (loss) per weighted average share | $ 0.26 | $ (2.85) | $ (0.03) | $ (2.32)
Weighted average shares outstanding | 1,807,971 | 888,740 | 1,682,463 | 774,452
Teucrium Sugar Fund [Member] |  |  |  |
Income |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (68,701) | $ (1,028,754) | $ 292,667 | $ (1,297,867)
Net change in unrealized (depreciation) appreciation on commodity futures contracts | (269,125) | 278,275 | (209,093) | (608,462)
Interest income | 66,268 | 60,762 | 132,892 | 88,679
Total income (loss) | (271,558) | (689,717) | 216,466 | (1,817,650)
Expenses |  |  |  |
Management fees | 25,463 | 31,337 | 51,596 | 48,847
Professional fees | 30,695 | 54,713 | 77,144 | 81,215
Distribution and marketing fees | 62,696 | 66,683 | 108,287 | 131,876
Custodian fees and expenses | 10,500 | 10,754 | 15,726 | 17,945
Business permits and licenses fees | 4,449 | 3,299 | 8,891 | 19,546
General and administrative expenses | 15,994 | 7,618 | 20,298 | 11,742
Brokerage commissions | 1,528 | 4,464 | 3,471 | 6,633
Other expenses | 601 | 3,289 | 1,551 | 6,328
Total expenses | 151,926 | 182,157 | 286,964 | 324,132
Expenses waived by the Sponsor | (57,954) | (66,209) | (99,436) | (146,899)
Total expenses, net | 93,972 | 115,948 | 187,528 | 177,233
Net income (loss) | $ (365,530) | $ (805,665) | $ 28,938 | $ (1,994,883)
Net income (loss) per share | $ (0.20) | $ (0.67) | $ 0.03 | $ (2.17)
Net income (loss) per weighted average share | $ (0.26) | $ (0.50) | $ 0.02 | $ (1.65)
Weighted average shares outstanding | 1,432,147 | 1,623,905 | 1,429,976 | 1,212,435
Teucrium Wheat Fund [Member] |  |  |  |
Income |  |  |  |
Realized (loss) gain on commodity futures contracts | $ (4,271,888) | $ 3,567,188 | $ (8,367,250) | $ 4,899,850
Net change in unrealized (depreciation) appreciation on commodity futures contracts | 9,268,062 | (1,350,213) | 7,151,175 | (262,050)
Interest income | 376,592 | 343,981 | 749,059 | 619,384
Total income (loss) | 5,372,766 | 2,560,956 | (467,016) | 5,257,184
Expenses |  |  |  |
Management fees | 141,265 | 170,118 | 278,910 | 335,155
Professional fees | 113,106 | 154,947 | 206,784 | 270,305
Distribution and marketing fees | 225,302 | 315,498 | 422,208 | 594,894
Custodian fees and expenses | 27,751 | 49,845 | 52,527 | 84,440
Business permits and licenses fees | 9,025 | 9,038 | 14,531 | 18,608
General and administrative expenses | 20,688 | 39,400 | 44,087 | 61,502
Brokerage commissions | 4,238 | 18,113 | 14,841 | 35,143
Other expenses | 2,825 | 15,607 | 5,578 | 28,647
Total expenses | 544,200 | 772,566 | 1,039,466 | 1,428,694
Expenses waived by the Sponsor | 0 | (121,015) | (2,500) | (144,784)
Total expenses, net | 544,200 | 651,551 | 1,036,966 | 1,283,910
Net income (loss) | $ 4,828,566 | $ 1,909,405 | $ (1,503,982) | $ 3,973,274
Net income (loss) per share | $ 0.45 | $ 0.18 | $ (0.20) | $ 0.38
Net income (loss) per weighted average share | $ 0.46 | $ 0.18 | $ (0.15) | $ 0.38
Weighted average shares outstanding | 10,503,575 | 10,321,707 | 10,130,253 | 10,458,153
Teucrium Agricultural Fund [Member] |  |  |  |
Income |  |  |  |
Realized loss on securities | $ (58,112) | $ (90,974) | $ (65,649) | $ (173,192)
Net change in unrealized appreciation on securities | 105,666 | (42,469) | 52,630 | 43,186
Interest income | 16 | 12 | 34 | 19
Total income (loss) | 47,570 | (133,431) | (12,985) | (129,987)
Expenses |  |  |  |
Professional fees | 2,436 | 5,689 | 5,439 | 6,772
Distribution and marketing fees | 4,110 | 4,653 | 10,199 | 8,882
Custodian fees and expenses | 544 | 661 | 1,332 | 1,220
Business permits and licenses fees | 7 | 56 | 12,007 | 12,056
General and administrative expenses | 770 | 855 | 1,156 | 1,398
Other expenses | 9 | 182 | 45 | 397
Total expenses | 7,876 | 12,096 | 30,178 | 30,725
Expenses waived by the Sponsor | (7,181) | (10,086) | (28,765) | (27,301)
Total expenses, net | 695 | 2,010 | 1,413 | 3,424
Net income (loss) | $ 46,875 | $ (135,441) | $ (14,398) | $ (133,411)
Net income (loss) per share | $ 0.63 | $ (1.68) | $ (0.19) | $ (1.64)
Net income (loss) per weighted average share | $ 0.62 | $ (1.87) | $ (0.19) | $ (2.18)
Weighted average shares outstanding | 75,002 | 72,255 | 75,002 | 61,190

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