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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Teucrium Commodity Trust - Combined [Member]

Schedule of assets and liabilities measured at fair value

June 30, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of June 30, 2019
Cash Equivalents		$	102,924,441			$	-			$	-			$	102,924,441
Commodity Futures Contracts
Corn futures contracts			3,226,613				-				-				3,226,613
Soybeans futures contracts			1,431,225				-				-				1,431,225
Sugar futures contracts			74,426				-				-				74,426
Wheat futures contracts			4,491,550				-				-				4,491,550
Total		$	112,151,255			$	-			$	-			$	112,151,255
Liabilities:			Level 1			Level 2				Level 3				Balance as of June 30, 2019
Commodity Futures Contracts
Sugar futures contracts		$	100,196				-				-			$	100,196
Wheat futures contracts			1,325,775				-				-				1,325,775
Total		$	1,425,971			$	-			$	-			$	1,425,971

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

June 30, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of June 30, 2019
Cash Equivalents		$	51,222,454			$	-			$	-			$	51,222,454
Corn futures contracts			3,226,613				-				-				3,226,613
		$	54,449,067			$	-			$	-			$	54,449,067

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

June 30, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of June 30, 2019
Cash Equivalents		$	16,020,738			$	-			$	-			$	16,020,738
Soybeans futures contracts			1,431,225				-				-				1,431,225
Total		$	17,451,963			$	-			$	-			$	17,451,963

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

June 30, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of June 30, 2019
Cash Equivalents		$	3,049,560			$	-			$	-			$	3,049,560
Sugar Futures Contracts			77,426				-				-				77,426
Total		$	3,126,986			$	-			$	-			$	3,126,986
Liabilities:			Level 1			Level 2				Level 3				Balance as of June 30, 2019
Sugar Futures Contracts		$	100,196			$	-			$	-			$	100,196

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

June 30, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of June 30, 2019
Cash equivalents		$	32,628,949			$	-			$	-			$	32,628,949
Wheat futures contracts			4,491,550				-				-				4,491,550
Total		$	37,120,499			$	-			$	-			$	37,120,499
Liabilities:			Level 1			Level 2				Level 3				Balance as of June 30, 2019
Wheat futures contracts		$	1,325,775			$	-			$	-			$	1,325,775

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

June 30, 2019

Assets:		Level 1				Level 2				Level 3				Balance as of June 30, 2019
Exchange Traded Funds		$	1,508,928			$	-			$	-			$	1,508,928
Cash Equivalents			2,740				-				-				2,740
Total		$	1,511,668			$	-			$	-			$	1,511,668

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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