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Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2019

Teucrium Commodity Trust - Combined [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of June 30, 2019

														(iv)
		(i)				(ii)				(iii) = (i)-(ii)				Gross Amount Not Offset in the Statement of Assets and Liabilities							(v) = (iii)-(iv)
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset			Due to Broker				Net Amount
Commodity Price
Corn futures contracts		$	3,226,613			$	-			$	3,226,613			$	-		$	3,226,613			$	-
Soybeans futures contracts		$	1,431,225			$	-			$	1,431,225			$	-		$	738,351			$	692,874
Sugar futures contracts		$	77,426			$	-			$	77,426			$	77,426		$	-			$	-
Wheat futures contracts		$	4,491,550			$	-			$	4,491,550			$	1,325,775		$	3,165,775			$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2019

														(iv)
		(i)				(ii)				(iii) = (i)-(ii)				Gross Amount Not Offset in the Statement of Assets and Liabilities							(v) = (iii)-(iv)
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset			Due to Broker				Net Amount
Commodity Price
Sugar futures contracts		$	100,196			$	-			$	100,196			$	77,426		$	22,770			$	-
Wheat futures contracts		$	1,325,775			$	-			$	1,325,775			$	1,325,775		$	-			$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

														(iv)
		(i)				(ii)				(iii) = (i)-(ii)				Gross Amount Not Offset in the Statement of Assets and Liabilities							(v) = (iii)-(iv)
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset			Due to Broker				Net Amount
Commodity Price
Corn futures contracts		$	107,363			$	-			$	107,363			$	107,363		$	-			$	-
Soybeans futures contracts		$	228,400			$	-			$	228,400			$	39,250		$	-			$	189,150
Sugar futures contracts		$	233,979			$	-			$	233,979			$	47,656		$	-			$	186,323

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

														(iv)
		(i)				(ii)				(iii) = (i)-(ii)				Gross Amount Not Offset in the Statement of Assets and Liabilities							(v) = (iii)-(iv)
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset			Due to Broker				Net Amount
Commodity Price
Corn futures contracts		$	1,297,288			$	-			$	1,297,288			$	107,363		$	1,189,925			$	-
Soybeans futures contracts		$	39,250			$	-			$	39,250			$	39,250		$	-			$	-
Sugar futures contracts		$	47,656			$	-			$	47,656			$	47,656		$	-			$	-
Wheat futures contracts		$	3,985,400			$	-			$	3,985,400			$	-		$	3,985,400			$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation (Depreciation) on Commodity Futures Contracts
Commodity Price
Corn futures contracts		$	(2,187,325	)		$	6,531,538
Soybeans futures contracts			(1,187,050	)			1,746,950
Sugar futures contracts			(68,701	)			(269,125	)
Wheat futures contracts			(4,271,888	)			9,268,062
Total commodity futures contracts		$	(7,714,964	)		$	17,277,425

Three months ended June 30, 2018

		Realized Gain (Loss) on Commodity Futures Contracts				Net Change in Unrealized (Depreciation) Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts		$	1,931,575			$	(8,790,088	)
Soybeans futures contracts			(2,413	)			(2,456,537	)
Sugar futures contracts			(1,028,754	)			278,275
Wheat futures contracts			3,567,188				(1,350,213	)
Total commodity futures contracts		$	4,467,596			$	(12,318,563	)

Six months ended June 30, 2019

		Realized (Loss) Gain on Commodity Futures Contracts				Net Change in Unrealized Appreciation (Depreciation) on Commodity Futures Contracts
Commodity Price
Corn futures contracts		$	(3,093,050	)		$	4,416,538
Soybeans futures contracts			(1,153,412	)			1,242,075
Sugar futures contracts			292,667				(209,093	)
Wheat futures contracts			(8,367,250	)			7,151,175
Total commodity futures contracts		$	(12,321,045	)		$	12,600,695

Six months ended June 30, 2018 

		Realized Gain (Loss) on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts		$	3,170,538			$	(4,809,338	)
Soybeans futures contracts			(80,012	)			(1,574,000	)
Sugar futures contracts			(1,297,867	)			(608,462	)
Wheat futures contracts			4,899,850				(262,050	)
Total commodity futures contracts		$	6,692,509			$	(7,253,850	)

Teucrium Corn Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of June 30, 2019

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due to Broker				Net Amount
Commodity Price
Corn futures contracts		$	3,226,613			$	-			$	3,226,613			$	-			$	3,226,613			$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due to Broker				Net Amount
Commodity Price
Corn futures contracts		$	107,363			$	-			$	107,363			$	107,363			$	-			$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due from Broker				Net Amount
Commodity Price
Corn futures contracts		$	1,297,288			$	-			$	1,297,288			$	107,363			$	1,189,925			$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Primary Underlying Risk
Commodity price
Corn futures contracts		$	(2,187,325	)		$	6,531,538

Three months ended June 30, 2018

		Realized Gain on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts		$	1,931,575			$	(8,790,088	)

Six months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts		$	(3,093,050	)		$	4,416,538

Six months ended June 30, 2018

		Realized Gain on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Corn futures contracts		$	3,170,538			$	(4,809,338	)

Teucrium Soybean Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of June 30, 2019

														(iv)
		(i)				(ii)				(iii) = (i)-(ii)				Gross Amount Not Offset in the Statement of Assets and Liabilities							(v) = (iii)-(iv)
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset			Due to Broker				Net Amount
Commodity Price
Soybeans futures contracts		$	1,431,225			$	-			$	1,431,225			$	-		$	738,351			$	692,874

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due to Broker				Net Amount
Commodity Price
Soybeans futures contracts		$	228,400			$	-			$	228,400			$	39,250			$	-			$	189,150

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due from Broker				Net Amount
Commodity Price
Soybeans futures contracts		$	39,250			$	-			$	39,250			$	39,250			$	-			$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Soybeans futures contracts		$	(1,187,050	)		$	1,746,950

Three months ended June 30, 2018

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized (Depreciation on Commodity Futures Contracts
Commodity Price
Soybeans futures contracts		$	(2,413	)		$	(2,456,537	)

Six months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Soybeans futures contracts		$	(1,153,412	)		$	1,242,075

Six months ended June 30, 2018

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Soybeans futures contracts		$	(80,012	)		$	(1,574,000	)

Teucrium Sugar Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of June 30, 2019

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due to Broker				Net Amount
Commodity Price
Sugar futures contracts		$	77,426			$	-			$	77,426			$	77,426			$	-			$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2019

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due from Broker				Net Amount
Commodity Price
Sugar futures contracts		$	100,196			$	-			$	100,196			$	77,426			$	22,770			$	-

Offsetting of Financial Assets and Derivative Assets as of December 31, 2018

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due to Broker				Net Amount
Commodity Price
Sugar futures contracts		$	233,979			$	-			$	233,979			$	47,656			$	-			$	186,323

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due from Broker				Net Amount
Commodity Price
Sugar futures contracts		$	47,656			$	-			$	47,656			$	47,656			$	-			$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts		$	(68,701	)		$	(269,125	)

Three months ended June 30, 2018

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts		$	(1,028,754	)		$	278,275

Six months ended June 30, 2019

		Realized Gain on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts		$	292,667			$	(209,093	)

Six months ended June 30, 2018

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts		$	(1,297,867	)		$	(608,462	)

Teucrium Wheat Fund [Member]

Schedule of fair value of derivative instruments

Offsetting of Financial Assets and Derivative Assets as of June 30, 2019

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Assets				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due to Broker				Net Amount
Commodity Price
Wheat futures contracts		$	4,491,550			$	-			$	4,491,550			$	1,325,775			$	3,165,775			$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2019

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due from Broker				Net Amount
Commodity Price
Wheat futures contracts		$	1,325,775			$	-			$	1,325,775			$	1,325,775			$	-			$	-

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2018

		(i)				(ii)				(iii) = (i-ii)				(iv)								(v) = (iii)-(iv)
														Gross Amount Not Offset in the Statement of Assets and Liabilities
Description		Gross Amount of Recognized Liabilities				Gross Amount Offset in the Statement of Assets and Liabilities				Net Amount Presented in the Statement of Assets and Liabilities				Futures Contracts Available for Offset				Due from Broker				Net Amount
Commodity Price
Wheat futures contracts		$	3,985,400			$	-			$	3,985,400			$	-			$	3,985,400			$	-

Summary of realized and unrealized gains (losses) of the derivative instruments

Three months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts		$	(4,271,888	)		$	9,268,062

Three months ended June 30, 2018

		Realized Gain on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts		$	3,567,188			$	(1,350,213	)

Six months ended June 30, 2019

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts		$	(8,367,250	)		$	7,151,175

Six months ended June 30, 2018

		Realized Gain on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Wheat futures contracts		$	4,899,850			$	(262,050	)

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 4A
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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