XML 62 R32.htm IDEA: XBRL DOCUMENT v3.19.2

Fair Value Measurements (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Teucrium Commodity Trust - Combined [Member]
Assets:
Cash equivalents	$ 102,924,441	$ 87,351,442
Commodity futures contracts	9,226,814	569,742
Total	112,151,255	87,921,185
Liabilities:
Commodity futures contracts	1,425,971	5,369,594
Total	1,425,971	5,369,594
Teucrium Commodity Trust - Combined [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	3,226,613	107,363
Liabilities:
Commodity futures contracts		1,297,288
Teucrium Commodity Trust - Combined [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	1,431,225	228,400
Liabilities:
Commodity futures contracts		39,250
Teucrium Commodity Trust - Combined [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	74,426	233,979
Liabilities:
Commodity futures contracts	100,196	47,656
Teucrium Commodity Trust - Combined [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	4,491,550
Liabilities:
Commodity futures contracts	1,325,775	3,985,400
Teucrium Commodity Trust - Combined [Member] | Level 1 [Member]
Assets:
Cash equivalents	102,924,441	87,351,442
Commodity futures contracts	9,226,814	569,742
Total	112,151,255	87,921,185
Liabilities:
Commodity futures contracts	1,425,971	5,369,594
Total	1,425,971	5,369,594
Teucrium Commodity Trust - Combined [Member] | Level 1 [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	3,226,613	107,363
Liabilities:
Commodity futures contracts		1,297,288
Teucrium Commodity Trust - Combined [Member] | Level 1 [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	1,431,225	228,400
Liabilities:
Commodity futures contracts		39,250
Teucrium Commodity Trust - Combined [Member] | Level 1 [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	74,426	233,979
Liabilities:
Commodity futures contracts	100,196	47,656
Teucrium Commodity Trust - Combined [Member] | Level 1 [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	4,491,550
Liabilities:
Commodity futures contracts	1,325,775	3,985,400
Teucrium Commodity Trust - Combined [Member] | Level 2 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Commodity Trust - Combined [Member] | Level 2 [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Commodity Trust - Combined [Member] | Level 2 [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Commodity Trust - Combined [Member] | Level 2 [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Commodity Trust - Combined [Member] | Level 2 [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Commodity Trust - Combined [Member] | Level 3 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Commodity Trust - Combined [Member] | Level 3 [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Commodity Trust - Combined [Member] | Level 3 [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Commodity Trust - Combined [Member] | Level 3 [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Commodity Trust - Combined [Member] | Level 3 [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Corn Fund [Member]
Assets:
Cash equivalents	51,222,454	34,935,797
Commodity futures contracts	3,226,613	107,363
Total	54,449,067	35,043,160
Liabilities:
Commodity futures contracts	0	1,297,288
Total	0	1,297,288
Teucrium Corn Fund [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	3,226,613	107,363
Liabilities:
Commodity futures contracts		1,297,288
Teucrium Corn Fund [Member] | Level 1 [Member]
Assets:
Cash equivalents	51,222,454	34,935,797
Commodity futures contracts	3,226,613	107,363
Total	54,449,067	35,043,160
Liabilities:
Commodity futures contracts	0	1,297,288
Total	0	1,297,288
Teucrium Corn Fund [Member] | Level 1 [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	3,226,613	107,363
Liabilities:
Commodity futures contracts		1,297,288
Teucrium Corn Fund [Member] | Level 2 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Corn Fund [Member] | Level 2 [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Corn Fund [Member] | Level 3 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Corn Fund [Member] | Level 3 [Member] | Corn Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Soybean Fund [Member]
Assets:
Cash equivalents	16,020,738	12,492,618
Commodity futures contracts	1,431,225	228,400
Total	17,451,963	12,721,018
Liabilities:
Commodity futures contracts	0	39,250
Total	0	39,250
Teucrium Soybean Fund [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	1,431,225	228,400
Liabilities:
Commodity futures contracts		39,250
Teucrium Soybean Fund [Member] | Level 1 [Member]
Assets:
Cash equivalents	16,020,738	12,492,618
Commodity futures contracts	1,431,225	228,400
Total	17,451,963	12,721,018
Liabilities:
Commodity futures contracts	0	39,250
Total	0	39,250
Teucrium Soybean Fund [Member] | Level 1 [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	1,431,225	228,400
Liabilities:
Commodity futures contracts		39,250
Teucrium Soybean Fund [Member] | Level 2 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Soybean Fund [Member] | Level 2 [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Soybean Fund [Member] | Level 3 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Soybean Fund [Member] | Level 3 [Member] | Soybean Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts		0
Teucrium Sugar Fund [Member]
Assets:
Cash equivalents	3,049,560	2,497,232
Commodity futures contracts	77,426	233,979
Total	3,126,986	2,731,211
Liabilities:
Commodity futures contracts	100,196	47,656
Total	100,196	47,656
Teucrium Sugar Fund [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	77,426	233,979
Liabilities:
Commodity futures contracts	100,196	47,656
Teucrium Sugar Fund [Member] | Level 1 [Member]
Assets:
Cash equivalents	3,049,560	2,497,232
Commodity futures contracts	77,426	233,979
Total	3,126,986	2,731,211
Liabilities:
Commodity futures contracts	100,196	47,656
Total	100,196	47,656
Teucrium Sugar Fund [Member] | Level 1 [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	77,426	233,979
Liabilities:
Commodity futures contracts	100,196	47,656
Teucrium Sugar Fund [Member] | Level 2 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Sugar Fund [Member] | Level 2 [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Sugar Fund [Member] | Level 3 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Sugar Fund [Member] | Level 3 [Member] | Sugar Futures Contracts [Member]
Assets:
Commodity futures contracts	0	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Wheat Fund [Member]
Assets:
Cash equivalents	32,628,949	37,422,933
Commodity futures contracts	4,491,550	0
Total	37,120,499	37,422,933
Liabilities:
Commodity futures contracts	1,325,775	3,985,400
Total	1,325,775	3,985,400
Teucrium Wheat Fund [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	4,491,550
Liabilities:
Commodity futures contracts	1,325,775	3,985,400
Teucrium Wheat Fund [Member] | Level 1 [Member]
Assets:
Cash equivalents	32,628,949	37,422,933
Commodity futures contracts	4,491,550	0
Total	37,120,499	37,422,933
Liabilities:
Commodity futures contracts	1,325,775	3,985,400
Total	1,325,775	3,985,400
Teucrium Wheat Fund [Member] | Level 1 [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	4,491,550
Liabilities:
Commodity futures contracts	1,325,775	3,985,400
Teucrium Wheat Fund [Member] | Level 2 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Wheat Fund [Member] | Level 2 [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Wheat Fund [Member] | Level 3 [Member]
Assets:
Cash equivalents	0	0
Commodity futures contracts	0	0
Total	0	0
Liabilities:
Commodity futures contracts	0	0
Total	0	0
Teucrium Wheat Fund [Member] | Level 3 [Member] | Wheat Futures Contracts [Member]
Assets:
Commodity futures contracts	0
Liabilities:
Commodity futures contracts	0	0
Teucrium Agricultural Fund [Member]
Assets:
Cash equivalents	2,740	2,862
Exchange-traded funds	1,508,928	1,523,286
Total	1,511,668	1,526,148
Teucrium Agricultural Fund [Member] | Level 1 [Member]
Assets:
Cash equivalents	2,740	2,862
Exchange-traded funds	1,508,928	1,523,286
Total	1,511,668	1,526,148
Teucrium Agricultural Fund [Member] | Level 2 [Member]
Assets:
Cash equivalents	0	0
Exchange-traded funds	0	0
Total	0	0
Teucrium Agricultural Fund [Member] | Level 3 [Member]
Assets:
Cash equivalents	0	0
Exchange-traded funds	0	0
Total	$ 0	$ 0

X

- Definition

Fair value of investment other than investment in equity security, investment in debt security and equity method investment. Includes, but is not limited to, investment in certain entities that calculate net asset value per share. Example includes, but is not limited to, investment in hedge fund, venture capital fund, private equity fund, and real estate partnership or fund.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 6A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=SL6742756-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 35
-Paragraph 54B
-URI http://asc.fasb.org/extlink&oid=99392525&loc=SL7495116-110257

+ Details

Name:	us-gaap_AlternativeInvestment
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_AssetsFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_AssetsFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

+ References

No definition available.

+ Details

Name:	us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

+ Details

Name:	us-gaap_DerivativeAssets
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313

+ Details

Name:	us-gaap_DerivativeLiabilities
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Fair value of financial and nonfinancial obligations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_LiabilitiesFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	dei_LegalEntityAxis=TCT_TeucriumCommodityTrustMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=TCT_CornFuturesContractsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=TCT_SoybeanFuturesContractsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=TCT_SugarFuturesContractsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=TCT_WheatFuturesContractsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=TCT_TeucriumCornFundMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=TCT_TeucriumSoybeanFundMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=TCT_TeucriumSugarFundMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=TCT_TeucriumWheatFundMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=TCT_TeucriumAgriculturalFundMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: