<SEC-DOCUMENT>0001654954-21-010037.txt : 20210913
<SEC-HEADER>0001654954-21-010037.hdr.sgml : 20210913
<ACCEPTANCE-DATETIME>20210913171518
ACCESSION NUMBER:		0001654954-21-010037
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210913
DATE AS OF CHANGE:		20210913

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Teucrium Commodity Trust
		CENTRAL INDEX KEY:			0001471824
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-241569
		FILM NUMBER:		211250455

	BUSINESS ADDRESS:	
		STREET 1:		THREE MAIN STREET
		STREET 2:		SUITE 215
		CITY:			BURLINGTON
		STATE:			VT
		ZIP:			05401
		BUSINESS PHONE:		802-540-0019

	MAIL ADDRESS:	
		STREET 1:		THREE MAIN STREET
		STREET 2:		SUITE 215
		CITY:			BURLINGTON
		STATE:			VT
		ZIP:			05401
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>prospectussupplement-9132.htm
<DESCRIPTION>PRIMARY DOCUMENT
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<title>prospectussupplement-9132</title>
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<font style="font-family: Calibri;"><font style="font-size: 13px;">Filed pursuant to Rule
424(b)(3)</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">File No. 333-248546</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">File No. 333-248545</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">File No. 333-241569</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">File No. 333-230623</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">File No. 333-254650</font></font></div>

<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;&#xA0;</font></font></div>

<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-weight: bold; font-size: 13px;">TEUCRIUM CORN
FUND</font></font></div>

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<font style="font-family: Calibri;"><font style="font-weight: bold; font-size: 13px;">TEUCRIUM SUGAR
FUND</font></font></div>

<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-weight: bold; font-size: 13px;">TEUCRIUM SOYBEAN
FUND</font></font></div>

<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-weight: bold; font-size: 13px;">TEUCRIUM WHEAT
FUND</font></font></div>

<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-weight: bold; font-size: 13px;">TEUCRIUM AGRICULTURAL
FUND</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">Supplement dated September 13,
2021</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">to</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">Prospectus dated May 1, 2021 (as supplemented
July 6, 2021)</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-size: 13px;">This supplement updates the prospectuses dated
May 1, 2021 (as supplemented July 6, 2021) of the Teucrium Corn
Fund, Teucrium Sugar Fund, Teucrium Soybean Fund, Teucrium Wheat
Fund, and Teucrium Agricultural Fund (each, a &#x201C;Fund&#x201D;,
and together, the &#x201C;Funds&#x201D;), with the following
information. It should be read in its entirety and kept together
with your prospectuses for future reference.</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;"><font style="font-weight: bold">Legal
Matters.</font>&#xA0;The following information replaces the
&#x201C;<font style="font-weight: bold">Litigation and
Claims</font>&#x201D; section in each prospectus that appears under
the caption &#x201C;<font style="font-weight: bold">Legal
Matters</font>&#x201D; and supersedes the supplement to each
Fund&#x2019;s prospectus dated July 6, 2021. <font style="color: #000000">&#xA0;</font></font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

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<font style="font-family: Calibri;"><font style="font-weight: bold; font-size: 13px;">Litigation and
Claims</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-size: 13px;">On November 30, 2020, certain officers and
members of Teucrium Trading, LLC (the &#x201C;Sponsor&#x201D;), along
with the Sponsor, filed a Verified Complaint (as amended through
the Amended Verified Complaint filed on February 18, 2021) (the
&#x201C;Gilbertie complaint&#x201D;) in the Delaware Court of
Chancery, C.A. No. 2020-1018-AGB. The <font style="font-style: italic">Gilbertie</font> complaint asserts various
claims against Dale Riker, the Sponsor&#x2019;s former Chief
Executive Officer and Barbara Riker, the Sponsor&#x2019;s former
Chief Financial Officer and Chief Compliance Officer. <font style="font-style: italic">Sal Gilbertie v. Dale
Riker</font>,&#xA0;<font style="font-style: italic">et
al.,</font>&#xA0;C.A. No. 2020-1018-AGB (Del. Ch.)
(the&#xA0;<font style="font-style: italic">&#x201C;Gilbertie</font>&#xA0;case&#x201D;)</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-size: 13px;">Among other things, the Gilbertie complaint
responded to and addressed certain allegations that Mr. Riker had
made in a draft complaint that he threatened to file (and
subsequently did file) in New York Supreme Court. <font style="font-style: italic">See Dale Riker v. Sal Gilbertie, et
al.,</font> No. 656794-2020 (N.Y. Sup. Ct.). On April 22, 2021, the
Supreme Court of the State of New York, New York County dismissed
Mr. Riker&#x2019;s case without prejudice to the case being refiled
after the conclusion of the <font style="font-style: italic">Gilbertie c</font>ase in Delaware Chancery
Court. <font style="font-style: italic">See Dale Riker, et al. v.
Teucrium Trading, LLC et al,</font> Decision + Order on Motions,
No. 6567943-2020 (N.Y. Sup. Ct) (Apr. 22,
2021).</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">The Gilbertie complaint asserts claims for a
declaration concerning the effects of the final order and judgment
in an earlier books and records action; for a declaration
concerning Mr. Riker&#x2019;s allegation that Mr. Gilbertie had
entered into an agreement to purchase Mr. Riker&#x2019;s equity in
the Sponsor; for an order compelling the return of property from
Mr. Riker; for a declaration concerning Mr. Riker&#x2019;s
allegations that the Sponsor and certain of the plaintiffs had
improperly removed him as an officer and caused purportedly false
financial information to be published; for breach of Ms.
Riker&#x2019;s separation agreement with the Sponsor; for tortious
interference by Mr. Riker with Ms. Riker&#x2019;s separation
agreement; for a declaration concerning the releases that had been
provided to Ms. Riker through her separation agreement; for breach
of the Sponsor&#x2019;s Operating Agreement by Mr. Riker; and for
breach of fiduciary duty by Mr. Riker.</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-size: 13px;">On June 29, 2021, Dale Riker, individually and
derivatively on behalf of the Sponsor, filed a new suit in the
Court of Chancery of the State of Delaware against the
Sponsor&#x2019;s officers and certain of the Sponsor&#x2019;s Class A
Members. See <font style="font-style: italic">Dale Riker v.
Salvatore Gilbertie et al.</font>, C.A. No. 2021-0561-LWW. (the
&#x201C;<font style="font-style: italic">Riker c</font>ase&#x201D;).
On September 7, 2021, Dale Riker and Barbara Riker filed their
answers to the <font style="font-style: italic">Gilbertie</font>
complaint. As a result of the Court having ordered the
consolidation of the <font style="font-style: italic">Gilbertie
c</font>ase and <font style="font-style: italic">Riker c</font>ase,
the claims in the <font style="font-style: italic">Riker
c</font>ase were re-filed as counterclaims in the <font style="font-style: italic">Gilbertie c</font>ase, which accompanied the
Rikers&#x2019; answers. The now-consolidated <font style="font-style: italic">Gilbertie c</font>ase and the <font style="font-style: italic">Riker c</font>ase is captioned <font style="font-style: italic">Sal Gilbertie, Cory Mullen-Rusin, Steve
Kahler, Carl Miller III, and Teucrium Trading LLC v. Dale Riker and
Barbara Riker</font>, C.A. No. 2020-1018-LWW.</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;</font></font></div>

<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Calibri;"><font style="font-size: 13px;">Through their counterclaims, the Rikers assert
direct and derivative claims for breach of fiduciary duty, breach
of contract, declaratory relief, specific performance, unjust
enrichment, fraud, and conspiracy to commit fraud. The Sponsor
intends to pursue its claims and defend vigorously against the
Rikers&#x2019; counterclaims in Delaware.</font></font></div>

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<font style="font-family: Calibri;"><font style="font-size: 13px;">&#xA0;&#xA0;</font></font></div>

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<font style="font-family: Calibri;"><font style="color: rgb(0, 0, 0); font-size: 13px;">Except as described above,
within the past 10 years of the date of this prospectus, there have
been no material administrative, civil or criminal actions against
the Sponsor, any of the Funds, or Teucrium Commodity Trust (of
which each Fund is a separate portfolio), or any principal or
affiliate of any of them.&#xA0;&#xA0;This includes any actions
pending, on appeal, concluded, threatened, or otherwise known to
them.</font></font></div>

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