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Statements of Operations (Unaudited) - Teucrium Soybean Fund - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity futures contracts $ (15,950,119) $ 26,913,430 [1] $ (42,541,244) $ 88,611,840 [1]
Net change in unrealized (depreciation)/appreciation on commodity futures contracts (8,646,874) (112,660,860) [1] (14,470,153) (127,795,433) [1]
Interest income 4,196,821 1,779,555 [1] 8,527,835 1,999,541 [1]
Total (loss) income (20,400,172) (83,967,875) [1] (48,483,562) (37,184,052) [1]
Expenses        
Management fees 850,264 2,448,692 [1] 1,839,779 3,454,462 [1]
Professional fees 557,175 399,674 [1] 1,003,227 809,527 [1]
Distribution and marketing fees 976,404 1,127,864 [1] 1,904,116 1,887,941 [1]
Custodian fees and expenses 97,437 97,970 [1] 217,997 129,490 [1]
Business permits and licenses fees 36,511 43,549 [1] 71,128 97,375 [1]
General and administrative expenses 123,941 151,954 [1] 173,083 210,115 [1]
Total expenses 2,641,732 4,269,708 [1] 5,209,330 6,588,915 [1]
Expenses waived by the Sponsor (213,804) (707,463) [1] (409,868) (1,052,981) [1]
Total expenses, net 2,427,928 3,562,245 [1] 4,799,462 5,535,934 [1]
Net (loss) income (22,828,100) (87,530,120) [1] (53,283,024) (42,719,986) [1]
Teucrium Soybean Fund [Member]        
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity futures contracts (1,108,023) 2,645,146 (40,479) 9,697,847
Net change in unrealized (depreciation)/appreciation on commodity futures contracts 1,311,668 (2,827,976) (2,387,974) (1,913,259)
Interest income 433,162 156,528 944,785 184,364
Total (loss) income 636,807 (26,302) (1,483,668) 7,968,952
Expenses        
Management fees 86,715 201,951 201,405 337,666
Professional fees 96,011 21,564 154,009 85,551
Distribution and marketing fees 102,554 72,420 171,739 199,586
Custodian fees and expenses 13,874 5,464 17,315 11,006
Business permits and licenses fees 8,671 6,294 10,965 14,071
General and administrative expenses 8,671 26,799 10,965 36,397
Total expenses 316,496 334,492 566,398 684,277
Expenses waived by the Sponsor 0 (38,146) 0 (89,562)
Total expenses, net 316,496 296,346 566,398 594,715
Net (loss) income $ 320,311 $ (322,648) $ (2,050,066) $ 7,374,237
Net (loss) gain per share (in dollars per share) $ 0.14 $ 0.31 $ (1.17) $ 4.30
Net (loss) gain per weighted average share (in dollars per share) $ 0.24 $ 0.11 $ (1.37) $ 2.94
Weighted average shares outstanding (in shares) 1,328,026 2,881,323 1,497,380 2,506,772
[1] The Hashdex Bitcoin Futures ETF commenced operations on September 15, 2022.