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Statements of Operations (Unaudited) - Teucrium Wheat 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 Wheat Fund [Member]        
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity futures contracts (17,129,061) 1,412,938 (40,487,794) 39,419,505
Net change in unrealized (depreciation)/appreciation on commodity futures contracts 1,960,839 (60,209,162) (131,723) (97,060,524)
Interest income 2,042,449 1,029,524 4,122,595 1,124,333
Total (loss) income (13,125,773) (57,766,700) (36,496,922) (56,516,686)
Expenses        
Management fees 416,792 1,434,395 898,010 1,871,563
Professional fees 145,416 238,859 250,401 370,211
Distribution and marketing fees 475,337 632,036 1,019,399 887,465
Custodian fees and expenses 41,415 66,381 117,125 73,377
Business permits and licenses fees 8,336 13,751 13,148 26,714
General and administrative expenses 62,650 48,748 92,135 63,045
Total expenses 1,149,946 2,434,170 2,390,218 3,292,375
Expenses waived by the Sponsor 0 (339,308) 0 (425,164)
Total expenses, net 1,149,946 2,094,862 2,390,218 2,867,211
Net (loss) income $ (14,275,719) $ (59,861,562) $ (38,887,140) $ (59,383,897)
Net (loss) gain per share (in dollars per share) $ (0.60) $ (0.80) $ (1.53) $ 1.65
Net (loss) gain per weighted average share (in dollars per share) $ (0.56) $ (1.13) $ (1.51) $ (1.64)
Weighted average shares outstanding (in shares) 25,394,509 53,085,993 25,827,490 36,163,126
[1] The Hashdex Bitcoin Futures ETF commenced operations on September 15, 2022.