XML 138 R108.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Note 5 - Derivative Instruments and Hedging Activities - Teucrium Soybean Fund (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes Tables |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
|  | (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 |  |  | Collateral, Due to Broker |  |  | Net Amount |
Commodity Price |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corn futures contracts |  | $ | 1,936,572 |  |  | $ | - |  |  | $ | 1,936,572 |  |  | $ | 1,936,572 |  |  | $ | - |  |  | $ | - |
|  | (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 |  |  | Collateral, Due from Broker* |  |  | Net Amount |
Commodity Price |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corn futures contracts |  | $ | 1,955,417 |  |  | $ | - |  |  | $ | 1,955,417 |  |  | $ | 1,936,572 |  |  | $ | 18,845 |  |  | $ | - |
Soybean futures contracts |  | $ | 1,321,026 |  |  | $ | - |  |  | $ | 1,321,026 |  |  | $ | - |  |  | $ | 1,321,026 |  |  | $ | - |
Sugar futures contracts |  | $ | 1,560,295 |  |  | $ | - |  |  | $ | 1,560,295 |  |  | $ | - |  |  | $ | 1,560,295 |  |  | $ | - |
Wheat futures contracts |  | $ | 11,974,384 |  |  | $ | - |  |  | $ | 11,974,384 |  |  | $ | - |  |  | $ | 11,974,384 |  |  | $ | - |
|  | (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 |  |  | Collateral, Due to Broker |  |  | Net Amount |
Commodity and Cryptocurrency Price |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wheat futures contracts |  | $ | 2,237,493 |  |  | $ | - |  |  | $ | 2,237,493 |  |  | $ | 2,237,493 |  |  | $ | - |  |  | $ | - |
Bitcoin futures contracts |  | $ | 129,519 |  |  | $ | - |  |  | $ | 129,519 |  |  | $ | 51,376 |  |  | $ | - |  |  | $ | 78,143 |
|  | (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 |  |  | Collateral, Due from Broker* |  |  | Net Amount |
Commodity and Cryptocurrency Price |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corn futures contracts |  | $ | 2,182,141 |  |  | $ | - |  |  | $ | 2,182,141 |  |  | $ | - |  |  | $ | 2,182,141 |  |  | $ | - |
Soybean futures contracts |  | $ | 1,391,661 |  |  | $ | - |  |  | $ | 1,391,661 |  |  | $ | - |  |  | $ | 1,391,661 |  |  | $ | - |
Sugar futures contracts |  | $ | 2,687,998 |  |  | $ | - |  |  | $ | 2,687,998 |  |  | $ | - |  |  | $ | 2,687,998 |  |  | $ | - |
Wheat futures contracts |  | $ | 4,575,666 |  |  | $ | - |  |  | $ | 4,575,666 |  |  | $ | 2,237,493 |  |  | $ | 2,338,173 |  |  | $ | - |
Bitcoin futures contracts |  | $ | 51,376 |  |  | $ | - |  |  | $ | 51,376 |  |  | $ | 51,376 |  |  | $ | - |  |  | $ | - |
Derivative Instruments, Gain (Loss) [Table Text Block] |
|  | Realized Loss on Commodity and Cryptocurrency Futures Contracts |  |  | Net Change in Unrealized Appreciation (Depreciation) on Commodity and Cryptocurrency Futures Contracts |
Commodity and Cryptocurrency Price |  |  |  |  |  |  |  |
Corn futures contracts |  | $ | (13,556,155 | ) |  | $ | 2,163,296 |
Soybean futures contracts |  |  | (6,891,609 | ) |  |  | 70,635 |
Sugar futures contracts |  |  | (2,500,209 | ) |  |  | 1,127,703 |
Wheat futures contracts |  |  | (23,202,055 | ) |  |  | (9,636,211 | )
Bitcoin futures contracts |  |  | (78,143 | ) |  |  | 114,383 |
Total commodity and cryptocurrency futures contracts |  | $ | (46,228,171 | ) |  | $ | (6,160,194 | )
|  | Realized (Loss) Gain on Commodity and Cryptocurrency Futures Contracts |  |  | Net Change in Unrealized (Depreciation) Appreciation on Commodity and Cryptocurrency Futures Contracts |
Commodity and Cryptocurrency Price |  |  |  |  |  |  |  |
Corn futures contracts |  | $ | (26,707,038 | ) |  | $ | (800,836 | )
Soybean futures contracts |  |  | 940,552 |  |  |  | (3,912,031 | )
Sugar futures contracts |  |  | 11,398,276 |  |  |  | (3,514,199 | )
Wheat futures contracts |  |  | (81,189,435 | ) |  |  | 20,881,933 |
Bitcoin futures contracts |  |  | 1,308,803 |  |  |  | 48,991 |
Total commodity and cryptocurrency futures contracts |  | $ | (94,248,842 | ) |  | $ | 12,703,858 |
|  | Realized Gain (Loss) on Commodity and Cryptocurrency Futures Contracts |  |  | Net Change in Unrealized (Depreciation) Appreciation on Commodity and Cryptocurrency Futures Contracts |
Commodity and Cryptocurrency Price |  |  |  |  |  |  |  |
Corn futures contracts |  | $ | 28,784,977 |  |  | $ | (7,317,857 | )
Soybean futures contracts |  |  | 10,362,032 |  |  |  | (164,481 | )
Sugar futures contracts |  |  | (442,477 | ) |  |  | (172,519 | )
Wheat futures contracts |  |  | (81,457,408 | ) |  |  | (26,279,809 | )
Bitcoin futures contracts |  |  | (423,794 | ) |  |  | 29,152 |
Total commodity and cryptocurrency futures contracts |  | $ | (43,176,670 | ) |  | $ | (33,905,514 | )
Teucrium Soybean Fund [Member] |
Notes Tables |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
|  | (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 |  |  | Collateral, Due from Broker* |  |  | Net Amount |
Commodity Price |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Soybean futures contracts |  | $ | 1,321,026 |  |  | $ | - |  |  | $ | 1,321,026 |  |  | $ | - |  |  | $ | 1,321,026 |  |  | $ | - |
|  | (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 |  |  | Collateral, Due from Broker |  |  | Net Amount |
Commodity Price |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Soybean futures contracts |  | $ | 1,391,661 |  |  | $ | - |  |  | $ | 1,391,661 |  |  | $ | - |  |  | $ | 1,391,661 |  |  | $ | - |
Derivative Instruments, Gain (Loss) [Table Text Block] |
|  | Realized Loss on Commodity Futures Contracts |  |  | Net Change in Unrealized Appreciation on Commodity Futures Contracts |
Commodity Price |  |  |  |  |  |  |  |
Soybean futures contracts |  | $ | (6,891,609 | ) |  | $ | 70,635 |
|  | Realized Gain on Commodity Futures Contracts |  |  | Net Change in Unrealized Depreciation on Commodity Futures Contracts |
Commodity Price |  |  |  |  |  |  |  |
Soybean futures contracts |  | $ | 940,552 |  |  | $ | (3,912,031 | )
|  | Realized Gain on Commodity Futures Contracts |  |  | Net Change in Unrealized Depreciation on Commodity Futures Contracts |
Commodity Price |  |  |  |  |  |  |  |
Soybean futures contracts |  | $ | 10,362,032 |  |  | $ | (164,481 | )

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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=tect_TeucriumSoybeanFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |