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Note 4 - Fair Value Measurements - Teucrium Sugar Fund (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2024
Cash Equivalents		$	181,255,945			$	-			$	-			$	181,255,945
Commodity Futures Contracts
Corn futures contracts			1,936,572				-				-				1,936,572
Total		$	183,192,517			$	-			$	-			$	183,192,517

Liabilities:		Level 1				Level 2				Level 3				Balance as of December 31, 2024
Commodity Futures Contracts
Corn futures contracts		$	1,955,417			$	-			$	-			$	1,955,417
Soybean futures contracts			1,321,026				-				-				1,321,026
Sugar futures contracts			1,560,295				-				-				1,560,295
Wheat futures contracts			11,974,384				-				-				11,974,384
Total		$	16,811,122			$	-			$	-			$	16,811,122

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2023
Cash Equivalents		$	263,089,306			$	-			$	-			$	263,089,306
Commodity and Cryptocurrency Futures Contracts
Wheat futures contracts			2,237,493				-				-				2,237,493
Bitcoin futures contracts			129,519				-				-				129,519
Total		$	265,456,318			$	-			$	-			$	265,456,318

Liabilities:		Level 1				Level 2				Level 3				Balance as of December 31, 2023
Commodity and Cryptocurrency Futures Contracts
Corn futures contracts		$	2,182,141			$	-			$	-			$	2,182,141
Soybeans futures contracts			1,391,661				-				-				1,391,661
Sugar futures contracts			2,687,998				-				-				2,687,998
Wheat futures contracts			4,575,666				-				-				4,575,666
Bitcoin futures contracts			51,376				-				-				51,376
Total		$	10,888,842			$	-			$	-			$	10,888,842

Teucrium Sugar Fund [Member]

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2024
Cash Equivalents		$	9,452,784			$	-			$	-			$	9,452,784

Liabilities:		Level 1				Level 2				Level 3				Balance as of December 31, 2024
Sugar futures contracts		$	1,560,295			$	-			$	-			$	1,560,295

Assets:		Level 1				Level 2				Level 3				Balance as of December 31, 2023
Cash Equivalents		$	13,551,433			$	-			$	-			$	13,551,433

Liabilities:		Level 1				Level 2				Level 3				Balance as of December 31, 2023
Sugar futures contracts		$	2,687,998			$	-			$	-			$	2,687,998

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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