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Note 5 - Derivative Instruments and Hedging Activities - Teucrium Sugar 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 Sugar 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
Sugar futures contracts		$	1,560,295			$	-			$	1,560,295			$	-			$	1,560,295			$	-

		(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
Sugar futures contracts		$	2,687,998			$	-			$	2,687,998			$	-			$	2,687,998			$	-

Derivative Instruments, Gain (Loss) [Table Text Block]

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Appreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts		$	(2,500,209	)		$	1,127,703

		Realized Gain on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts		$	11,398,276			$	(3,514,199	)

		Realized Loss on Commodity Futures Contracts				Net Change in Unrealized Depreciation on Commodity Futures Contracts
Commodity Price
Sugar futures contracts		$	(442,477	)		$	(172,519	)

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.

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