| Fair Value Disclosures [Text Block] |
Note 4 – Fair Value Measurements
The Trust’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Trust’s significant accounting policies in Note 3. The following table presents information about the Trust’s assets and liabilities measured at fair value as of March 31, 2026 and December 31, 2025:
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | Balance as of March 31, 2026 | |
| Cash Equivalents | | $ | 610,196,705 | | | $ | - | | | $ | - | | | $ | 610,196,705 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | | 130,097 | | | | - | | | | - | | | | 130,097 | |
| Soybean futures contracts | | | 1,825,673 | | | | - | | | | - | | | | 1,825,673 | |
| Sugar futures contracts | | | 1,607,856 | | | | - | | | | - | | | | 1,607,856 | |
| Wheat futures contracts | | | 13,094,464 | | | | - | | | | - | | | | 13,094,464 | |
| Total | | $ | 626,854,795 | | | $ | - | | | $ | - | | | $ | 626,854,795 | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | Balance as of March 31, 2026 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | $ | 1,809,947 | | | $ | - | | | $ | - | | | $ | 1,809,947 | |
| Soybean futures contracts | | | 20,562 | | | | - | | | | - | | | | 20,562 | |
| Total | | $ | 1,830,509 | | | $ | - | | | $ | - | | | $ | 1,830,509 | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | Balance as of December 31, 2025 | |
| Cash Equivalents | | $ | 174,300,148 | | | $ | - | | | $ | - | | | $ | 174,300,148 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | | 50,255 | | | | - | | | | - | | | | 50,255 | |
| Total | | $ | 174,350,403 | | | $ | - | | | $ | - | | | $ | 174,350,403 | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | Balance as of December 31, 2025 | |
| Cash Equivalents | | | | | | | | | | | | | | | | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | $ | 170,785 | | | $ | - | | | $ | - | | | $ | 170,785 | |
| Soybean futures contracts | | | 2,185,227 | | | | - | | | | - | | | | 2,185,227 | |
| Sugar futures contracts | | | 1,150,617 | | | | - | | | | - | | | | 1,150,617 | |
| Wheat futures contracts | | | 7,314,828 | | | | - | | | | - | | | | 7,314,828 | |
| Total | | $ | 10,821,457 | | | $ | - | | | $ | - | | | $ | 10,821,457 | |
Teucrium Corn Fund
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | March 31, 2026 | |
| Cash Equivalents | | $ | 261,515,919 | | | $ | - | | | $ | - | | | $ | 261,515,919 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | | 130,097 | | | | - | | | | - | | | | 130,097 | |
| Total | | $ | 261,646,016 | | | $ | - | | | $ | - | | | $ | 261,646,016 | |
| | | | | | | | | | | | | | | Balance as of | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | March 31, 2026 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | $ | 1,809,947 | | | $ | - | | | $ | - | | | $ | 1,809,947 | |
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Cash Equivalents | | $ | 33,779,110 | | | $ | - | | | $ | - | | | $ | 33,779,110 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | | 50,255 | | | | - | | | | - | | | | 50,255 | |
| Total | | $ | 33,829,365 | | | $ | - | | | $ | - | | | $ | 33,829,365 | |
| | | | | | | | | | | | | | | Balance as of | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Corn futures contracts | | $ | 170,785 | | | $ | - | | | $ | - | | | $ | 170,785 | |
Teucrium Soybean Fund
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | March 31, 2026 | |
| Cash Equivalents | | $ | 47,384,656 | | | $ | - | | | $ | - | | | $ | 47,384,656 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Soybean futures contracts | | | 1,825,673 | | | | - | | | | - | | | | 1,825,673 | |
| Total | | $ | 49,210,329 | | | $ | - | | | $ | - | | | $ | 49,210,329 | |
| | | | | | | | | | | | | | | Balance as of | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | March 31, 2026 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Soybean futures contracts | | $ | 20,562 | | | $ | - | | | $ | - | | | $ | 20,562 | |
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Cash Equivalents | | $ | 33,084,870 | | | $ | - | | | $ | - | | | $ | 33,084,870 | |
| | | | | | | | | | | | | | | Balance as of | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Soybean futures contracts | | $ | 2,185,227 | | | $ | - | | | $ | - | | | $ | 2,185,227 | |
Teucrium Sugar Fund
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | March 31, 2026 | |
| Cash Equivalents | | $ | 58,354,296 | | | $ | - | | | $ | - | | | $ | 58,354,296 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Sugar futures contracts | | | 1,607,856 | | | | - | | | | - | | | | 1,607,856 | |
| Total | | $ | 59,962,152 | | | $ | - | | | $ | - | | | $ | 59,962,152 | |
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Cash Equivalents | | $ | 11,575,953 | | | $ | - | | | $ | - | | | $ | 11,575,953 | |
| Sugar futures contracts | | | - | | | | - | | | | - | | | | - | |
| Total | | $ | 11,575,953 | | | $ | - | | | $ | - | | | $ | 11,575,953 | |
| | | | | | | | | | | | | | | Balance as of | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Sugar futures contracts | | $ | 1,150,617 | | | $ | - | | | $ | - | | | $ | 1,150,617 | |
Teucrium Wheat Fund
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | March 31, 2026 | |
| Cash Equivalents | | $ | 242,928,414 | | | $ | - | | | $ | - | | | $ | 242,928,414 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Wheat futures contracts | | | 13,094,464 | | | | - | | | | - | | | | 13,094,464 | |
| Total | | $ | 256,022,878 | | | $ | - | | | $ | - | | | $ | 256,022,878 | |
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Cash Equivalents | | $ | 95,847,053 | | | $ | - | | | $ | - | | | $ | 95,847,053 | |
| | | | | | | | | | | | | | | Balance as of | |
| Liabilities | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Commodity Futures Contracts | | | | | | | | | | | | | | | | |
| Wheat futures contracts | | $ | 7,314,828 | | | $ | - | | | $ | - | | | $ | 7,314,828 | |
Teucrium Agricultural Fund
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | March 31, 2026 | |
| Exchange Traded Funds | | $ | 30,495,559 | | | $ | - | | | $ | - | | | $ | 30,495,559 | |
| Cash Equivalents | | | 13,421 | | | | - | | | | - | | | | 13,421 | |
| Total | | $ | 30,508,980 | | | $ | - | | | $ | - | | | $ | 30,508,980 | |
| | | | | | | | | | | | | | | Balance as of | |
| Assets: | | Level 1 | | | Level 2 | | | Level 3 | | | December 31, 2025 | |
| Exchange Traded Funds | | $ | 6,298,329 | | | $ | - | | | $ | - | | | $ | 6,298,329 | |
| Cash Equivalents | | | 13,162 | | | | - | | | | - | | | | 13,162 | |
| Total | | $ | 6,311,491 | | | $ | - | | | $ | - | | | $ | 6,311,491 | |
For the three months ended March 31, 2026 and year ended December 31, 2025, the Funds did not have any significant transfers between any of the levels of the fair value hierarchy, except for the Wheat Fund's DEC 26 commodity futures contracts, which for the quarter ended June 30, 2025 traded with an average daily volume less than 175 contracts and were reflected as a Level 2 asset. For the quarter ended September 30, 2025, the Wheat Fund's DEC 26 futures contracts traded with an average daily volume greater than 175 contracts and were reflected as a Level 1 asset. The determination is made as of the settlement of the futures contracts on the last day of trading for the reporting period. In making the determination of a Level 1 or Level 2 transfer, the Funds consider the average volume of the specific underlying futures contracts traded on the relevant exchange for the periods being reported.
See the Fair Value - Definition and Hierarchy section in Note 3 above for an explanation of the transfers into and out of each level of the fair value hierarchy.
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