Teucrium Commodity Trust Files 2023 Annual Report on Form 10-K

TL;DR

<b>Teucrium Commodity Trust has filed its annual report for the fiscal year ending December 31, 2023.</b>

AI Summary

Teucrium Commodity Trust (WEAT) filed a Annual Report (10-K) with the SEC on February 29, 2024. Teucrium Commodity Trust filed its 2023 Form 10-K on February 29, 2024. The filing covers the fiscal year ending December 31, 2023. The Trust's business address is Three Main Street, Suite 215, Burlington, VT 05401. The Trust's phone number is 802-540-0019. The filing includes data related to various underlying funds, including Teucrium Corn Fund, Teucrium Sugar Fund, Teucrium Soybean Fund, Teucrium Wheat Fund, Teucrium Agricultural Fund, and Hashdex Bitcoin Futures ETF.

Why It Matters

For investors and stakeholders tracking Teucrium Commodity Trust, this filing contains several important signals. This filing provides investors with a comprehensive overview of the Trust's financial performance and holdings for the past fiscal year. It details the Trust's investments in various commodity-related funds, offering insights into its strategy and asset allocation.

Risk Assessment

Risk Level: low — Teucrium Commodity Trust shows low risk based on this filing. The filing is a standard annual report (10-K) for a commodity trust, which typically involves lower risk compared to filings from operating companies with complex business operations.

Analyst Insight

Review the detailed holdings and financial statements within the 10-K to understand the Trust's performance and asset allocation for the 2023 fiscal year.

Financial Highlights

debt To Equity

N/A

revenue

19,469,359

operating Margin

N/A

total Assets

N/A

total Debt

N/A

net Income

N/A

eps

N/A

gross Margin

N/A

cash Position

N/A

revenue Growth

N/A

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-02-29 — Filing Date (The date the 10-K was filed.)
• 001-34765 — SEC File Number (The SEC file number for Teucrium Commodity Trust.)

Key Players & Entities

• Teucrium Commodity Trust (company) — Filer of the 10-K report.
• Three Main Street, Suite 215, Burlington, VT 05401 (address) — Business and mailing address of the Trust.
• 802-540-0019 (phone) — Business phone number of the Trust.
• Teucrium Corn Fund (company) — Underlying fund mentioned in the filing.
• Teucrium Sugar Fund (company) — Underlying fund mentioned in the filing.
• Teucrium Soybean Fund (company) — Underlying fund mentioned in the filing.
• Teucrium Wheat Fund (company) — Underlying fund mentioned in the filing.
• Hashdex Bitcoin Futures ETF (company) — Underlying fund mentioned in the filing.

FAQ

Industry Context

Teucrium Commodity Trust is an investment vehicle that provides exposure to commodity futures markets through various underlying funds.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose financial and operational information.

What Investors Should Do

1. Analyze the specific holdings and performance data for each underlying fund (Corn, Sugar, Soybean, Wheat, Agricultural, Bitcoin Futures ETF).
2. Examine any disclosures regarding the Trust's investment strategy, risk management, or operational procedures.
3. Compare the financial data presented in this 2023 10-K with previous filings to identify trends and changes.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-29: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year ending December 31, 2023, providing the first comprehensive look at the Trust's performance for this period.

Key Financial Figures

• $5,000,000 — issued representing 200,000 shares and $5,000,000. CORN began trading on the New York Sto
• $2,500,000 — h Fund, representing 100,000 shares and $2,500,000, for CANE, SOYB, and WEAT. On September
• $15,000,000 — issued representing 300,000 shares and $15,000,000. TAGS began trading on the NYSE Arca on
• $1,250,000 — e issued representing 50,000 shares and $1,250,000. DEFI began trading on the NYSE Arca on

Filing Documents

• tags20231231_10k.htm (10-K) — 6952KB
• ex_607903.htm (EX-31.1) — 14KB
• ex_607904.htm (EX-31.2) — 14KB
• ex_607905.htm (EX-32.1) — 4KB
• ex_607906.htm (EX-32.2) — 4KB
• canenavgraph.jpg (GRAPHIC) — 63KB
• cornnavgraph.jpg (GRAPHIC) — 65KB
• definavgraph.jpg (GRAPHIC) — 41KB
• gt.jpg (GRAPHIC) — 3KB
• picture1.jpg (GRAPHIC) — 57KB
• picture2.jpg (GRAPHIC) — 52KB
• picture3.jpg (GRAPHIC) — 47KB
• picture5.jpg (GRAPHIC) — 85KB
• picture6.jpg (GRAPHIC) — 76KB
• picture7.jpg (GRAPHIC) — 89KB
• picture8.jpg (GRAPHIC) — 78KB
• picture9.jpg (GRAPHIC) — 89KB
• picture10.jpg (GRAPHIC) — 28KB
• picture1001.jpg (GRAPHIC) — 86KB
• picturea.jpg (GRAPHIC) — 86KB
• pictureb.jpg (GRAPHIC) — 91KB
• picturec.jpg (GRAPHIC) — 84KB
• pictured.jpg (GRAPHIC) — 93KB
• picturee.jpg (GRAPHIC) — 76KB
• soybnavgraph.jpg (GRAPHIC) — 68KB
• tagsnavgraph.jpg (GRAPHIC) — 60KB
• weatnavgraph.jpg (GRAPHIC) — 57KB
• 0001437749-24-006069.txt (&nbsp;) — 42384KB
• tect-20231231.xsd (EX-101.SCH) — 230KB
• tect-20231231_cal.xml (EX-101.CAL) — 166KB
• tect-20231231_def.xml (EX-101.DEF) — 1782KB
• tect-20231231_lab.xml (EX-101.LAB) — 417KB
• tect-20231231_pre.xml (EX-101.PRE) — 1905KB
• tags20231231_10k_htm.xml (XML) — 6794KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 39 Item 1B. Unresolved Staff Comments 76 Item 1C. Cybersecurity 76 Item 2.

Properties

Properties 76 Item 3.

Legal Proceedings

Legal Proceedings 76 Item 4. Mine Safety Disclosures 76 PART II Item 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 77 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 86 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 107 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 109 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 110 Item 9A.

Controls and Procedures

Controls and Procedures 110 Item 9B. Other Information 110 PART III Item 10. Directors, Executive Officers and Corporate Governance 111 Item 11.

Executive Compensation

Executive Compensation 111 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 112 Item 13. Certain Relationships and Related Transactions, and Director Independence 113 Item 14. Principal Accountant Fees and Services 113 PART IV Item 15. Exhibits and Financial Statement Schedules 114 3 Table of Contents PART I

Business

Item 1. Business The Trust and the Funds Teucrium Commodity Trust ("Trust"), a Delaware statutory trust organized on September 11, 2009, is a series trust consisting of six series: Teucrium Corn Fund ("CORN"), Teucrium Sugar Fund ("CANE"), Teucrium Soybean Fund ("SOYB"), Teucrium Wheat Fund ("WEAT"), Teucrium Agricultural Fund ("TAGS") and Hashdex Bitcoin Futures ETF ("DEFI"). All of the series of the Trust are collectively referred to as the "Funds" and singularly as the "Fund." Collectively, CORN, CANE, SOYB and WEAT are referred to as the "Agricultural Funds." Each Fund is a commodity pool that is a series of the Trust. The Funds issue common units, called "Shares," representing fractional undivided beneficial interests in a Fund. The Trust and the Fund operate pursuant to the Trust's Fifth Amended and Restated Declaration of Trust and Trust Agreement (the "Trust Agreement"), dated April 26, 2019. The Trust Agreement may be found on the SEC's EDGAR filing database at: https://www.sec.gov/Archives/edgar/data/1471824/000165495419004852/ex31.htm. The Sponsor Teucrium Trading, LLC is the sponsor of the Trust and each of the series of the Trust. The Sponsor is a Delaware limited liability company, formed on July 28, 2009. The principal office is located at Three Main Street, Suite 215, Burlington, Vermont 05401. The Sponsor is registered as a commodity pool operator ("CPO") and a commodity trading adviser ("CTA") with the Commodity Futures Trading Commission ("CFTC") and is a member of the National Futures Association ("NFA"). Teucrium Investment Advisors, LLC, a wholly owned subsidiary of Teucrium Trading, LLC, is a Delaware limited liability company, which was formed on January 4, 2022. Teucrium Investment Advisors, LLC is a U.S. SEC registered investment advisor. Teucrium Investment Advisors, LLC was registered with the CFTC as a CPO on May 2, 2022, a CTA on May 2, 2022, and a Swap Firm on May 9, 2022. Teucrium Investment Advisors, LLC became a member of th

View Full Filing

View this 10-K filing on SEC EDGAR