# Teucrium Commodity Trust

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/Teucrium Commodity Trust).

## Overview

Teucrium Commodity Trust is a U.S.-based commodity trust platform that issues exchange-traded funds and commodity pools focused on agricultural and other commodity exposures. Its series are sponsored and administered by Teucrium Trading, LLC, with products designed to give investors access to futures-based and fund-of-funds commodity strategies.

## Products & services

• Commodity ETFs and commodity pool series
• Agricultural commodity funds
• Futures-based exposure to grains and softs
• Fund-of-funds commodity allocation products
• Sponsor and advisory services for commodity vehicles

- **Agricultural commodity funds** (70%) — Exchange-traded funds and commodity pools linked to agricultural futures and related exposures.
- **Commodity allocation fund-of-funds** (15%) — Products that combine exposure to multiple Teucrium commodity funds in a single vehicle.
- **Bitcoin futures ETF** (10%) — A futures-based digital asset fund structure offered within the trust platform.
- **Advisory and sponsor services** (5%) — Commodity trading advisory and sponsor functions supporting the trust series.

- Commodity ETFs and commodity pool series
- Agricultural commodity funds
- Futures-based exposure to grains and softs
- Fund-of-funds commodity allocation products
- Sponsor and advisory services for commodity vehicles

## Customers

The trust’s products are bought by investors seeking listed exposure to commodity prices without holding physical commodities or managing futures accounts directly. Buyers include retail investors, financial advisors, and institutions using exchange-traded vehicles for tactical allocation, inflation hedging, or portfolio diversification. The funds also serve market participants who want targeted exposure to specific agricultural markets such as corn, wheat, soybeans, and sugar.

- **Retail ETF investors** (primary) — Buy listed fund shares for simple access to commodity price movements and diversification.
- **Financial advisors and wealth platforms** (primary) — Use the funds as portfolio building blocks for tactical or hedging allocations.
- **Institutional allocators** (secondary) — Use commodity funds for macro, inflation, or risk-management purposes.
- **Commodity-focused investors** (primary) — Buy single-commodity funds such as corn, wheat, soybean, or sugar exposure.

- Retail investors seeking exchange-traded commodity exposure
- Financial advisors building diversified client portfolios
- Institutions using commodities for hedging or allocation
- Investors targeting specific agricultural price exposures
- Users wanting futures exposure without direct futures trading

## Geography

Teucrium Commodity Trust is organized and operated in the United States, with the sponsor based in Burlington, Vermont. Its funds are U.S.-listed vehicles and the underlying trading, custody, and brokerage relationships are centered in U.S. markets, although the commodity exposures themselves are global in nature. The trust’s performance is therefore tied to U.S. regulatory, tax, and futures-market infrastructure, while the referenced commodities are influenced by worldwide supply and demand.

- Headquartered through the sponsor in Burlington, Vermont
- U.S.-organized trust and U.S.-listed fund series
- Trading and clearing are centered in U.S. futures markets
- Commodity exposures are global even when funds are U.S.-based
- Regulatory oversight is primarily U.S. CFTC and SEC related

## Strategy

The trust’s strategy is to expand and maintain a family of listed commodity vehicles that provide targeted exposure to agricultural markets and other commodity themes. It relies on futures-based structures, fund-of-funds design, and sponsor expertise to package exposures that are difficult for many investors to access directly. The platform also broadens through new series and advisory capabilities tied to commodity and ETF markets.

- **Grow the fund lineup** (medium-term) — A broader product shelf increases assets, distribution reach, and investor choice.
- **Preserve accurate commodity tracking** (short-term) — Investors use these funds for price exposure, so tracking quality is central to the franchise.
- **Maintain regulatory and operational compliance** (short-term) — Commodity funds depend on CFTC, NFA, SEC, and futures-market rules to operate.

- Maintain a family of commodity funds under one trust structure
- Offer targeted agricultural exposures through listed vehicles
- Use futures-based structures to replicate commodity price moves
- Expand the platform with new series and related advisory services
- Leverage sponsor expertise in commodity pool and ETF operations

## Risks

The trust is exposed to commodity price volatility, futures-market basis risk, and tracking error because its products are designed to mirror underlying commodity movements rather than own the physical assets. It also faces regulatory, tax, and operational risks tied to CFTC/SEC oversight, clearing brokers, and the use of derivatives. Cybersecurity and service-provider disruptions can affect NAV calculation, trading, and shareholder transactions.

- **Commodity price volatility** [high] — Fund returns are linked to agricultural and other commodity prices, which can move sharply on supply/demand shocks.
- **Tracking error and futures roll risk** [high] — Futures-based structures may not perfectly replicate spot commodity performance over time.
- **Regulatory and tax uncertainty** [high] — Commodity funds depend on CFTC, SEC, and tax rules that can affect eligibility and operations.
- **Service-provider and clearing-broker dependence** [medium] — Trading, custody, and execution rely on third parties such as clearing brokers and administrators.
- **Cybersecurity and operational disruption** [medium] — A breach or outage could interrupt transactions, NAV calculation, or recordkeeping.

- Commodity price swings can drive large changes in fund value
- Futures tracking error can cause returns to diverge from spot prices
- Regulatory and tax treatment of commodity funds can change
- Clearing broker or service-provider failures can disrupt operations
- Cybersecurity incidents can impair NAV, trading, or data integrity

## Accounting

The trust’s accounting is driven by fair value measurement of futures contracts, daily mark-to-market accounting, and valuation of any over-the-counter positions. Because the funds are derivative-heavy and often hold cash equivalents, reported results can be sensitive to pricing inputs, unrealized gains and losses, and the timing of trade-date recognition. Investors should also watch estimates around expenses, sponsor fees, and any contingent or regulatory matters affecting the funds.

- **Fair value measurement of futures and OTC contracts** — Daily pricing and broker-provided marks can move reported results materially.
- **Mark-to-market accounting** — Reported performance can change significantly from period to period.
- **Expense accruals and sponsor fees** — Fee accrual timing affects net expense presentation.
- **Estimates and judgments in GAAP reporting** — Small changes in assumptions can affect reported assets, liabilities, and results.

- Daily mark-to-market on commodity and crypto futures
- Fair value estimates for OTC contracts and swaps
- Unrealized gains and losses flow through operations
- Trade-date accounting affects timing of recognition
- Sponsor fees and fund expenses affect reported results

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*Last updated: 2026-04-29T05:03:31.174224+00:00*