Teucrium Soybean Fund

The Teucrium Soybean Fund is an exchange-traded fund designed to track the daily price changes of soybeans for future delivery through a benchmark index of Chicago Board of Trade soybean futures contracts. It invests primarily in three Benchmark Component Futures Contracts—the second-to-expire, third-to-expire, and the November contract following the third—to provide unleveraged exposure to the soybean futures market without requiring a direct futures account. Employing a neutral investment strategy, the fund holds these futures alongside cash equivalents like short-term Treasury bills and money market funds to meet margin requirements and offset expenses. Soybeans, a versatile agricultural commodity essential for food, animal feed, and industrial uses, influence global markets amid growing demand in emerging and developed economies. With a low expense ratio and focus on cost-effective access, the Teucrium Soybean Fund serves as a tool for indirect soybean market participation, potentially aiding portfolio diversification due to its historically low correlation with equities and sensitivity to agricultural cycles, trade, and inflation dynamics. Regulated as a commodity pool, it reflects soybean price volatility while mitigating futures market effects like contango through its rules-based approach.