Teucrium Commodity Trust reported significant financial changes in its 10-Q filing for the period ending September 30, 2024. The Trust's total assets decreased to $257.4 million from $326.0 million at the end of 2023, while total equity in trading accounts fell to $23.8 million from $33.3 million. Cash and cash equivalents also saw a decline, dropping to $233.3 million from $292.2 million. Despite a reduction in total liabilities to $10.2 million from $11.4 million, net assets decreased to $247.2 million from $314.5 million.

The Trust's performance in commodity futures contracts reflected a challenging market environment. For the three months ended September 30, 2024, the realized loss on commodity and cryptocurrency futures contracts was $(21.4 million), a notable improvement from a loss of $(42.9 million) in the same period of 2023. The net change in unrealized appreciation for the same period was $20.3 million, compared to $11.8 million in 2023. Overall, total income for the quarter was $2.0 million, a significant recovery from a loss of $(26.5 million) in the prior year.

Expenses for the quarter decreased to $2.1 million from $2.7 million year-over-year. The net loss for the three months ended September 30, 2024, was $(55,906), a substantial reduction from $(29.0 million) in the same quarter of 2023. For the nine-month period, the net loss improved to $(34.5 million) from $(82.3 million) in the previous year.

In terms of capital transactions, the Trust issued shares worth $30.2 million in the third quarter of 2024, down from $86.2 million in 2023. Redemptions also decreased to $(25.9 million) from $(36.8 million). The net change in net assets for the quarter was $6.1 million, compared to $22.4 million in the same period last year.

Strategically, the Trust merged the Hashdex Bitcoin Futures ETF into its structure on January 3, 2024, which may have contributed to its current asset composition. The Trust continues to manage its funds through various commodity pools, including the Teucrium Corn Fund, Teucrium Soybean Fund, Teucrium Sugar Fund, and Teucrium Wheat Fund, with ongoing adjustments to its investment strategies in response to market conditions.

As of September 30, 2024, the Trust's cash equivalents included significant holdings in commercial paper, which represented a substantial portion of its net assets. The Trust's management remains focused on navigating the complexities of the commodity markets while maintaining operational efficiency.