8-KFiled Aug 30, 8:00 PM ET

Teucrium Commodity Trust Adds Alternative Wheat Futures for Teucrium Wheat Fund

$BTCK · Teucrium Commodity Trust

Research Summary

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Teucrium Commodity Trust Adds Alternative Wheat Futures for Teucrium Wheat Fund

What Happened

  • Teucrium Trading, LLC (the Sponsor) filed an 8-K on August 31, 2026 announcing that the Teucrium Wheat Fund (a series of Teucrium Commodity Trust) may, effective immediately, choose to invest in KC Hard Red Winter Wheat futures (CBOT-listed) and Hard Red Spring Wheat futures (MGEX-listed).
  • The Fund’s investment objective, Benchmark and Benchmark Component Futures Contracts remain unchanged; under normal conditions the Fund will continue to use its Benchmark Component Futures Contracts and cash equivalents.

Key Details

  • Effective date: August 31, 2026; prospectus supplement filed the same day (see prospectus dated April 30, 2026, as supplemented).
  • Alternative contracts: KC HRW Wheat Futures (Chicago Board of Trade) and MGEX HRS Wheat Futures (Minneapolis Grain Exchange).
  • Use condition: The Fund expects to use these Alternative Wheat Futures only if position limits, accountability levels or price fluctuation limits on the Benchmark Component Futures restrict the Fund’s ability to invest as needed.
  • Risks/operational notes: These alternative contracts reference different wheat classes, delivery locations and grade specs, have separate CFTC/exchange position limits, and are generally less liquid—potentially reducing correlation between the Fund’s NAV and its Benchmark. Holdings used for the next NAV are posted at teucrium.com/weat.

Why It Matters

  • This change gives the Wheat Fund flexibility to maintain target exposures when regulatory or exchange limits prevent using its primary benchmark futures.
  • Investors should know the Fund’s benchmark and objective did not change, but using alternative wheat contracts may affect liquidity and how closely NAV tracks the Benchmark because the contracts reference different wheat types and delivery terms.
  • Read the prospectus supplement and the Fund prospectus (April 30, 2026, as supplemented) for full details before investing.