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Fair Value Measurements (Teucrium Soybean Fund [Member])
 12 Months Ended
Dec. 31, 2012
Teucrium Soybean Fund [Member]
  
Fair Value Measurements

Note 3 - Fair Value Measurements

 

The Fund's assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Fund's significant accounting policies in Note 2. The following table presents information about the Fund's assets and liabilities measured at fair value as of December 31, 2012 and 2011:

 

December 31, 2012                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2012  
Cash equivalents   $ 6,169,205     $ -     $ -     $ 6,169,205  
Commodity futures contracts     63,200       -       -       63,200  
Total   $ 6,232,405     $ -     $ -     $ 6,232,405  

 

                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   December 31, 2012  
Commodity futures contracts   $ 284,575     $ -     $ -     $ 284,575  
                                 

 

December 31, 2011                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2011  
Cash equivalents   $ 2,055,369     $ -     $ -     $ 2,055,369  
Commodity futures contracts     9,994       -       -       9,994  
Total   $ 2,065,363     $ -     $ -     $ 2,065,363  

 

 

                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   December 31, 2011  
Commodity futures contracts   $ 164,663     $ -     $ -     $ 164,663  
                                 

During the year ended December 31, 2012 and for the period from the commencement of operations (September 19, 2011) and December 31, 2011, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.