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Derivative Instruments and Hedging Activities (Tables) (Teucrium Commodity Trust [Member])
12 Months Ended
Dec. 31, 2012
Teucrium Commodity Trust [Member]
 
Schedule of Fair Value of Derivative Instruments

 

At December 31, 2012, the fair value of derivative instruments was as follows:

 

Primary Underlying Risk   Asset Derivatives   Liability Derivatives   Net Derivatives
Commodity price                        
Corn futures contracts   $ -     $ (2,213,775 )   $ (2,213,775 )
Natural gas futures contracts     9,550       (233,919 )     (224,369 )
WTI crude oil futures contracts     44,872       (58,090 )     (13,218 )
Soybean futures contracts     63,200       (284,575 )     (221,375 )
Sugar futures contracts     -       (78,378 )     (78,378 )
Wheat futures contracts     15,762       (206,850 )     (191,088 )
Total commodity futures contracts   $ 133,384     $ (3,075,587 )   $ (2,942,203 )

 

At December 31, 2011, the fair value of derivative instruments was as follows:

 

Primary Underlying Risk   Asset Derivatives   Liability Derivatives   Net Derivatives
Commodity price                        
Corn futures contracts   $ 1,928,408     $ (2,711,523 )   $ (783,115 )
Natural gas futures contracts     -       (602,440 )     (602,440 )
WTI crude oil futures contracts     116,142       (168 )     115,974  
Soybean futures contracts     9,994       (164,663 )     (154,669 )
Sugar futures contracts     -       (138,198 )     (138,198 )
Wheat futures contracts     71,170       (141,468 )     (70,298 )
Total commodity futures contracts   $ 2,125,714     $ (3,758,460 )   $ (1,632,746 )

 

Schedule of Realized and Unrealized Gains (Losses) of Derivative Instruments

 

For the year ended December 31, 2012

 

    Realized Gain (Loss) on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ 11,440,433     $ (1,430,660 )
Natural gas futures contracts     (828,012 )     378,071  
WTI crude oil futures contracts     (8,348 )     (129,192 )
Soybean futures contracts     26,281       (66,706 )
Sugar futures contracts     (727,394 )     59,820  
Wheat futures contracts     23,740       (120,790 )
Total commodity futures contracts   $ 9,926,700     $ (1,309,457 )

 

For the year ended December 31, 2011

 

    Realized Gain (loss) on   Net Change in Unrealized (loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ 7,937,425     $ (5,961,334 )
Natural gas futures contracts     (541,020 )     (602,440 )
WTI crude oil futures contracts     (162,359 )     115,974  
Soybean futures contracts     (140,281 )     (154,669 )
Sugar futures contracts     (35,874 )     (138,198 )
Wheat futures contracts     (174,860 )     (70,298 )
Total commodity futures contracts   $ 6,883,031     $ (6,810,965 )

 

For the period from the commencement of operations (June 9, 2010) to December 31, 2010

 

    Realized Gain on   Net Change in Unrealized Gain  
Primary Underlying Risk   Derivative Instruments   on Derivative Instruments  
Commodity price                
Corn futures contracts   $ 3,693,752     $ 5,178,219  

 

Schedule of Volume of Derivative Activities

 

At December 31, 2012, the notional amounts and number of contracts, categorized by primary underlying risk, were as follows:

 

    Long Exposure
    Notional   Number
Primary Underlying Risk   Amounts   of contracts
Commodity price                
Corn futures contracts   $ 37,724,525       1,142  
Natural gas futures contracts     4,623,670       131  
WTI crude oil futures contracts     2,041,180       22  
Soybean futures contracts     6,629,575       97  
Sugar futures contracts     2,215,270       99  
Wheat futures contracts     3,724,237       93  
Total commodity futures contracts   $ 56,958,457       1,584  

 

 

At December 31, 2011, the notional amounts and number of contracts, categorized by primary underlying risk, are as follows:

 

    Long Exposure
    Notional   Number
Primary Underlying Risk   Amounts   of Contracts
Commodity price                
Corn futures contracts   $ 71,289,525       2,260  
Natural gas futures contracts     1,383,770       43  
WTI crude oil futures contracts     4,481,380       46  
Soybean futures contracts     2,177,038       36  
Sugar futures contracts     2,315,802       90  
Wheat futures contracts     2,250,188       65  
Total commodity futures contracts   $ 83,897,703       2,540