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Fair Value Measurements (Teucrium Sugar Fund [Member])
 3 Months Ended
Mar. 31, 2013
Teucrium Sugar 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 March 31, 2013 and December 31, 2012:

 

March 31, 2013                
                Balance as of
Assets:   Level 1   Level 2   Level 3   March 31, 2013
Cash equivalents   $ 2,290,440     $ -     $ -     $ 2,290,440  
                                 

 

                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   March 31, 2013  
Commodity futures contracts   $ 201,499     $ -     $ -     $ 201,499  
                                 

 

December 31, 2012                
                Balance as of
Assets:   Level 1   Level 2   Level 3   December 31, 2012
Cash equivalents   $ 2,088,533     $ -     $ -     $ 2,088,533  
                                 

 

                Balance as of
Liabilities:   Level 1   Level 2   Level 3   December 31, 2012
Commodity futures contracts   $ 78,378     $ -     $ -     $ 78,378  
                                 

 

During the three months ended March 31, 2013 and 2012 the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.