XML 158 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Tables) (Teucrium Commodity Trust [Member])
3 Months Ended
Mar. 31, 2013
Teucrium Commodity Trust [Member]
 
Schedule of Assets and Liabilities Measured at Fair Value

 

March 31, 2013

 

                            Balance as of
Assets:   Level 1   Level 2   Level 3   March 31, 2013
Cash equivalents   $ 59,872,747     $ -     $ -     $ 59,872,747
Commodity futures contracts                              
Natural gas futures contracts     268,180       -       -       268,180
WTI crude oil futures contracts     59,032       -       -       59,032
Soybean futures contracts     4,075       -       -       4,075
Total   $ 60,204,034     $ -     $ -     $ 60,204,034
                               
                            Balance as of
Liabilities:   Level 1   Level 2   Level 3   March 31, 2013
Commodity futures contracts                            
Corn futures contracts   $ 1,813,838     $ 1,010,962     $ -     $ 2,824,800
WTI crude oil futures contracts     19,640       -       -       19,640
Soybean futures contracts     78,550       6,850       -       85,400
Sugar futures contracts     201,499       -       -       201,499
Wheat futures contracts     630,063       -       -       630,063
Total   $ 2,743,590     $ 1,017,812     $ -     $ 3,761,402
                               
December 31, 2012                              
                               
                            Balance as of
Assets:   Level 1   Level 2   Level 3   December 31, 2012
Cash equivalents   $ 52,575,291     $ -     $ -     $ 52,575,291
Commodity futures contracts                              
Natural gas futures contracts     9,550       -       -       9,550
WTI crude oil futures contracts     44,872       -       -       44,872
Soybean futures contracts     63,200       -       -       63,200
Wheat futures contracts     15,762       -       -       15,762
Total   $ 52,708,675     $ -     $ -     $ 52,708,675
                               
                            Balance as of
    Level 1   Level 2   Level 3   December 31, 2012
Liabilities:                              
Commodity futures contracts                              
Corn futures contracts   $ 2,213,775     $ -     $ -     $ 2,213,775
Natural gas futures contracts     233,919       -       -       233,919
WTI crude oil futures contracts     58,090       -       -       58,090
Soybean futures contracts     284,575       -       -       284,575
Sugar futures contracts     78,378       -       -       78,378
Wheat futures contracts     206,850       -       -       206,850
Total   $ 3,075,587     $ -     $ -     $ 3,075,587

 

Schedule of Transfers by Fair Value Hierarchy

 

    Transfers     Transfers     Transfers     Transfers     Transfers     Transfers  
    into     out of     into     out of     into     out of  
    Level 1     Level 1     Level 2     Level 2     Level 3     Level 3  
Liabilities (at fair value)                                                
Derivative contracts                                                
Corn future contracts   $ -     $ 1,010,962     $ 1,010,962     $ -     $ -     $ -  
Soybean future contracts   $ -     $ 6,850     $ 6,850     $ -     $ -     $ -  
Total   $ -     $ 1,017,812     $ 1,017,812     $ -     $ -     $ -