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Fair Value Measurements (Teucrium Wheat Fund [Member])
 3 Months Ended
Mar. 31, 2013
Teucrium Wheat 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   $ 6,678,055     $ -     $ -     $ 6,678,055  
                                 
                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   March 31, 2013  
Commodity futures contracts   $ 630,063     $ -     $ -     $ 630,063  
                                 
December 31, 2012                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2012  
Cash equivalents   $ 3,356,906     $ -     $ -     $ 3,356,906  
Commodity futures contracts     15,762       -       -       15,762  
Total   $ 3,372,668     $ -     $ -     $ 3,372,668  
                   
                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   December 31, 2012  
Commodity futures contracts   $ 206,850     $ -     $ -     $ 206,850  
                                 

 

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.