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Derivative Instruments and Hedging Activities (Tables) (Teucrium Commodity Trust [Member])
3 Months Ended
Mar. 31, 2013
Teucrium Commodity Trust [Member]
 
Schedule of Fair Value of Derivative Instruments

 

As of March 31, 2013:

 

    Gross Amounts Not Offset in the Statements of Assets and Liabilities  
Primary Underlying Risk - Assets   Commodity Futures Contracts   Collateral, Due from Broker  
Commodity price                  
Corn futures contracts   $ -     $ 3,572,300    
Natural gas futures contracts     268,180       -    
WTI crude oil futures contracts     59,032       64,263    
Soybean futures contracts     4,075       399,703    
Sugar futures contracts     -       311,100    
Wheat futures contracts     -       847,255    
Total   $ 331,287     $ 5,194,621    

 

    Gross Amounts Not Offset in the Statements of Assets and Liabilities  
Primary Underlying Risk - Liabilities   Commodity Futures Contracts   Collateral, Due to Broker  
Commodity price                  
Corn futures contracts   $ 2,824,800     $ -    
Natural gas futures contracts     -       136,990    
WTI crude oil futures contracts     19,640       -    
Soybean futures contracts     85,400       -    
Sugar futures contracts     201,499       -    
Wheat futures contracts     630,063       -    
Total   $ 3,761,402     $ 136,990    

 

As of December 31, 2012:

    Gross Amounts Not Offset in the Statements of Assets and Liabilities  
Primary Underlying Risk - Assets   Commodity Futures Contracts   Collateral, Due from Broker  
Commodity price                  
Corn futures contracts   $ -     $ 5,106,775    
Natural gas futures contracts     9,550       367,374    
WTI crude oil futures contracts     44,872       137,328    
Soybean futures contracts     63,200       670,563    
Sugar futures contracts     -       189,259    
Wheat futures contracts     15,762       532,964    
Total   $ 133,384     $ 7,004,263    

 

    Gross Amounts Not Offset in the Statements of Assets and Liabilities  
Primary Underlying Risk - Liabilities   Commodity Futures Contracts   Collateral, Due to Broker  
Commodity price                  
Corn futures contracts   $ 2,213,775     $ -    
Natural gas futures contracts     233,919       -    
WTI crude oil futures contracts     58,090       -    
Soybean futures contracts     284,575       -    
Sugar futures contracts     78,378       -    
Wheat futures contracts     206,850       -    
Total   $ 3,075,587     $ -    

 

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

 

Three months ended March 31, 2013

 

    Realized Loss on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ (1,859,822 )   $ (611,025 )
Natural gas futures contracts     (110,739 )     492,549  
WTI crude oil futures contracts     (9,320 )     52,610  
Soybean futures contracts     (217,575 )     140,050  
Sugar futures contracts     (85,826 )     (123,121 )
Wheat futures contracts     (385,538 )     (438,975 )
Total commodity futures contracts   $ (2,668,820 )   $ (487,912 )

 

Three months ended March 31, 2012

    Realized (Loss) Gain on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ (2,136,224 )   $ (1,442,778 )
Natural gas futures contracts     (504,280 )     132,570  
WTI crude oil futures contracts     5,610       224,520  
Soybean futures contracts     10,341       327,472  
Sugar futures contracts     (9,734 )     153,745  
Wheat futures contracts     (104,150 )     100,225  
Total commodity futures contracts   $ (2,738,437 )   $ (504,246 )

 

 

Schedule of Volume of Derivative Activities

At March 31, 2013, 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   $ 39,975,000       1,373  
Natural gas futures contracts     3,764,890       90  
WTI crude oil futures contracts     1,989,850       21  
Soybean futures contracts     6,514,350       101  
Sugar futures contracts     2,417,856       118  
Wheat futures contracts     6,906,338       197  
Total commodity futures contracts   $ 61,568,284       1,900  

 

At December 31, 2012, 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   $ 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