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Derivative Instruments and Hedging Activities (Tables) (Teucrium Commodity Trust [Member])
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6 Months Ended |
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Jun. 30, 2012
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Teucrium Commodity Trust [Member]
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| Schedule of Fair Value of Derivative Instruments |
At June 30, 2012, the fair value of derivative instruments was as follows: | Primary Underlying Risk | | Asset derivatives | | Liability derivatives | | Net derivatives | | Commodity price | | | | | | | | | | | | | | Corn futures contracts | | $ | 3,935,961 | | | $ | - | | | | 3,935,961 | | | Natural gas futures contracts | | | - | | | | (272,363 | ) | | | (272,363 | ) | | WTI crude oil futures contracts | | | - | | | | (170,533 | ) | | | (170,533 | ) | | Soybean futures contracts | | | 148,038 | | | | - | | | | 148,038 | | | Sugar futures contracts | | | - | | | | (60,984 | ) | | | (60,984 | ) | | Wheat futures contracts | | | 318,050 | | | | - | | | | 318,050 | | | Total commodity futures contracts | | $ | 4,402,049 | | | $ | (503,880 | ) | | | 3,898,169 | | 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 period January 1, 2012 to June 30, 2012 | | | Realized (loss) Gain on | | Net Change in Unrealized Gain | | Primary Underlying Risk | | Derivative Instruments | | (loss) on Derivative Instruments | | Commodity price | | | | | | | | | | Corn futures contracts | | $ | (4,391,819 | ) | | $ | 4,719,076 | | | Natural gas futures contracts | | | (567,888 | ) | | | 330,077 | | | WTI crude oil futures contracts | | | 43,347 | | | | (286,507 | ) | | Soybean futures contracts | | | 77,981 | | | | 302,707 | | | Sugar futures contracts | | | (596,310 | ) | | | 77,214 | | | Wheat futures contracts | | | (464,222 | ) | | | 388,348 | | | Total commodity futures contracts | | $ | (5,898,911 | ) | | $ | 5,530,915 | | For the period January 1, 2011 to June 30, 2011 | | | Realized Gain (loss) on | | Net Change in Unrealized Loss | | Primary Underlying Risk | | Derivative Instruments | | on Derivative Instruments | | Commodity price | | | | | | | | | | Corn futures contracts | | $ | 5,675,823 | | | $ | (10,262,443 | ) | | Natural gas futures contracts | | | (327,940 | ) | | | (57,008 | ) | | WTI crude oil futures contracts | | | 183,869 | | | | (165,339 | ) | | Total commodity futures contracts | | $ | 5,531,752 | | | $ | (10,484,790 | ) | For the period from April 1, 2012 to June 30, 2012 | | | Realized (loss) Gain on | | Net Change in Unrealized Gain (loss) | | Primary Underlying Risk | | Derivative Instruments | | on Derivative Instruments | | Commodity price | | | | | | | | | | Corn futures contracts | | $ | (2,255,455 | ) | | $ | 6,161,715 | | | Natural gas futures contracts | | | (63,608 | ) | | | 197,507 | | | WTI crude oil futures contracts | | | 37,737 | | | | (511,027 | ) | | Soybean futures contracts | | | 67,640 | | | | (24,765 | ) | | Sugar futures contracts | | | (586,576 | ) | | | (76,531 | ) | | Wheat futures contracts | | | (360,072 | ) | | | 288,123 | | | Total commodity futures contracts | | $ | (3,160,334 | ) | | $ | 6,035,022 | | For the period April 1, 2011 to June 30, 2011 | | | Realized Gain (loss) on | | Net Change in Unrealized Loss | | Primary Underlying Risk | | Derivative Instruments | | on Derivative Instruments | | Commodity price | | | | | | | | | | Corn futures contracts | | $ | 1,989,590 | | | $ | (14,224,512 | ) | | Natural gas futures contracts | | | (3,752 | ) | | | (100,528 | ) | | WTI crude oil futures contracts | | | 178,369 | | | | (547,199 | ) | | Total commodity futures contracts | | $ | 2,164,207 | | | $ | (14,872,239 | ) | |
| Schedule of Volume of Derivative Activities |
At June 30, 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 | | $ | 61,966,713 | | | | 2,035 | | | Natural gas futures contracts | | | 3,556,000 | | | | 111 | | | WTI crude oil futures contracts | | | 1,932,740 | | | | 22 | | | Soybean futures contracts | | | 2,452,425 | | | | 36 | | | Sugar futures contracts | | | 959,190 | | | | 40 | | | Wheat futures contracts | | | 2,777,413 | | | | 71 | | | Total commodity futures contracts | | $ | 73,644,481 | | | | 2,315 | | 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 | | |