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Derivative Instruments and Hedging Activities (Tables) (Teucrium Commodity Trust [Member])
6 Months Ended
Jun. 30, 2012
Teucrium Commodity Trust [Member]
 
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