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Derivative Instruments and Hedging Activities (Tables) (Teucrium Natural Gas Fund [Member])
6 Months Ended
Jun. 30, 2012
Teucrium Natural Gas Fund [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                        
NYMEX natural gas futures contracts   $ -     $ (272,363 )   $ (272,363 )

 

At December 31, 2011, the fair value of derivative instruments was as follows:

 

Primary Underlying Risk   Asset Derivatives     Liability Derivatives     Net Derivatives  
Commodity price                        
NYMEX natural gas futures contracts   $ -     $ (602,440 )   $ (602,440 )

 

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

For the period April 1, 2012 to June 30, 2012

 

    Realized Loss on     Net Change in Unrealized Gain  
Primary Underlying Risk   Derivative Instruments     on Derivative Instruments  
Commodity price                
NYMEX natural gas futures contracts   $ (63,608 )   $ 197,507  

 

For the period from January 1, 2012 to June 30, 2012

 

    Realized Loss on     Net Change in Unrealized Gain  
Primary Underlying Risk   Derivative Instruments     on Derivative Instruments  
Commodity price                
NYMEX natural gas futures contracts   $ (567,888 )   $ 330,077  

 

 

For the period April 1, 2011 to June 30, 2011

 

    Realized Loss on     Net Change in Unrealized Loss  
Primary Underlying Risk   Derivative Instruments     on Derivative Instruments  
Commodity price                
NYMEX natural gas futures contracts   $ (3,752 )   $ (100,528 )

 

For the period from commencement of operations (February 1, 2011) to June 30, 2011

 

    Realized Loss on     Net Change in Unrealized Loss  
Primary Underlying Risk   Derivative Instruments     on Derivative Instruments  
Commodity price                
NYMEX natural gas futures contracts   $ (327,940 )   $ (57,008 )
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                
NYMEX natural gas futures contracts   $ 3,556,000       111  

 

 

At December 31, 2011, 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                
NYMEX natural gas futures contracts   $ 1,383,770       43