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Derivative Instruments and Hedging Activities (Tables) (Teucrium WTI Crude Oil Fund [Member])
6 Months Ended
Jun. 30, 2012
Teucrium WTI Crude Oil 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                  
WTI crude oil futures contracts   $ -     $ (170,533 )   $ (170,533 )

 

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

 

Primary Underlying Risk   Asset Derivatives     Liability Derivatives     Net Derivatives  
Commodity price                  
WTI crude oil futures contracts   $ 116,142     $ (168 )   $ 115,974  

 

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

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

 

    Realized Gain on   Net Change in Unrealized Loss
Primary Underlying Risk   Derivative Instruments   on Derivative Instruments
Commodity price            
WTI crude oil futures contracts   $ 37,737   $ (511,027)

 

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

 

    Realized Gain on   Net Change in Unrealized Loss
Primary Underlying Risk   Derivative Instruments   on Derivative Instruments
Commodity price            
WTI crude oil futures contracts   $ 43,347   $ (286,507)

 

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

 

    Realized Gain on   Net Change in Unrealized Loss
Primary Underlying Risk   Derivative Instruments   on Derivative Instruments
Commodity price            
WTI crude oil futures contracts   $ 178,369   $ (547,199)

 

For the period from commencement of operations (February 23, 2011) to June 30, 2011

 

    Realized Gain on   Net Change in Unrealized Loss
Primary Underlying Risk   Derivative Instruments   on Derivative Instruments
Commodity price            
WTI crude oil futures contracts   $ 183,869   $ (165,339)

 

 

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                
WTI crude oil futures contracts   $ 1,932,740       22  

 

 

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                
WTI crude oil futures contracts   $ 4,481,380       46