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Fair Value Measurements (Teucrium Wheat Fund [Member])
12 Months Ended
Dec. 31, 2012
Teucrium Wheat Fund [Member]
 
Fair Value Measurements

Note 3 - Fair Value Measurements

 

The Fund's assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Fund's significant accounting policies in Note 2. The following table presents information about the Fund's assets and liabilities measured at fair value as of December 31, 2012 and December 31, 2011:

 

December 31, 2012                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2012  
Cash equivalents   $ 3,356,906     $ -     $ -     $ 3,356,906  
Commodity futures contracts     15,762       -       -       15,762  
Total   $ 3,372,668     $ -     $ -     $ 3,372,668  

 

                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   December 31, 2012  
Commodity futures contracts   $ 206,850     $ -     $ -     $ 206,850  
                                 

 

December 31, 2011                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2011  
Cash equivalents   $ 2,022,024     $ -     $ -     $ 2,022,024  
Commodity futures contracts     71,170       -       -       71,170  
Total   $ 2,093,194     $ -     $ -     $ 2,093,194  

 

 

                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   December 31, 2011  
Commodity futures contracts   $ 141,468     $ -     $ -     $ 141,468  
                                 

 

During the period from January 1, 2012 through December 31, 2012 and 2011, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.