Fair Value Measurements (Cane) (Teucrium Sugar Fund [Member])

12 Months Ended

Dec. 31, 2013

Teucrium Sugar 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, 2013 and December 31, 2012:

December 31, 2013

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2013
Cash equivalents	$	2,366,377	$	-	$	-	$	2,366,377

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2013
Commodity futures contracts	$	183,400	$	-	$	-	$	183,400

December 31, 2012

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2012
Cash equivalents	$	2,088,533	$	-	$	-	$	2,088,533

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2012
Commodity futures contracts	$	78,378	$	-	$	-	$	78,378

Transfers into and out of each level of the fair value hierarchy for the FEB15 ICE Sugar Contracts, for the period from January 1, 2013 through December 31, 2013 were as follows:

Transfers

Transfers

Transfers

Transfers

Transfers

Transfers

into

out of

into

out of

into

out of

Level 1

Level 1

Level 2

Level 2

Level 3

Level 3

Liabilities (at fair value)

Derivative contracts

Sugar future contracts

$

62,082

$

62,082

$

62,082

$

62,082

$

-

$

-

For the year ended December 31, 2012, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.