XML 195 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments and Hedging Activities (Trust) (Tables) (Teucrium Commodity Trust [Member])
 12 Months Ended
Dec. 31, 2013
Teucrium Commodity Trust [Member]
  
Schedule of Fair Value of Derivative Instruments

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2013

 

    (i)     (ii)     (iii) = (i) - (ii)     (iv)     (v) = (iii) - (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the                    
    Gross Amount     Statement of     Statement of                    
    of Recognized     Assets and     Assets and     Financial     Cash Collateral        
Description    Assets     Liabilities     Liabilities     Instruments     Received     Net Amount  
Commodity price                                                
   Natural gas futures contracts   $ 84,050     $ -     $ 84,050     $ -     $ 74,157     $ 9,893  
   WTI crude oil futures contracts     87,530       -       87,530       5,080       23,445       59,005  

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2013

 

    (i)     (ii)     (iii) = (i) - (ii)     (iv)     (v) = (iii) - (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the                    
    Gross Amount     Statement of     Statement of                    
    of Recognized     Assets and     Assets and     Financial     Cash Collateral        
Description    Liabilities     Liabilities     Liabilities     Instruments     Pledged     Net Amount  
Commodity price                                                
   Corn futures contracts   $ 4,884,788     $  -     $  4,884,788     $  -     $  4,884,788     $ -  
   WTI crude oil futures contracts     5,080       -       5,080       5,080       -            -  
   Soybean futures contracts     188,863       -       188,863       -       188,863       -  
   Sugar futures contracts     183,400       -       183,400       -       183,400       -  
   Wheat futures contracts     698,675       -       698,675       -       698,675       -  

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2012

 

    (i)     (ii)     (iii) = (i) - (ii)     (iv)     (v) = (iii) - (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the                    
    Gross Amount     Statement of     Statement of                    
    of Recognized     Assets and     Assets and     Financial     Cash Collateral        
Description    Assets     Liabilities     Liabilities     Instruments     Received     Net Amount  
Commodity price                                                
   Natural gas futures contracts   $ 9,550     $ -     $ 9,550     $ 9,550     $      -     $      -  
   WTI crude oil futures contracts     44,872       -       44,872       44,872       -       -  
   Soybean futures contracts     63,200       -       63,200       63,200       -       -  
   Wheat futures contracts     15,762       -       15,762       15,762       -       -  

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2012

 

    (i)     (ii)     (iii) = (i) - (ii)     (iv)     (v) = (iii) - (iv)  
                                     
                      Gross Amount Not Offset in the        
                      Statement of Assets and Liabilities        
          Gross Amount     Net Amount                    
          Offset in the     Presented in the                    
    Gross Amount     Statement of     Statement of                    
    of Recognized     Assets and     Assets and     Financial     Cash Collateral        
Description    Liabilities     Liabilities     Liabilities     Instruments     Pledged     Net Amount  
Commodity price                                                
   Corn futures contracts   $  2,213,775     $  -     $  2,213,775     $  -      $  2,213,775     $  -  
   Natural gas futures contracts     233,919       -       233,919       9,550            224,369            -  
   WTI crude oil futures contracts     58,090       -       58,090       44,872       13,218       -  
   Soybean futures contracts     284,575       -       284,575       63,200       221,375       -  
   Sugar futures contracts     78,378       -       78,378       -       78,378       -  
   Wheat futures contracts     206,850       -       206,850       15,762       191,088       -  

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

 

Year ended December 31, 2013

 

    Realized  Loss on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ (10,581,838 )    $ (2,671,013 ) 
Natural gas futures contracts     (250,149 )     308,419  
WTI crude oil futures contracts     (10,798 )      95,668  
Soybean futures contracts     (43,450 )      32,512  
Sugar futures contracts     (400,994 )     (105,022 ) 
Wheat futures contracts     (1,554,250 )      (507,587 ) 
Total commodity futures contracts   $ (12,841,479 )    $ (2,847,023 ) 

 

Year ended December 31, 2012

 

    Realized Gain (Loss) on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ 11,440,433     $ (1,430,660 ) 
Natural gas futures contracts     (828,012 )     378,071  
WTI crude oil futures contracts     (8,348 )      (129,192 ) 
Soybean futures contracts     26,281       (66,706 )
Sugar futures contracts     (727,394 )     59,820  
Wheat futures contracts     23,740       (120,790 ) 
Total commodity futures contracts   $ 9,926,700     $ (1,309,457 ) 

 

Year ended December 31, 2011

 

    Realized Gain (Loss) on   Net Change in Unrealized (Loss) 
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ 7,937,425     $ (5,961,334 ) 
Natural gas futures contracts     (541,020 )     (602,440 ) 
WTI crude oil futures contracts     (162,359 )      115,974  
Soybean futures contracts     (140,281 )      (154,669 ) 
Sugar futures contracts     (35,874 )     (138,198 ) 
Wheat futures contracts     (174,860 )      (70,298 ) 
Total commodity futures contracts   $ 6,883,031     $ (6,810,965 )