Fair Value Measurements (Crud) (Teucrium WTI Crude Oil Fund [Member])

3 Months Ended

Mar. 31, 2014

Teucrium WTI Crude Oil 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 March 31, 2014 and December 31, 2013:

March 31, 2014

							Balance as of
Assets:	Level 1		Level 2		Level 3		March 31, 2014
Cash equivalents	$	2,015,138	$	-	$	-	$	2,015,138
Commodity futures contracts		137,100		-		-		137,100
Total	$	2,152,238	$	-	$	-	$	2,152,238

December 31, 2013

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2013
Cash equivalents	$	1,962,616	$	-	$	-	$	1,962,616
Commodity futures contracts		87,530		-		-		87,530
Total	$	2,050,146	$	-	$	-	$	2,050,146

							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2013
Commodity futures contracts	$	5,080	$	-	$	-	$	5,080

For the three months ended March 31, 2014 and 2013, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.