XML 107 R135.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Cane) (Tables) (Teucrium Sugar Fund [Member])
6 Months Ended
Jun. 30, 2014
Teucrium Sugar Fund [Member]
 
Schedule of Assets and Liabilities Measured at Fair Value

 

June 30, 2014

                      Balance as of  
Assets:   Level 1     Level 2     Level 3     June 30, 2014  
Cash equivalents   $ 2,896,330     $ -     $ -     $ 2,896,330  
Commodity futures contracts     -       17,405       -       17,405  
Total   $ 2,896,330     $ 17,405     $ -     $ 2,913,735  

 

                      Balance as of  
Liabilities:   Level 1     Level 2     Level 3     June 30, 2014  
Commodity futures contracts   $ 12,141     $ -     $ -     $ 12,141  

 

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  

 

Schedule of Transfers by Fair Value Hierarchy

Transfers into and out of each level of the fair value hierarchy for the MAR16 Sugar Contracts for the six months ended June 30, 2014 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  
Assets (at fair value)                                                
Derivative contracts                                                
Sugar future contracts   $ -     $ 17,405     $ 17,405     $ -     $ -     $ -  

 

Transfers into and out of each level of the fair value hierarchy for the FEB15 Sugar Contracts, for the six months ended June 30, 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     $ -     $ -     $ -