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Fair Value Measurements (Weat) (Tables) (Teucrium Wheat Fund [Member])
6 Months Ended
Jun. 30, 2014
Teucrium Wheat 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   $ 14,294,235     $ -     $ -     $ 14,294,235  
                         
                      Balance as of  
Liabilities:   Level 1     Level 2     Level 3     June 30, 2014  
Commodity futures contracts   $ 1,177,874     $ 641,038     $ -     $ 1,818,912  
                         

December 31, 2013

                       
                      Balance as of  
Assets:   Level 1     Level 2     Level 3     December 31, 2013  
Cash equivalents   $ 6,451,639     $ -     $ -     $ 6,451,639  
                         
                      Balance as of  
Liabilities:   Level 1     Level 2     Level 3     December 31, 2013  
Commodity futures contracts   $ 698,675     $ -     $ -     $ 698,675  

 

Schedule of Transfers by Fair Value Hierarchy

Transfers into and out of each level of the fair value hierarchy for the DEC15 Wheat 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  
Liabilities (at fair value)                                                
Derivative contracts                                                
Wheat future contracts   $ -     $ 641,038     $ 641,038     $ -     $ -     $ -  

 

Transfers into and out of each level of the fair value hierarchy for the DEC14 Wheat 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                                                
Wheat future contracts   $ -     $ 194,225     $ 194,225     $ -     $ -     $ -