XML 169 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments and Hedging Activities (Trust) (Tables) (Teucrium Commodity Trust [Member])
 6 Months Ended
Jun. 30, 2014
Teucrium Commodity Trust [Member]
  
Schedule of Fair Value of Derivative Instruments

 

Offsetting of Financial Assets and Derivative Assets as of June 30, 2014

    (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   $ 75,120     $ -     $ 75,120     $ 8,400     $      -     $      66,720  
   WTI crude oil futures contracts     196,210       -       196,210       -            142,990       53,220  
   Soybean futures contracts     4,762       -       4,762       4,762       -       -  
   Sugar futures contracts     17,405       -       17,405       12,141       -       5,264  

 

 

Offsetting of Financial Liabilities and Derivative Liabilities as of June 30, 2014

    (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   $  9,730,475     $  -     $  9,730,475     $  -      $  9,730,475     $  -  
   Natural gas futures contracts     8,400       -       8,400       8,400       -       -  
   Soybean futures contracts     178,962       -       178,962       4,762       174,200       -  
   Sugar futures contracts     12,141       -       12,141       12,141       -       -  
   Wheat futures contracts     1,818,912       -       1,818,912       -       1,818,912       -  

 

 

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       -  

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

 

Three months ended June 30, 2014

    Realized  Gain on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ 2,609,112     $ (15,931,100 ) 
Natural gas futures contracts     68,960       (38,490 ) 
WTI crude oil futures contracts     93,280       59,110  
Soybean futures contracts     216,475       (310,688 )
Sugar futures contracts     6,664       (35,582 ) 
Wheat futures contracts     355,538       (2,606,925 ) 
Total commodity futures contracts   $ 3,350,029     $ (18,863,675 ) 

 

 

Three months ended June 30, 2013

    Realized (Loss) Gain on   Net Change in Unrealized Gain
Primary Underlying Risk   Derivative Instruments   (Loss) on Derivative Instruments
Commodity price                
Corn futures contracts   $ (1,820,791 )    $ 1,075  
Natural gas futures contracts     11,680       (428,040 ) 
WTI crude oil futures contracts     (77,810 )      15,180  
Soybean futures contracts     42,650       13,513  
Sugar futures contracts     (199,292 )     25,088  
Wheat futures contracts     (370,837 )      (78,012 ) 
Total commodity futures contracts   $ (2,414,400 )    $ (451,196 ) 

 

Six months ended June 30, 2014

    Realized  Gain on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ 3,892,458     $ (4,845,687 ) 
Natural gas futures contracts     283,150       (17,330 ) 
WTI crude oil futures contracts     93,280       113,760  
Soybean futures contracts     242,575       14,663  
Sugar futures contracts     3,383       188,664  
Wheat futures contracts     585,988       (1,120,237 ) 
Total commodity futures contracts   $ 5,100,834     $ (5,666,167 ) 

 

Six months ended June 30, 2013

    Realized  Loss on   Net Change in Unrealized (Loss)
Primary Underlying Risk   Derivative Instruments   Gain on Derivative Instruments
Commodity price                
Corn futures contracts   $ (3,680,613 )    $ (609,950 ) 
Natural gas futures contracts     (99,059 )     64,509  
WTI crude oil futures contracts     (87,130 )      67,790  
Soybean futures contracts     (174,925 )      153,563  
Sugar futures contracts     (285.118 )     (98,033 ) 
Wheat futures contracts     (756,375 )      (516,987 ) 
Total commodity futures contracts   $ (5,083,220 )    $ (939,108 )