Fair Value Measurements (Corn) (Teucrium Corn Fund [Member])

6 Months Ended

Jun. 30, 2014

Teucrium Corn 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 June 30, 2014 and December 31, 2013:

June 30, 2014

							Balance as of
Assets:	Level 1		Level 2		Level 3		June 30, 2014
Cash equivalents	$	74,777,820	$	-	$	-	$	74,777,820
							Balance as of
Liabilities:	Level 1		Level 2		Level 3		June 30, 2014
Commodity futures contracts	$	9,730,475	$	-	$	-	$	9,730,475
December 31, 2013
							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2013
Cash equivalents	$	42,405,220	$	-	$	-	$	42,405,220
							Balance as of
Liabilities:	Level 1		Level 2		Level 3		December 31, 2013
Commodity futures contracts	$	4,884,788	$	-	$	-	$	4,884,788

For the six months ended June 30, 2014, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.

Transfers into and out of each level of the fair value hierarchy for the JUL13 Corn 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

Corn future contracts

$

1,010,962

$

1,010,962

$

1,010,962

$

1,010,962

$

-

$

-