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Fair Value Measurements (Soyb) (Tables) (Teucrium Soybean Fund [Member])
9 Months Ended
Sep. 30, 2014
Teucrium Soybean Fund [Member]
 
Schedule of Assets and Liabilities Measured at Fair Value

 

September 30, 2014

                Balance as of  
Assets:   Level 1   Level 2   Level 3  

September 30, 2014

 
Cash equivalents   $ 4,054,430   $ -   $ -   $ 4,054,430  

 

                               
                        Balance as of    
Liabilities:   Level 1     Level 2   Level 3   September 30, 2014
Soybean futures contracts   $ 727,350     $ -   $ -   $ 727,350  

 

December 31, 2013

                      Balance as of  
Assets:       Level 1     Level 2     Level 3    

December 31, 2013

 
Cash equivalents   $ 3,765,791     $ -     $ -     $ 3,765,791  

 

 

                      Balance as of  
Liabilities:       Level 1     Level 2     Level 3    

December 31, 2013

 
Soybean futures contracts   $ 188,863     $ -     $ -     $ 188,863  

 

Schedule of Transfers by Fair Value Hierarchy

Transfers into and out of each level of the fair value hierarchy for the NOV15 Soybean Contracts for the nine months ended September 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                                                
Soybean future contracts   $ 12,075     $ 12,075     $ 12,075     $ 12,075     $ -     $ -  

 

Transfers into and out of each level of the fair value hierarchy for the NOV14 Soybean Contracts for the nine months ended September 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                                                
Soybean future contracts   $ 6,850     $ 6,850     $ 6,850     $ 6,850     $ -     $ -