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Fair Value Measurements (Weat) (Tables) (Teucrium Wheat Fund [Member])
9 Months Ended
Sep. 30, 2014
Teucrium Wheat 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 $ 25,638,957   $ -   $ -   $ 25,638,957
                       
                       
                      Balance as of
Liabilities:   Level 1     Level 2     Level 3    

September 30, 2014

Wheat futures contracts $ 2,001,938   $ 2,437,725   $ -   $ 04,439,663
                       
                       

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

Wheat futures contracts $ 698,675   $ -   $ -   $ 698,675

 

Schedule of Transfers by Fair Value Hierarchy

 

    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     $ 2,437,725     $ 2,437,725     $ 641,038     $ -     $ -  

 

Transfers into and out of each level of the fair value hierarchy for the DEC14 Wheat 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                                                
Wheat future contracts   $ 194,225     $ 448,125     $ 448,125     $ 194,225     $ -     $ -