XML 39 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Derivative Instruments and Hedging Activities (Trust) (Tables) - Teucrium Commodity Trust [Member]
 3 Months Ended
Mar. 31, 2016
Schedule of Fair Value of Derivative Instruments

Offsetting of Financial Assets and Derivative Assets as of March 31, 2016

    (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     Futures Contracts      Collateral, Due          
Description    Assets     Liabilities     Liabilities     Available for Offset     to Broker     Net Amount  
Commodity price                                                
   Soybean futures contracts   $ 148,363     $ -     $ 148,363     $ 26,225
  $ -     $ 122,138  
   Sugar futures contracts     361,581       -       361,581       -       62,786       298,795  

 

Offsetting of Financial Liabilities and Derivative Liabilities as of March 31, 2016

    (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     Futures Contracts      Collateral, Due        
Description    Liabilities     Liabilities     Liabilities     Available for Offset     from Broker     Net Amount  
Commodity price                                                
   Corn futures contracts   $ 4,060,650     $ -     $ 4,060,650     $ -     $ 4,060,650     $ -  
   Soybean futures contracts     26,225       -       26,225       26,225       -       -  
Wheat futures contracts     1,527,475       -       1,527,475       -       1,527,475       -  

 

Offsetting of Financial Assets and Derivative Assets as of December 31, 2015

    (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     Futures Contracts      Collateral, Due        
Description    Assets     Liabilities     Liabilities     Available for Offset     to Broker     Net Amount  
Commodity price                                                
   Soybean futures contracts   $ 16,175     $ -     $ 16,175     $ 16,175     $ -     $ -  
   Sugar futures contracts     364,056       -       364,056       -       -       364,056  

 

Offsetting of Financial Liabilities and Derivative Liabilities as of December 31, 2015

    (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     Futures Contracts      Collateral, Due        
Description    Liabilities     Liabilities     Liabilities     Available for Offset     from Broker     Net Amount  
Commodity price                                                
   Corn futures contracts   $ 3,908,550     $ -     $ 3,908,550     $ -     $ 3,908,550     $ -  
   Soybean futures contracts     238,662       -       238,662       16,175       222,487       -  
   Wheat futures contracts     1,924,464       -       1,924,464       -       1,924,464       -  
Summary of Realized and Unrealized Gains (Losses) of the Derivative Instruments

Three months ended March 31, 2016

    Realized (Loss) Gain on     Net Change in Unrealized Appreciation or  
Primary Underlying Risk   Commodity Futures Contracts
     Depreciation on Commodity Futures Contracts
  
Commodity price                
Corn futures contracts   $ (2,091,875 )    $ (152,100 )
Soybean futures contracts     100,325       344,625  
Sugar futures contracts     (1,758 )      (2,475 ) 
Wheat futures contracts     (569,113 )      396,989  
Total commodity futures contracts   $ (2,562,421 )    $ 587,039

 

Three months ended March 31, 2015

    Realized Gain (Loss) on     Net Change in Unrealized Appreciation or  
Primary Underlying Risk   Commodity Futures Contracts     Depreciation on Commodity Futures Contracts  
Commodity price                
Corn futures contracts   $ 401,862   $ (6,052,825 )
Soybean futures contracts     (583,375 )      56,938
Sugar futures contracts     (333,547 )     (218,411 )
Wheat futures contracts     (707,238 )     (2,189,151 )
Total commodity futures contracts   $ (1,222,298 )   $ (8,403,449 )