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Fair Value Measurements (Soyb) (Tables)
3 Months Ended
Mar. 31, 2016
Teucrium Soybean Fund [Member]  
Schedule of Assets and Liabilities Measured at Fair Value

March 31, 2016


 

 

 

 

 

Balance as of

Assets:

Level 1

 

Level 2

 

Level 3

 

March 31, 2016

Cash equivalents

$

532,089

 

 

$

 

 

$

 

 

$

532,089

 

Soybean futures contracts

 

148,363

 

 

 

 

 

 

 

 

 

148,363

 

 Total 

 

$

680,452

 

 

$

 

 

 

$

 

 

 

$

680,452

 




 

 

 

 

 

Balance as of

Liabilities:

Level 1

 

Level 2

 

Level 3

 

March 31, 2016

Soybean futures contracts

$

26,225

 

 

$

 

 

$

 

 

$

26,225

 


December 31, 2015 

 

 

 

 

 

Balance as of

Assets:

Level 1

 

Level 2

 

Level 3

 

December 31, 2015

Cash equivalents

$

161,718

 

 

$

 

 

$

 

 

$

161,718

 

Soybean futures contracts

 

16,175

 

 

 

 

 

 

 

 

 

16,175

 

 Total 

 

$

177,893

 

 

$

 

 

 

$

 

 

 

$

177,893

 

 

 

 

 

 

 

Balance as of

Liabilities:

Level 1

 

Level 2

 

Level 3

 

December 31, 2015

Soybean futures contracts

$

238,662

 

 

$

 

 

$

 

 

$

238,662