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The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of management, necessary for the fair presentation of the Trust's financial statements for the interim period. It is suggested that these interim financial statements be read in conjunction with the financial statements and related notes included in the Trust's Annual Report on Form 10-K, as applicable. 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A portion of these aggregate common expenses are related to the Sponsor or related parties of principals of the Sponsor; these are necessary services to the Trust and the Funds, which are primarily the cost of performing accounting and financial reporting, regulatory compliance, and trading activities that are directly attributable to the Trust and the Funds. For the three months&#160;ended March&#160;31, 2016 and 2015; such expenses, which are primarily included as distribution and marketing fees, totaled $<font>616,069</font> in 2016 and $<font>505,669</font> in 2015; of these amounts, $<font>15,577</font> in 2016 and $<font>34,145</font> in 2015 were waived by the Sponsor. 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In accordance with U.S. GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Trust. Unobservable inputs reflect the Trust's assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. 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In periods of market dislocation, the observability of prices and inputs may be reduced for many <font style="color: black;">financial instruments</font>. This condition could cause a <font style="color: black;">financial instrument</font>&#160;to be reclassified to a lower level within the fair value hierarchy. For instance, when Corn Futures Contracts on the Chicago Board of Trade (&#147;CBOT&#148;) are not actively trading due to a &#147;limit-up&#148; or &#145;limit-down&#148; condition, meaning that the change in the Corn Futures Contracts has exceeded the limits established, the Trust and the Fund will revert to alternative verifiable sources of valuation of its assets. When such a situation exists on a quarter close, the Sponsor will calculate the NAV on a particular day using the Level 1 valuation, but will later recalculate the NAV for the impacted Fund based upon the valuation inputs from these alternative verifiable sources (Level 2 or Level 3) and will report such NAV in its applicable financial statements and reports.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On March&#160;31, 2016 and December 31, 2015, in the opinion of the Trust, the reported value at the close of the market for each commodity contract fairly reflected the value of the futures and no alternative valuations were required. The determination is made as of the settlement of the futures contracts on the last day of trading for the reporting period. In making the determination of a Level 1 or Level 2 transfer, the Funds consider the average volume of the specific underlying futures contracts traded on the relevant exchange for the periods&#160;being reported.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">For the three months ended March 31, 2016 and year ended December 31, 2015, the Funds did not have any significant transfers between any of the levels of the fair value hierarchy.</font><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">&#160;</p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The Funds and the Trust record their derivative activities at fair value. Gains and losses from derivative contracts are included in the statements of operations. Derivative contracts include futures contracts related to commodity prices. Futures, which are listed on a national securities exchange, such as the CBOT and the ICE, or reported on another national market, are generally categorized in Level 1 of the fair value hierarchy. OTC derivatives contracts (such as forward and swap contracts), which may be valued using models, depending on whether significant inputs are observable or unobservable, are categorized in Levels 2 or 3 of the fair value hierarchy.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;"></font><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Investments in the securities of the Underlying Funds are freely traded and listed on the NYSE Arca. These investments are valued at the NAV of the Underlying Fund as of the valuation date as calculated by the administrator based on the exchange-quoted prices of the commodity futures contracts held by the Underlying Fund</font> <br/></p> </div> 19900000 4700000 2600000 9400000 7600000 57800000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><strong><em>New Accounting Pronouncements</em></strong></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; color: black;">The Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#147;ASU&#148;) 2016-01, &#147;Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.&#148; The amendments in this update are intended to improve the recognitions measurement and disclosure of financial instruments. The amendments to this update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. These amendments are required to be applied prospectively. The Trust and the Funds are currently evaluating the impact on the financial statements and disclosures.</font><font style="color: black;"></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-10, &#147;Technical Corrections and Improvements.&#148; The amendments in this update represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments are effective for fiscal years beginning after December 15, 2015. The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Funds.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-07, &#147;Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).&#148; The ASU amends ASC 820 to create a practical expedient to measure the fair value of investments in certain entities that do not have a quoted market price but calculate net asset value per share or its equivalent. In addition, the amendments to ASC 820 provide guidance on classifying investments that are measured using the practical expedient in the fair value hierarchy and require specific disclosures for eligible investments, regardless of whether the practical expedient has been applied. The amendments in this Update are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. These amendments are required to be applied retrospectively to all periods presented. The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Funds.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-06, &#147;Earnings per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions.&#148; The amendments specify how earnings (losses) of a transferred business before the date of a dropdown transaction should be allocated to the various interest holders in a master limited partnership for purposes of calculating earning per unit under the two-class method. The amendments to this update are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The amendments are required to be applied retrospectively for all periods presented. 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The fair value hierarchy is categorized into three levels based on the inputs as follows:</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><i><font style="font-size: 10.0pt;">Level 1</font></i><font style="font-size: 10.0pt;"> - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Trust has the ability to access. 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To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the&#160;financial instruments&#160;existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for&#160;financial instruments&#160;categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy, within which the fair value measurement in its entirety falls, is determined based on the lowest level input that is significant to the fair value measurement.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Trust's own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Trust uses prices and inputs that are current as of the measurement date, including periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many <font style="color: black;">financial instruments</font>. This condition could cause a <font style="color: black;">financial instrument</font>&#160;to be reclassified to a lower level within the fair value hierarchy. For instance, when Corn Futures Contracts on the Chicago Board of Trade (&#147;CBOT&#148;) are not actively trading due to a &#147;limit-up&#148; or &#145;limit-down&#148; condition, meaning that the change in the Corn Futures Contracts has exceeded the limits established, the Trust and the Fund will revert to alternative verifiable sources of valuation of its assets. When such a situation exists on a quarter close, the Sponsor will calculate the NAV on a particular day using the Level 1 valuation, but will later recalculate the NAV for the impacted Fund based upon the valuation inputs from these alternative verifiable sources (Level 2 or Level 3) and will report such NAV in its applicable financial statements and reports.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On March&#160;31, 2016 and December 31, 2015, in the opinion of the Trust, the reported value at the close of the market for each commodity contract fairly reflected the value of the futures and no alternative valuations were required. The determination is made as of the settlement of the futures contracts on the last day of trading for the reporting period. In making the determination of a Level 1 or Level 2 transfer, the Funds consider the average volume of the specific underlying futures contracts traded on the relevant exchange for the periods&#160;being reported.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">For the three months ended March 31, 2016 and year ended December 31, 2015, the Funds did not have any significant transfers between any of the levels of the fair value hierarchy.</font><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">&#160;</p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The Funds and the Trust record their derivative activities at fair value. Gains and losses from derivative contracts are included in the statements of operations. Derivative contracts include futures contracts related to commodity prices. Futures, which are listed on a national securities exchange, such as the CBOT and the ICE, or reported on another national market, are generally categorized in Level 1 of the fair value hierarchy. OTC derivatives contracts (such as forward and swap contracts), which may be valued using models, depending on whether significant inputs are observable or unobservable, are categorized in Levels 2 or 3 of the fair value hierarchy.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;"></font><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Investments in the securities of the Underlying Funds are freely traded and listed on the NYSE Arca. 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In addition, the amendments to ASC 820 provide guidance on classifying investments that are measured using the practical expedient in the fair value hierarchy and require specific disclosures for eligible investments, regardless of whether the practical expedient has been applied. The amendments in this Update are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. These amendments are required to be applied retrospectively to all periods presented. 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; 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padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Corn futures contracts</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>4,060,650</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font><font>4,060,65</font>0</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Soybean futures contracts</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>26,225</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font><font>26,225</font></font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Wheat futures contracts</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>1,527,475</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>1,527,475</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Total</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>5,614,350</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>5,614,350</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="font-size: 10pt; text-align: left;">&#160;</td> <td align="left" style="text-align: left; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="font-size: 10pt; text-align: left;"> <p style="border: 1px #000000; margin-bottom: 0px; margin-top: 0px;"><strong>December 31, 2015</strong></p> </td> <td align="left" style="font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: center; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="font-size: 10pt; text-align: left;">&#160;</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: center; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Balance as of</td> <td align="left" style="padding-right: 5px; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Cash equivalents</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; 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white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>2,539,641</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Commodity futures contracts</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Soybean&#160;futures contracts</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>16,175</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>16,175</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Sugar&#160;futures contracts</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>364,056</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Balance as of</td> <td align="left" style="font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Assets:</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td colspan="2" align="center" style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: center;">Level 1</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; 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width: 3%;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; width: 1%;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; width: 10%;"><font>5,552,887</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; width: 1%;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; white-space: nowrap; text-align: left; width: 3%;">&#160;</td> <td align="left" style="text-align: left; 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font-size: 10pt; width: 1%;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; width: 10%;"><font><font><font>5,552,887</font></font></font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left; width: 1%;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Commodity futures contracts</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; 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border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font><font>361,581</font></font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Total</td> <td align="left" style="border-left: none; 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white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: #000000 1pt solid; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: #000000 1pt solid; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: #000000 1pt solid; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: #000000 1pt solid; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; 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border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;">Level 2</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;">Level 3</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; 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padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Corn futures contracts</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>4,060,650</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font><font>4,060,65</font>0</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Soybean futures contracts</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>26,225</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; 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font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>1,527,475</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>1,527,475</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Total</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; 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border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>5,614,350</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="font-size: 10pt; text-align: left;">&#160;</td> <td align="left" style="text-align: left; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="font-size: 10pt; text-align: left;"> <p style="border: 1px #000000; 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padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="text-align: center; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="font-size: 10pt; text-align: left;">&#160;</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td colspan="2" align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; 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border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td colspan="2" nowrap="nowrap" align="left" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;"> <p style="border: 1px #000000; margin-bottom: 0; margin-top: 0;">December 31, 2015</p> </td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; 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white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>2,539,641</font></td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: left;">Commodity futures contracts</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; font-size: 10pt; text-align: left; padding-left: 10px; padding-top: 0px;">Soybean&#160;futures contracts</td> <td align="left" style="font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; 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padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td align="left" style="border-bottom: #000000 2.80pt double; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td align="left" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="right" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; font-size: 10pt;">$</td> <td align="right" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"><font>-</font></td> <td align="right" style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="right" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="right" style="text-align: left; 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padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="4%" nowrap="nowrap" valign="top" style="width: 4.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="14%" nowrap="nowrap" valign="bottom" style="width: 14.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>5,525,903</font> </font></p> </td> <td width="1%" nowrap="nowrap" valign="top" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>3,827</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 9; mso-yfti-lastrow: yes;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> </table> </div> </div></div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font>&#160;</font></p> <div><div style="display: block;"> <div style="display: block;"> <p style="margin: 0pt; orphans: 0; widows: 0; font-family: 'times new roman';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><strong>December 31, 2015</strong></font><br/></p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;">&#160;</td> <td valign="top" style="padding: 0in 0in 0in 0in;">&#160;</td> <td valign="bottom" style="padding: 0in 0in 0in 0in;" colspan="2"> <p align="center" style="text-align: center; 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margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td colspan="5" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Net Assets </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 1;"> <td width="60%" valign="bottom" style="width: 60.0%; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Corn Fund </font></p> </td> <td width="1%" valign="top" style="width: 1.0%; padding: 0in 0in 0in 0in;"></td> <td width="2%" valign="top" style="width: 2.0%; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="15%" nowrap="nowrap" valign="bottom" style="width: 15.0%; 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font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="14%" nowrap="nowrap" valign="bottom" style="width: 14.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>61,056,223</font> </font></p> </td> <td width="1%" nowrap="nowrap" valign="top" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 2;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; 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margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>550,004</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>5,508,663</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 4;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Wheat Fund </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>2,900,004</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>26,529,260</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 5;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Agricultural Fund: </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>50,002</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>1,329,390</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 7;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;&#160;&#160;Less: Investment in the Underlying Funds </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>(1,324,601</font> </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>4,789</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 9; mso-yfti-lastrow: yes;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>99,601,487</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>50,002</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>(1,333,178</font> </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>3,827</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 9; mso-yfti-lastrow: yes;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>97,331,473</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> </table> </div> </div><div style="display: block;"> <div style="display: block;"> <p style="margin: 0pt; orphans: 0; widows: 0; font-family: 'times new roman';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><strong>December 31, 2015</strong></font><br/></p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;">&#160;</td> <td valign="top" style="padding: 0in 0in 0in 0in;">&#160;</td> <td valign="bottom" style="padding: 0in 0in 0in 0in;" colspan="2"> <p align="center" style="text-align: center; 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margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td colspan="5" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Net Assets </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 1;"> <td width="60%" valign="bottom" style="width: 60.0%; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Corn Fund </font></p> </td> <td width="1%" valign="top" style="width: 1.0%; padding: 0in 0in 0in 0in;"></td> <td width="2%" valign="top" style="width: 2.0%; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="15%" nowrap="nowrap" valign="bottom" style="width: 15.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>2,875,004</font> </font></p> </td> <td width="2%" nowrap="nowrap" valign="top" style="width: 2.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="1%" nowrap="nowrap" valign="top" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="4%" nowrap="nowrap" valign="bottom" style="width: 4.0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="14%" nowrap="nowrap" valign="bottom" style="width: 14.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>61,056,223</font> </font></p> </td> <td width="1%" nowrap="nowrap" valign="top" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 2;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Soybean Fund </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"></td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>375,004</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>6,502,552</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 3;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Sugar Fund </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"></td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>550,004</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>5,508,663</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 4;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Wheat Fund </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>2,900,004</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>26,529,260</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 5;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Teucrium Agricultural Fund: </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 6;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;&#160;&#160;Net assets including the investment in the Underlying Funds </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>50,002</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>1,329,390</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 7;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;&#160;&#160;Less: Investment in the Underlying Funds </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>(1,324,601</font> </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> ) </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 8;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;&#160;&#160;Net for the Fund in the combined net assets of the Trust </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>4,789</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 9; mso-yfti-lastrow: yes;"> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Total </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td nowrap="nowrap" valign="bottom" style="padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>99,601,487</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> <td style="padding: 0in 0in 0in 0in;"></td> </tr> </table> </div> </div></div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: italic bold 10pt Times New Roman, Times, Serif; /* margin: 12pt 0; */text-align: justify; margin-bottom: 0pt; margin-top: 0pt;">Note 8 &#150; Subsequent Events</p> <p style="margin: 0pt; orphans: 0; widows: 0; font-family: 'times new roman';"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; page-break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', serif; margin-top: 0pt;"><font style="font-size: 10.0pt;">Management has evaluated the financial statements for the quarter-ended March 31, 2016 for subsequent events through the date of this filing and noted no material events requiring either recognition through the date of the filing or disclosure herein for the Trust and Funds other than those noted below:</font></p> <p style="margin: 12pt 0in 0.0001pt; 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It is suggested that these interim financial statements be read in conjunction with the financial statements and related notes included in the Trust's Annual Report on Form 10-K, as well as the most recent Form S-1 filing, as applicable. 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A portion of these aggregate common expenses are related to the Sponsor or related parties of principals of the Sponsor; these are necessary services to the Funds, which are primarily the cost of performing accounting and financial reporting, regulatory compliance, and trading activities that are directly attributable to the Fund. For the three months ended&#160;March&#160;31, 2016 and 2015; such expenses, which are primarily included as distribution and marketing fees, totaled $<font>311,610</font> in 2016 and $<font>374,328</font> in 2015 and were paid for by the Fund. 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This condition could cause a financial instrument&#160;to be reclassified to a lower level within the fair value hierarchy. For instance, when Corn Futures Contracts on the CBOT are not actively trading due to a &#147;limit-up&#148; or limit-down&#148; condition, meaning that the change in the Corn Futures Contracts has exceeded the limits established, the Trust and the Fund will revert to alternative verifiable sources of valuation of its assets. 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The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Fund.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-06, &#147;Earnings per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions.&#148; The amendments specify how earnings (losses) of a transferred business before the date of a dropdown transaction should be allocated to the various interest holders in a master limited partnership for purposes of calculating earning per unit under the two-class method. The amendments to this update are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The amendments are required to be applied retrospectively for all periods presented. 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text-align: right; width: 8%;"><font><font>3,908,550</font></font></td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td> <td align="right" valign="bottom" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right; width: 8%;"><font>-</font></td> <td style="font-size: 9pt; 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border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; width: 1%;">$</td> <td align="right" valign="bottom" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right; width: 8%;"><font>-</font></td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; 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border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>March 31, 2015</strong></td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; width: 61%;">Net asset value at beginning of period</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt; width: 1%;">$</td> <td align="right" valign="bottom" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: right; vertical-align: bottom; white-space: nowrap; width: 16%;"><font>21.24</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; width: 2%;">&#160;</td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; width: 1%;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt; width: 8%;">$</td> <td align="right" valign="bottom" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: right; vertical-align: bottom; white-space: nowrap; width: 8%;"><font>26.62</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; width: 3%;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Income from investment operations:</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Investment income</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>0.03</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Net realized and unrealized loss on commodity futures contracts</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(0.80</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(1.65</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Total expenses</td> <td style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; 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padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>24.75</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(7.02</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>Ratios to Average Net Assets (Annualized)</strong></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Total expenses</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; 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border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Total expense, net</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>5.32</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>3.44</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; 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border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(3.41</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)%</td> </tr> </table> </div> </div> </div></div> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify;">&#160;</p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; color: black;">Effective in the third quarter 2015, the financial highlights per share data are calculated consistent with the methodology used to calculate asset-based fees and expenses. In prior periods, the financial highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period. Any change in methodology was not material to the ratios presented.</font><font style="font-size: 10.0pt;"></font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><div style="display: block;"> <div style="display: block;"> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; font: 10pt times new roman, times, serif;"> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="font-size: 10pt;">&#160;</td> <td colspan="2" style="text-align: center; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>Three months ended</strong></td> <td style="font-size: 10pt;">&#160;</td> <td style="font-size: 10pt;">&#160;</td> <td colspan="2" style="text-align: center; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>Three months ended</strong></td> <td style="font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>Per Share Operation Performance</strong></td> <td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>March 31, 2016</strong></td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>March 31, 2015</strong></td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; width: 61%;">Net asset value at beginning of period</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt; width: 1%;">$</td> <td align="right" valign="bottom" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: right; vertical-align: bottom; white-space: nowrap; width: 16%;"><font>21.24</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; width: 2%;">&#160;</td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; width: 1%;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt; width: 8%;">$</td> <td align="right" valign="bottom" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: right; vertical-align: bottom; white-space: nowrap; width: 8%;"><font>26.62</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; width: 3%;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Income from investment operations:</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Investment income</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>0.03</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>-</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Net realized and unrealized loss on commodity futures contracts</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(0.80</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(1.65</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Total expenses</td> <td style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(0.28</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(0.22</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Net decrease in net asset value</td> <td style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(1.05</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(1.87</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="font-size: 10pt;">Net asset value at end of period</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>20.19</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>24.75</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(7.02</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>Ratios to Average Net Assets (Annualized)</strong></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Total expenses</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>5.32</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>3.44</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Total expense, net</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>5.32</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>3.44</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Net investment loss</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(4.79</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)%</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(3.41</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)%</td> </tr> </table> </div> </div> </div></div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style=" font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><strong><em>Note 7 &#150; Organizational and Offering Costs&#160;</em></strong></p> <p style=" font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">&#160;</p> <p style=" font: 10pt Times New Roman, Times, Serif; 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This condition could cause a financial instrument&#160;to be reclassified to a lower level within the fair value hierarchy. When such a situation exists on a quarter close, the Sponsor will calculate the NAV on a particular day using the Level 1 valuation, but will later recalculate the NAV for the impacted Fund based upon the valuation inputs from these alternative verifiable sources (Level 2 or Level 3) and will report such NAV in its applicable financial statements and reports.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On March 31, 2016 and December 31, 2015, in the opinion of the Trust and the Fund, the reported value of the Soybean Futures Contracts traded on the CBOT fairly reflected the value of the Soybean Futures Contracts held by the Fund, with no adjustments necessary. 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The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Fund.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-02, &#147;Consolidation (Topic 810): Amendments to the Consolidation Analysis.&#148; The amendments are intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures. The amendments to this update are effective for periods beginning after December 15, 2015. These amendments are required to be applied retrospectively for all periods presented. 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padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; 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padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"><font>532,089</font></font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 3;"> <td width="40" valign="bottom" style="width: 30.0pt; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; 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mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" nowrap="nowrap" valign="bottom" style="width: 2.25pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; 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mso-yfti-lastrow: yes;"> <td width="40" valign="bottom" style="width: 30.0pt; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;Total&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" valign="bottom" style="width: 2.25pt; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: 0.75pt; padding: 0px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; 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padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;</font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">$</font></p> </td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;<font>&#151;</font></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;</font></p> </td> <td width="3" nowrap="nowrap" valign="bottom" style="width: 2.25pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;</font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">$</font></p> </td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;<font>&#151;</font></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;</font></p> </td> <td width="3" nowrap="nowrap" valign="bottom" style="width: 2.25pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;</font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; 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padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">Soybean futures contracts</font><br/></p> </td> <td width="3%" valign="bottom" style="width: 3.0%; padding: 0in 0in 0in 0in;"></td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1%; padding: 0px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: left;"><font style="font-size: 10pt;">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font>26,225</font></font><br/></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 7.5pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font>&#151;</font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 7.5pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font>&#151;</font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; 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padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">Cash equivalents</font></p> </td> <td width="3%" valign="bottom" style="width: 3.0%; padding: 0in 0in 0in 0in;"></td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1%; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: left;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"><font>161,718</font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; 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padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">Soybean futures contracts</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" valign="bottom" style="width: 2.25pt; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; 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padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">Cash equivalents</font></p> </td> <td width="3%" valign="bottom" style="width: 3.0%; padding: 0in 0in 0in 0in;"></td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1%; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: left;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"><font>532,089</font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; 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padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">Soybean futures contracts</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" valign="bottom" style="width: 2.25pt; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; 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mso-fareast-font-family: 'Times New Roman'; color: black;"><font>&#151;</font></font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" nowrap="nowrap" valign="bottom" style="width: 2.25pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; 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padding: 0in 0in 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;<font>&#151;</font></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;</font></p> </td> <td width="3" nowrap="nowrap" valign="bottom" style="width: 2.25pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">&#160;</font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; 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padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">Soybean futures contracts</font><br/></p> </td> <td width="3%" valign="bottom" style="width: 3.0%; padding: 0in 0in 0in 0in;"></td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1%; padding: 0px; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: left;"><font style="font-size: 10pt;">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font>26,225</font></font><br/></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; 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margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">Level 3</font></p> </td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td nowrap="nowrap" colspan="3" valign="bottom" style="padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">December 31, 2015</font></p> </td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> <td valign="bottom" style="padding: 0in 0in 0in 0in;"></td> </tr> <tr style="mso-yfti-irow: 2;"> <td width="40%" valign="bottom" style="width: 40.0%; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">Cash equivalents</font></p> </td> <td width="3%" valign="bottom" style="width: 3.0%; padding: 0in 0in 0in 0in;"></td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1%; padding: 0px;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: left;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"><font>161,718</font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"><font>&#151;</font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">$</font></p> </td> <td width="10%" nowrap="nowrap" valign="bottom" style="width: 10.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"><font>&#151;</font></font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="3%" nowrap="nowrap" valign="bottom" style="width: 3.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="width: 1.0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; 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padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">Soybean futures contracts</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" valign="bottom" style="width: 2.25pt; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"></td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;"><font>16,175</font></font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 3.75pt 0in 3.75pt;border-bottom-width: 1pt !important;border-bottom-style: solid !important;border-bottom-color: rgb(0, 0, 0) !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" nowrap="nowrap" valign="bottom" style="width: 2.25pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; 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font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 7.5pt 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="10" nowrap="nowrap" valign="bottom" style="width: 7.5pt; padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;"><font>&#151;</font></font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="1" nowrap="nowrap" valign="bottom" style="width: .75pt; padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; color: black;">&#160;</font><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"></font></p> </td> <td width="3" nowrap="nowrap" valign="bottom" style="width: 2.25pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; 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padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font><font style="font-size: 10.0pt; line-height: 115%; font-family: 'Times New Roman', serif; mso-fareast-font-family: Times New Roman; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN; mso-bidi-language: AR-SA;">3.92</font></font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> <td align="left" valign="bottom" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; 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border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" colspan="2" valign="bottom"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Level 1</font></p> </td> <td style="padding: 0in; width: 20px;" valign="bottom"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td style="padding: 0in 0in 0in 0in;" valign="bottom"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; 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margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Level 3</font></p> </td> <td style="padding: 0in; width: 20px;" valign="bottom"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td style="padding: 0in 0in 0in 0in;" valign="bottom"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" valign="bottom" colspan="2"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> December 31, 2015</font></p> </td> <td style="padding: 0in; vertical-align: bottom; width: 20px;" valign="bottom"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> </tr> <tr style="mso-yfti-irow: 1;"> <td width="38%" valign="bottom" style="width: 38.0%; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Cash equivalents </font></p> </td> <td width="4%" valign="bottom" style="width: 4.0%; padding: 0in 0in 0in 0in;"></td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; 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font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="11%" nowrap="nowrap" valign="bottom" style="width: 11.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>-</font> </font></p> </td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="4%" nowrap="nowrap" valign="bottom" style="width: 4.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="13%" nowrap="nowrap" valign="bottom" style="width: 13.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; 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mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 0in 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>364,056</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; 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mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 0in 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;<font>-</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 0in 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>364,056</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 3; mso-yfti-lastrow: yes;"> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;Total </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $&#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 0in 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font>661,516</font></font><br/></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15pt; padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; 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mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 0in 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; 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padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> </tr> </table> </div> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><br/></p><div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">For the three months ended March 31, 2016 and year ended December 31, 2015, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><font style="font-weight: normal; font-style: normal;">See the </font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: italic; font-variant: normal; 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margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Level 3</font></p> </td> <td style="padding: 0in; width: 20px;" valign="bottom"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> <td style="padding: 0in 0in 0in 0in;" valign="bottom"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td style="padding: 0in 0in 0in 0in; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" valign="bottom" colspan="2"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> December 31, 2015</font></p> </td> <td style="padding: 0in; vertical-align: bottom; width: 20px;" valign="bottom"> <p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';">&#160;</font></p> </td> </tr> <tr style="mso-yfti-irow: 1;"> <td width="38%" valign="bottom" style="width: 38.0%; padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Cash equivalents </font></p> </td> <td width="4%" valign="bottom" style="width: 4.0%; padding: 0in 0in 0in 0in;"></td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; 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font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="11%" nowrap="nowrap" valign="bottom" style="width: 11.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>-</font> </font></p> </td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="4%" nowrap="nowrap" valign="bottom" style="width: 4.0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 7.5pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="13%" nowrap="nowrap" valign="bottom" style="width: 13.0%; padding: 0in 0in 0in 0in;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> <font>297,460</font> </font></p> </td> <td width="0%" nowrap="nowrap" valign="bottom" style="width: 0%; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 2;"> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> Sugar futures contracts </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; 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margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;<font>-</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 0in 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;<font>-</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 0in 0in 3.75pt; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> <font>364,056</font> </font></p> </td> <td nowrap="nowrap" valign="top" style="padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> </tr> <tr style="mso-yfti-irow: 3; mso-yfti-lastrow: yes;"> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;Total </font></p> </td> <td valign="top" style="padding: 0in 0in 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $&#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 0in 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font>661,516</font></font><br/></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15pt; padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $&#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 0in 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;<font>-</font> </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15pt; padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> $ </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 0in 0in 3.75pt; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160;<font>-</font> </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15pt; padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> <td width="20" nowrap="nowrap" valign="top" style="width: 15.0pt; padding: 0in 3.75pt 0in 0in; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"> <p style="margin: 0in 0in 0.0001pt; 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padding: 0in 3.75pt;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman';"> &#160; </font></p> </td> </tr> </table> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><strong><em>Note 1 &#150; Organization and Operation</em></strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">Teucrium Sugar Fund (referred to herein as &#147;CANE&#148; or the &#147;Fund&#148;) is a commodity pool that is a series of Teucrium Commodity Trust (&#147;Trust&#148;), a Delaware statutory trust formed on September 11, 2009. The Fund issues common units, called the &#147;Shares,&#148; representing fractional undivided beneficial interests in the Fund. The Fund continuously offers Creation Baskets consisting of <font>25,000</font> Shares at their Net Asset Value (&#147;NAV&#148;) to &#147;Authorized Purchasers&#148; through Foreside Fund Services, LLC, which is the distributor for the Fund (the &#147;Distributor&#148;). Authorized Purchasers sell such Shares, which are listed on the New York Stock Exchange (&#147;NYSE&#148;) Arca under the symbol &#147;CANE,&#148; to the public at per-Share offering prices that reflect, among other factors, the trading price of the Shares on the NYSE Arca, the NAV of the Fund at the time the Authorized Purchaser purchased the Creation Baskets and the NAV at the time of the offer of the Shares to the public, the supply of and demand for Shares at the time of sale, and the liquidity of the markets for sugar interests. 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The Fund's sponsor is Teucrium Trading, LLC (the &#147;Sponsor&#148;). The Sponsor is responsible for the management of the Fund. The Sponsor is a member of the National Futures Association (the &#147;NFA&#148;) and became a commodity pool operator registered with the Commodity Futures Trading Commission (the &#147;CFTC&#148;) effective November 10, 2009.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">On June 17, 2011, the Fund's registration of <font>10,000,000</font> shares on Form S-1 was declared effective by the U.S. Securities and Exchange Commission (&#147;SEC&#148;). 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On June 30, 2014, a subsequent registration for CANE was declared effective by the SEC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">The accompanying unaudited financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X promulgated by the SEC and, therefore, do not include all information and footnote disclosures required under accounting principles generally accepted in the United States of America (&#147;GAAP&#148;). The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of management, necessary for the fair presentation of the Fund's financial statements for the interim period. It is suggested that these interim financial statements be read in conjunction with the financial statements and related notes included in the Trust's Annual Report on Form 10-K, as well as the most recent Form S-1 filing, as applicable. 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Therefore, for the quarter ended March 31, 2015, the Custodian Fees reflected for that period do not include any increase, gross or net of expenses waived by the Sponsor, for the change in service providers discussed above.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">For custody services, the Funds will pay to U.S. Bank N.A. <font>0.0075</font>% of average gross assets up to $1 billion, and <font>.0050</font>% of average gross assets over $1 billion, annually, plus certain per-transaction charges. 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A combined minimum annual fee of up to $<font>64,500</font> for custody, transfer agency, accounting and administrative services is assessed per Fund.&#160;For the three months ended March 31, 2016 and 2015, the Fund recognized $<font>0</font>&#160;and $<font>2,000</font>, respectively, &#160;for these services, which was recorded in custodian fees and expenses on the statements of operations; of these expenses $<font>0</font> in 2016 and $<font>2,000</font> in 2015 were waived by the Sponsor.</font></font><font style="color: black;"></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; color: black;">The Sponsor employs Foreside Fund Services,<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">LLC</font></font></font><font>&#160;</font>(&#147;Foreside&#148; or the &#147;Distributor&#148;) as the Distributor for the Funds. The Distribution Services Agreement among the Distributor&#160;and the Sponsor calls for the Distributor to work with the Custodian in connection with the receipt and processing of orders for Creation Baskets and Redemption Baskets and the review and approval of all Fund sales literature and advertising materials. The Distributor and the Sponsor have also entered into a Securities Activities and Service Agreement (the &#147;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">SASA</font></font>&#148;) under which certain employees and officers of the Sponsor are licensed as registered representatives or registered principals of the Distributor, under Financial Industry Regulatory Authority (&#147;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">FINRA</font></font>&#148;) rules. 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vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;">Total expenses</td> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>3.69</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;">%</td> <td align="left" valign="bottom" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>4.28</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;">%</td> <td align="left" valign="bottom" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>1.82</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; 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In prior periods, the financial highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period. Any change in methodology was not material to the ratios presented.</p> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; font: 10pt times new roman, times, serif;"> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td colspan="2" align="left" valign="bottom" style="text-align: center; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;"> <p style="margin: 0in; border: 1px #000000;"><strong>Three months ended</strong></p> </td> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="font-size: 10pt; 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border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: center; vertical-align: bottom;"> <p style="margin: 0in; border: 1px #000000;"><strong>March 31, 2016</strong></p> </td> <td align="left" valign="bottom" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td colspan="2" align="left" valign="bottom" style="border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: center; vertical-align: bottom;"> <p style="margin: 0in; border: 1px #000000;"><strong>March 31, 2015</strong></p> </td> <td align="left" valign="bottom" style="border-left: none; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; 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border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;">Investment income</td> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>0.01</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="white-space: nowrap; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;">Net realized and unrealized gain (loss) on commodity futures contracts</td> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>0.56</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; 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border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;">$</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>9.56</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;"><strong>Total Return</strong></td> <td align="left" valign="bottom" style="font-size: 10pt; 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vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;">%</td> <td align="left" valign="bottom" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>4.28</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;">Total expenses, net</td> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; 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font-size: 10pt; vertical-align: bottom;"><font>1.82</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom;">Net investment loss</td> <td align="left" valign="bottom" style="font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;"><font>(1.87</font></td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; font-size: 10pt; vertical-align: bottom;">)%</td> <td align="left" valign="bottom" style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt; vertical-align: bottom;">&#160;</td> <td align="left" valign="bottom" style="text-align: right; border-left: none; border-right: none; 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In prior periods, the financial highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period. Any change in methodology was not material to the ratios presented.</p> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><strong><em>Cash Equivalents</em></strong></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">Cash equivalents are highly-liquid investments with maturity dates of 90 days or less when acquired. The Fund reported its cash equivalents in the statements of assets and liabilities at market value, or at carrying amounts that approximate fair value, because of their highly-liquid nature and short-term maturities. 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The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of management, necessary for the fair presentation of the Fund's financial statements for the interim period. It is suggested that these interim financial statements be read in conjunction with the financial statements and related notes included in the Trust's Annual Report on Form 10-K, as well as the most recent Form S-1 filing, as applicable. 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> </tr> <tr style="font-size: 10pt;"> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 33%; text-align: left;"><font style="font-size: 9pt;">&#160;&#160;&#160;Wheat futures contracts</font></td> <td align="center" style="font-size: 9pt; 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padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> </tr> <tr style="font-size: 10pt;"> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 33%; text-align: left;"><font style="font-size: 9pt;">&#160;&#160;&#160;Wheat futures contracts</font></td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; width: 1%;"><font style="font-size: 10pt;">$</font></td> <td align="right" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right; white-space: nowrap; width: 8%;"><font><font style="font-size: 10pt;">1,527,475</font></font></td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 2%;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; width: 1%;"><font style="font-size: 10pt;">$</font></td> <td align="right" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right; white-space: nowrap; width: 8%;"><font><font style="font-size: 10pt;">-</font></font></td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; width: 1%;"><font style="font-size: 10pt;">$</font></td> <td align="right" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right; white-space: nowrap; width: 8%;"><font><font style="font-size: 10pt;"><font>1,527,475</font></font></font></td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; width: 1%;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; width: 1%;"><font style="font-size: 10pt;">$</font></td> <td align="right" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right; white-space: nowrap; width: 8%;"><font><font style="font-size: 10pt;">-</font></font></td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; 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border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> </tr> <tr style="font-size: 10pt;"> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 33%; text-align: left;"><font style="font-size: 10pt;">&#160;&#160;&#160;Wheat futures contracts</font></td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 1%;">&#160;</td> <td align="center" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 10px; white-space: nowrap; width: 1%;"><font style="font-size: 10pt;">$</font></td> <td align="right" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right; white-space: nowrap; width: 8%;"><font><font style="font-size: 10pt;">1,924,464</font></font></td> <td align="center" style="font-size: 9pt; border-left: none; 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margin: 0 0.8pt 0 0; text-align: justify;">&#160;</p> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><strong>Note 1&#160;&#150;&#160;Organization and&#160;Operation</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">Teucrium Agricultural Fund (referred to herein as &#147;TAGS&#148; or the &#147;Fund&#148;) is a series of Teucrium Commodity Trust (&#147;Trust&#148;), a Delaware statutory trust organized on September 11, 2009. The Fund operates pursuant to the Trust's Second Amended and Restated Declaration of Trust and Trust Agreement (the &#147;Trust Agreement&#148;). The Fund was formed on March 29, 2011 and is managed and controlled by Teucrium Trading, LLC (the &#147;Sponsor&#148;). The Sponsor is a limited liability company formed in Delaware on July 28, 2009 that is registered as a commodity pool operator (&#147;CPO&#148;) with the Commodity Futures Trading Commission (&#147;CFTC&#148;) and is a member of the National Futures Association (&#147;NFA&#148;).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">On April 22, 2011, a registration statement was filed with the Securities and Exchange Commission (&#147;SEC&#148;). On February 10, 2012, the Fund's initial registration of <font>5,000,000</font> shares on Form S-1 was declared effective by the U.S. Securities and Exchange Commission (&#147;SEC&#148;). On March 28, 2012, the Fund listed its shares on the NYSE Arca under the ticker symbol &#147;TAGS.&#148; On the business day prior to that, the Fund issued <font>300,000</font> shares in exchange for $<font>15,000,000</font> at the Fund's initial NAV of $<font>50</font> per share. The Fund also commenced investment operations on March 28, 2012 by purchasing shares of the Underlying Funds. On December 31, 2011, the Fund had <font>two</font> shares outstanding, which were owned by the Sponsor. 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The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of management, necessary for the fair presentation of the Fund's&#160;financial statements for the interim period.<font style="font-size: 10pt;"> It is suggested that these interim financial statements be read in conjunction with the financial statements and related notes included in the Trust's Annual Report on Form 10-K, as well as the most recent Form S-1 filing, as applicable. 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In addition, effective on the Conversion Date,<font>&#160;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">USBFS</font></font>, a wholly owned subsidiary of U.S. Bank, commenced serving as administrator for each Fund, performing certain administrative and accounting services and preparing certain SEC reports on behalf of the Funds, and also became the registrar and transfer agent for each Fund's Shares. For such services, U.S. Bank and<font>&#160;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">USBFS</font></font><font>&#160;</font>will receive an asset-based fee, subject to a minimum annual fee.&#160; The Sponsor does not anticipate any material change to the expenses for any Fund, net of expenses waived by the Sponsor, as a result of the servicing conversion to<font>&#160;<font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">USBFS</font></font><font>&#160;</font>and U.S. Bank.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">Given this conversion, beginning with the quarter ended June 30, 2015 and for the year-ended December 31, 2015, the statements of operations reflected an expense, before and after fees waived by the Sponsor, for fees associated with Custodian, Fund Administration and Transfer Agent services (&#147;Custodian Fees&#148;) that have or will be paid to the Bank of New York Mellon by a Fund or by the Sponsor on behalf of a Fund.&#160; The Custodian Fees reflected in the financial statements through December 31, 2015, net of expenses waived by the Sponsor, are generally as had been presented in prior periods of 2015. Therefore, for the quarter ended March 31, 2015, the Custodian Fees reflected for that period do not include any increase, gross or net of expenses waived by the Sponsor, for the change in service providers discussed above.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">For custody services, the Funds will pay to U.S. Bank N.A. <font>0.0075</font>% of average gross assets up to $<font>1</font> billion, and <font>.0050</font>% of average gross assets over $<font>1</font> billion, annually, plus certain per-transaction charges. For Transfer Agency, Fund Accounting and Fund Administration services, which are based on the total assets for all the Funds in the Trust, the Funds will pay to<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">USBFS</font></font></font><font>&#160;</font><font>0.06</font>% of average gross assets on the first $<font>250</font> million, <font>0.05</font>% on the next $<font>250</font> million, <font>0.04</font>% on the next $<font>500</font> million and <font>0.03</font>% on the balance over $<font>1</font> billion annually. A combined minimum annual fee of up to $<font>64,500</font> for custody, transfer agency, accounting and administrative services is assessed per Fund.&#160;For the three months ended March 31, 2016 and 2015, the Fund recognized $<font>765</font>&#160;and $<font>600</font>, respectively,&#160;for these services, which was recorded in custodian fees and expenses on the statements of operations; of these expenses $<font>765</font> in 2016 and $<font>600</font> in 2015 were waived by the Sponsor.</font></font><font style="color: black;"></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; color: black;">The Sponsor employs Foreside Fund Services,<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">LLC</font></font></font><font>&#160;</font>(&#147;Foreside&#148; or the &#147;Distributor&#148;) as the Distributor for the Funds. The Distribution Services Agreement among the Distributor and the Sponsor calls for the Distributor to work with the Custodian in connection with the receipt and processing of orders for Creation Baskets and Redemption Baskets and the review and approval of all Fund sales literature and advertising materials. The Distributor and the Sponsor have also entered into a Securities Activities and Service Agreement (the &#147;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">SASA</font></font>&#148;) under which certain employees and officers of the Sponsor are licensed as registered representatives or registered principals of the Distributor, under Financial Industry Regulatory Authority (&#147;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">FINRA</font></font>&#148;) rules. For its services as the Distributor, Foreside receives a fee of <font>0.01</font>% of the Fund's average daily net assets and an aggregate annual fee of $<font>100,000</font> for all Teucrium Funds, along with certain expense reimbursements. For its services under the<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">SASA</font></font></font>, Foreside receives a fee of $<font>5,000</font> per registered representative and $<font>1,000</font> per registered location.<font>&#160;<font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"></font>For the three months ended March 31, 2016 and 2015, the Fund recognized</font>&#160;$<font>336</font>&#160;and $<font>355</font>, respectively, for these services, which was recorded in distribution and marketing fees on the statements of operations; of these expenses $<font>336</font> in 2016 and $<font>355</font> in 2015 were waived by the Sponsor.</font><font style="color: black;"></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">On January 2, 2015, Newedge<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">USA</font></font></font>,<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">LLC</font></font></font><font>&#160;</font>(&#147;Newedge<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">USA</font></font></font>&#148;) merged with and into SG Americas Securities,<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">LLC</font></font></font><font>&#160;</font>(&#147;SG&#148;), with the latter as the surviving entity. On February 6, 2015 Jefferies<font>&#160;<font><font style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">LLC</font></font></font><font>&#160;</font>(&#147;Jefferies&#148;) became the Funds' FCM and primary clearing broker. All futures contracts held by SG were transferred to Jefferies on that date. As of February 23, 2015 all residual cash balances held at SG had been transferred to Jefferies and the balance in all SG accounts was $<font>0</font>.<font>&#160;Effective June 3, 2015, ED&amp;F Man Capital Markets Inc. (&#147;ED&amp;F Man&#148;) replaced Jefferies as the Underlying Funds' FCM and the clearing broker to execute and clear the Underlying Fund's futures and provide other brokerage-related services. As of June 4, 2015 all futures contracts and residual&#160;cash balances held at Jefferies had been transferred to ED&amp;F Man and the balance in all Jefferies accounts was $<font>0</font>.</font></font></font><font style="color: black;"></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font style="color: black;">Currently,&#160;ED&amp;F Man<font style="letter-spacing: -.15pt;">&#160;serves as the Underlying Funds' clearing broker to execute and clear the Underlying Funds' futures and provide other brokerage-related services. 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The Bank of New York Mellon serves as the broker for the Fund. 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The value of over-the-counter Commodity Interests will be determined based on the value of the commodity or Futures Contract underlying such Commodity Interest, except that a fair value may be determined if the Sponsor believes that the Underlying Fund is subject to significant credit risk relating to the counterparty to such Commodity Interest. For purposes of financial statements and reports, the Sponsor will recalculate the NAV of an Underlying Fund where necessary to reflect the &#147;fair value&#148; of a Futures Contract held by an Underlying Fund when a Futures Contract held by an Underlying Fund closes at its price fluctuation limit for the day. Treasury Securities held by the Fund or Underlying Funds will be valued by the Administrator using values received from recognized third-party vendors (such as Reuters) and dealer quotes. 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The Fund pays for all brokerage fees, taxes and other expenses, including licensing fees for the use of intellectual property, registration or other fees paid to the SEC, FINRA, formerly the National Association of Securities Dealers, or any other regulatory agency in connection with the offer and sale of subsequent Shares after its initial registration and all legal, accounting, printing and other expenses associated therewith. The Fund also pays its portion of the fees and expenses for services directly attributable to the Fund such as accounting, financial reporting, regulatory compliance and trading activities, which the Sponsor elected not to outsource. The Sponsor may, at its discretion waive the payment by the Fund of certain expenses. This election is subject to change by the Sponsor, at its discretion. 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A portion of these aggregate common expenses are related to the Sponsor or related parties of principals of the Sponsor; these are necessary services to the Funds, which are primarily the cost of performing accounting and financial reporting, regulatory compliance, and trading activities that are directly attributable to the Fund. The Sponsor has the ability to elect to pay certain expenses on behalf of the Fund. This election is subject to change by the Sponsor, at its discretion. For the&#160;three months ended March 31, 2016 and 2015 such expenses, which are primarily included as distribution and marketing fees, totaled $<font>5,294</font> in 2016 and $<font>4,377</font> in 2015; all of these expenses were waived by the Sponsor. All asset-based fees and expenses for the Funds are calculated on the prior day's net assets. The Sponsor can elect to adjust the daily expense accruals at its discretion.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">For the three months ended March 31, 2016, there were $<font>20,357</font> of expenses that were identified on the statements of operations of the Fund as expenses that were waived by the Sponsor. 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Actual results could differ from those estimates.</p> </div> -1.87 -1.07 -1.82 2760444 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><strong><em>New Accounting Pronouncements</em></strong></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; color: black;">The Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#147;ASU&#148;) 2016-01, &#147;Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.&#148; The amendments in this update are intended to improve the recognitions measurement and disclosure of financial instruments. The amendments to this update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. These amendments are required to be applied prospectively. The Trust and the Fund are currently evaluating the impact on the financial statements and disclosures.</font><font style="color: black;"></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-10, &#147;Technical Corrections and Improvements.&#148; The amendments in this update represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments are effective for fiscal years beginning after December 15, 2015. The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Fund.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-07, &#147;Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).&#148; The ASU amends ASC 820 to create a practical expedient to measure the fair value of investments in certain entities that do not have a quoted market price but calculate net asset value per share or its equivalent. 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The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Fund.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-06, &#147;Earnings per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions.&#148; The amendments specify how earnings (losses) of a transferred business before the date of a dropdown transaction should be allocated to the various interest holders in a master limited partnership for purposes of calculating earning per unit under the two-class method. The amendments to this update are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The amendments are required to be applied retrospectively for all periods presented. The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Fund.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-02, &#147;Consolidation (Topic 810): Amendments to the Consolidation Analysis.&#148; The amendments are intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures. The amendments to this update are effective for periods beginning after December 15, 2015. These amendments are required to be applied retrospectively for all periods presented. The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Fund.</font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2014-08, &#147;Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.&#148; The amendments in this update change the requirements for reporting discontinued operations in Subtopic 2015-20.&#160; A significant provision of ASU 2014-08 calls for reporting as discontinued operations only those disposals that represent a strategic shift or have a major impact on the entity's financial results and operations. 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In accordance with GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. 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To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the financial instruments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for financial instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>5.88</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Total expenses, net</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>0.50</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>0.50</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Net investment loss</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(0.50)</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">%</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(0.50</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)%</td> </tr> </table> </div> </div> <table cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; font: 10pt times new roman, times, serif;"> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">&#160;</td> </tr> </table> </div> <p style="margin: 0pt 0in 0.0000pt;text-align: justify;font-size: 12pt;font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">Effective in the third quarter 2015, the financial highlights per share data are calculated consistent with the methodology used to calculate asset-based fees and expenses. In prior periods, the financial highlights per share data are calculated using the average of the daily shares outstanding for the reporting period, which is inclusive of the last day of the period. Any change in methodology was not material to the ratios presented.</font></p> </div> 2016 24900000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <table cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; font: 10pt times new roman, times, serif;"> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td colspan="2" style="padding: 0px; font-size: 10pt; text-align: center; width: 13%;"> <p style="/* margin: 0in 0in 6pt 0.25in; */ border: 1px #000000; margin-bottom: 0pt;">Three months ended</p> </td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"></td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td colspan="2" style="padding: 0px; font-size: 10pt; text-align: center; width: 13%;"> <p style="margin: 0in 0in 6pt 0.25in; border: 1px #000000; margin-bottom: 0pt;">Three months ended</p> </td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"></td> </tr> <tr> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; width: 74%;"><strong>Per Share Operation Performance</strong></td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;"> <p style="margin: 0pt; border: 1px #000000;">March 31, 2016</p> </td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"></td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td> <td colspan="2" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;"> <p style="margin: 0in 0in 6pt 0.25in; border: 1px #000000; margin-bottom: 0pt;">March 31, 2015</p> </td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"></td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="border-left: none; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>33.05</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">Net realized and unrealized gain (loss) on commodity futures contracts</td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; 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font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>(0.03</font></td> <td style="text-align: left; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">)&#160;</td> <td style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; border-left: none; border-right: none; border-top: none; border-color: #000000; 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padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-size: 10pt;">$</td> <td style="text-align: right; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt;"><font>29.33</font></td> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-size: 10pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="text-align: left; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;"><strong>Total Return</strong></td> <td style="font-size: 10pt;">&#160;</td> <td style="text-align: left; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; 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border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="6" style="font-size: 9pt; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="6" style="border-bottom: #000000 1pt solid; font-size: 9pt; border-left: none; border-right: none; border-top: none; border-color: #000000; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><font style="font-size: 9pt;">Net Amount</font></td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; 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border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; 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border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><font style="font-size: 9pt;">Statement of</font></td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> </tr> <tr style="vertical-align: bottom; font-size: 10pt;"> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;">&#160;</td> <td colspan="2" style="font-size: 9pt; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"><font style="font-size: 9pt;">of Recognized</font></td> <td style="font-size: 9pt; border-left: none; border-right: none; border-top: none; 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border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;">Level 2</td><td align="left" style="padding: 0px; font-size: 10pt;">&#160;</td><td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td><td colspan="2" align="left" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt;">Level 3</td><td align="left" style="padding: 0px; font-size: 10pt;">&#160;</td><td align="left" style="border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt;">&#160;</td><td colspan="2" nowrap="nowrap" align="left" style="text-align: center; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; 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For purposes of financial statements and reports, the Sponsor will recalculate the NAV where necessary to reflect the &#147;fair value&#148; of a Futures Contract when the Futures Contract closes at its price fluctuation limit for the day. Treasury securities held by the Fund are valued by the administrator using values received from recognized third-party vendors and dealer quotes. 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A portion of these aggregate common expenses are related to the Sponsor or related parties of principals of the Sponsor; these are necessary services to the Funds, which are primarily the cost of performing accounting and financial reporting, regulatory compliance, and trading activities that are directly attributable to the Fund. For the three months ended March 31, 2016 and 2015, such expenses, which are primarily included as distribution and marketing fees, totaled $<font>41,573</font> in 2016 and $<font>8,266</font> in 2015; of these amounts, $<font>10,283</font> in 2016 and $<font>6,129</font> in 2015 were waived by the Sponsor. 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In accordance with U.S. GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. 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This condition could cause a financial instrument&#160;to be reclassified to a lower level within the fair value hierarchy. When such a situation exists on a quarter close, the Sponsor will calculate the NAV on a particular day using the Level 1 valuation, but will later recalculate the NAV for the impacted Fund based upon the valuation inputs from these alternative verifiable sources (Level 2 or Level 3) and will report such NAV in its applicable financial statements and reports.</font></p> <p align="justify" style=" margin: 0px; clear: left; font-family: 'times new roman'; font-size: 10pt;">&#160;</p> <p style="margin: 1pt 0in 0.000pt;text-align: justify;font-size: 12pt;font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On March 31, 2016 and December&#160;31, 2015, in the opinion of the Trust and the Fund, the reported value of the Sugar Futures Contracts traded on the ICE fairly reflected the value of the Sugar Futures Contracts held by the Fund, and no adjustments were necessary. The determination is made as of the settlement of the futures contracts on the last day of trading for the reporting period. In making the determination of a Level 1 or Level 2 transfer, the Fund considers the average volume of the specific underlying futures contracts traded on the relevant exchange for the&#160;periods being reported.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">For the three months ended March 31, 2016 and year ended December 31, 2015, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.</font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The Fund records its derivative activities at fair value. Gains and losses from derivative contracts are included in the statements of operations. Derivative contracts include futures contracts related to commodity prices. Futures, which are listed on a national securities exchange, such as the CBOT and the ICE, or reported on another national market, are generally categorized in Level 1 of the fair value hierarchy. OTC derivatives contracts (such as forward and swap contracts) which may be valued using models, depending on whether significant inputs are observable or unobservable, are categorized in Levels 2 or 3 of the fair value hierarchy.</font><br/></p> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><strong><em>Net Income (Loss) per&#160;Share</em></strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">Net income (loss) per share is the difference between the&#160;NAV per unit at the beginning of each period and at the end of each period. 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In addition, the amendments to ASC 820 provide guidance on classifying investments that are measured using the practical expedient in the fair value hierarchy and require specific disclosures for eligible investments, regardless of whether the practical expedient has been applied. The amendments in this Update are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. These amendments are required to be applied retrospectively to all periods presented. 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The adoption did not have a material impact on the financial statements and disclosures of the Trust or the Fund.</font><font style="color: black;"></font></font></p> <p style="margin: 12pt 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font><font style="font-size: 10.0pt; color: black;">The FASB issued ASU 2015-02, &#147;Consolidation (Topic 810): Amendments to the Consolidation Analysis.&#148; The amendments are intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures. The amendments to this update are effective for periods beginning after December 15, 2015. These amendments are required to be applied retrospectively for all periods presented. 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