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Inventories
9 Months Ended
Sep. 30, 2020
Inventory Disclosure [Abstract]  
Inventories Inventories
The Company’s inventories consist of the following at September 30, 2020 and December 31, 2019:
 September 30,
2020
December 31,
2019
Finished goods$9,738,859 $26,559,194 
Raw materials59,065,129 17,641,335 
Supplies & miscellaneous321,482 269,523 
Totals$69,125,470 $44,470,052 
Finished goods and raw materials are valued at estimated market value, which approximates net realizable value. In addition, futures and option contracts are marked to market through cost of revenues, with unrealized gains and losses recorded in the above inventory amounts. Supplies and other inventories are stated at the lower of cost or net realizable value.