Derivative Instruments

12 Months Ended

Oct. 31, 2012

Derivative [Line Items]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

DERIVATIVE INSTRUMENTS

As of October 31, 2012, the total notional amount of the Company's outstanding corn derivative instruments was approximately 1,235,000 bushels that were entered into to hedge forecasted corn purchases through March 2013. There may be offsetting positions that are not shown on a net basis that could lower the notional amount of positions outstanding as disclosed above.

The following tables provide details regarding the Company's derivative instruments at October 31, 2012, none of which were designated as hedging instruments:

	Balance Sheet location	Assets		Liabilities
Corn contracts	Commodity derivative instruments	$	—	$	(45,563	)
Totals		$	—	$	(45,563	)

In addition, as of October 31, 2012 the Company maintained approximately $494,000 of restricted cash related to margin requirements for the Company's derivative instrument positions.

As of October 31, 2011, the total notional amount of the Company's outstanding corn derivative instruments was approximately 2,580,000 bushels that were entered into to hedge forecasted corn purchases through March 2012. There may be offsetting positions that are not shown on a net basis that could lower the notional amount of positions outstanding as disclosed above.

The following tables provide details regarding the Company's derivative instruments at October 31, 2011, none of which were designated as hedging instruments:

	Balance Sheet location	Assets		Liabilities
Corn contracts	Derivative instruments	$	404,050	$	—
Totals		$	404,050	$	—

In addition, as of October 31, 2011 the Company maintained $903,000 of restricted cash related to margin requirements for the Company's commodity derivative instrument positions.

The following tables provide details regarding the gains and (losses) from Company's derivative instruments in statements of operations, none of which are designated as hedging instruments:

	Statement of	Fiscal Years Ended October 31,
	Operations location	2012			2011			2010
Ethanol contracts	Revenue	$	—		$	(4,626	)	$	(343,448	)
Corn contracts	Cost of Goods Sold	(1,651,799		)	1,280,413			2,339,286
Natural gas contracts	Cost of Goods Sold	—			(4,545		)	(113,710		)
Denaturant contracts	Cost of Goods Sold	—			—			7,708
Total gain (loss)		$	(1,651,799	)	$	1,271,242		$	1,889,836