XML 23 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Instruments (Tables)
12 Months Ended
Oct. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
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
)
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

 
$
—

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
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