Derivative Instruments

12 Months Ended

Oct. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

DERIVATIVE INSTRUMENTS

As of October 31, 2015, the total notional amount of the Company's outstanding corn derivative instruments was approximately 2,615,000 bushels, comprised of 740,000 and 1,875,000 bushel equivalent positions held by GFE and HLBE, respectively, that were entered into to hedge forecasted corn purchases through December 2016. 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, 2015, none of which were designated as hedging instruments:

	Balance Sheet location	Assets		Liabilities
Corn contracts - GFE	Commodity derivative instruments	$	—	$	1,114
Corn contracts - HLBE	Commodity derivative instruments	677,149		—
Totals		$	677,149	$	1,114

As of October 31, 2015 the Company did not have any of cash collateral (restricted cash) related to commodity derivatives held by a broker.

As of October 31, 2014, the total notional amount of the Company's outstanding corn derivative instruments was approximately 7,135,000 bushels, comprised of 4,345,000 and 2,790,000 bushel equivalent positions held by GFE and HLBE, respectively, that were entered into to hedge forecasted corn purchases through July 2015. 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, 2014, none of which were designated as hedging instruments:

	Balance Sheet location	Assets		Liabilities
Corn contracts - GFE	Commodity derivative instruments	$	858,238	$	—
Corn contracts - HLBE	Commodity derivative instruments	437,500		—
Totals		$	1,295,738	$	—

In addition, as of October 31, 2014 the Company maintained approximately $492,000 of restricted cash, comprised of approximately $228,000 held by GFE and approximately $264,000 held by HLBE related to margin requirements for the Company's commodity derivative instrument positions.

The following tables provide details regarding the gains 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	2015		2014		2013
Corn contracts	Cost of Goods Sold	$	303,925	$	1,134,402	$	155,563
Total gain		$	303,925	$	1,134,402	$	155,563