Derivative Instruments (Tables)

12 Months Ended

Oct. 31, 2016

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, 2016, none of which were designated as hedging instruments:

	Balance Sheet location	Assets		Liabilities
Corn contracts - GFE	Commodity derivative instruments	$	63,050	$	—
Corn contracts - HLBE	Commodity derivative instruments		388,525		—
Ethanol contracts - GFE	Commodity derivative instruments		503,538		—
Ethanol contracts - HLBE	Commodity derivative instruments		273,813		—
Totals		$	1,228,926	$	—

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

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

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

	Statement of	Fiscal Year Ended October 31,
	Operations Location	2016		2015		2014
Corn contracts	Cost of Goods Sold	$	708,364	$	303,925	$	1,134,402
Ethanol contracts	Revenues		(159,322)		—		—
Natural gas contracts	Cost of Goods Sold		32,358		—		—
Total gain		$	581,400	$	303,925	$	1,134,402