FAIR VALUE (Tables)

12 Months Ended

Oct. 31, 2019

FAIR VALUE

Schedule of derivative assets and liabilities measured at fair value

The following table provides information on those derivative assets and liabilities measured at fair value on a recurring basis at October 31, 2019:

					Fair Value Measurement Using
					Quoted Prices		Significant Other		Significant
	Carrying Amount in				in Active Markets		Observable Inputs		Unobservable Inputs
Financial Asset:	Consolidated Balance Sheet		Fair Value		(Level 1)		(Level 2)		(Level 3)
Commodity Derivative Instruments - Corn	$	632,773	$	632,773	$	632,773	$	—	$	—
Commodity Derivative Instruments - Ethanol	$	190,325	$	190,325	$	190,325	$	—	$	—

The following table provides information on those derivative assets measured at fair value on a recurring basis at October 31, 2018:

					Fair Value Measurement Using
					Quoted Prices		Significant Other		Significant
	Carrying Amount in				in Active Markets		Observable Inputs		Unobservable Inputs
Financial Asset:	Consolidated Balance Sheet		Fair Value		(Level 1)		(Level 2)		(Level 3)
Commodity Derivative Instruments - Corn	$	957,938	$	957,938	$	957,938	$	—	$	—
Financial Liabilities:
Commodity Derivative Instruments - Corn	$	50,360	$	50,360	$	—	$	50,360	$	—