FAIR VALUE (Tables)

6 Months Ended

Apr. 30, 2020

FAIR VALUE

Schedule of derivative assets and liabilities measured at fair value

The following table sets forth, by level, the Company assets that were accounted for at fair value on a recurring basis at April 30, 2020:

					Fair Value Measurement Using
					Quoted Prices		Significant Other		Significant
	Carrying Amount in				in Active Markets		Observable Inputs		Unobservable Inputs
Financial Assets:	Consolidated Balance Sheet		Fair Value		(Level 1)		(Level 2)		(Level 3)
Commodity Derivative Instruments - Corn	$	359,269	$	359,269	$	359,269	$	—	$	—
Financial Liabilities:
Commodity Derivative Instruments - Ethanol	$	14,100	$	14,100	$	14,100	$	—	$	—
Commodity Derivative Instruments - Corn	$	227,550	$	227,550	$	227,550	$	—	$	—

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 Assets:	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	$	—	$	—