DERIVATIVE INSTRUMENTS

9 Months Ended

Jul. 31, 2013

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS

6. DERIVATIVE INSTRUMENTS

As of July 31, 2013, the Company had no derivative instruments in place.

The following tables provide details regarding the losses from the Company’s derivative instruments included in the Condensed Consolidated Statements of Operations, none of which were designated as hedging instruments:

	Statement of	Three-Months Ended July 31,
	Operations Locations	2013		2012
Corn contracts	Cost of goods sold	$	—	$	862,000
Natural gas contracts	Cost of goods sold	—		119,000
Totals		$	—	$	981,000
	Statement of	Nine-Months Ended July 31,
	Operations Locations	2013		2012
Corn contracts	Cost of goods sold	$	—	$	1,088,000
Natural gas contracts	Cost of goods sold	—		(446,000		)
Totals		$	—	$	642,000