FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Oct. 31, 2019

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities accounted for on a recurring basis

The following table sets forth, by level, the Company assets that were accounted for at fair value on a recurring basis at October 31, 2019:

					Fair Value Measurement Using
	Carrying Amount in				Quoted Prices		Significant Other		Significant
	Consolidated Balance Sheet				Active Markets		Observable Inputs		Unobservable inputs
Financial Assets			Fair Value		(Level 1)		(Level 2)		(Level 3)
Commodity Derivative instruments - Corn	$	20,060	$	20,060	$	20,060	$	—	$	—
Commodity Derivative instruments - Ethanol	$	75,763	$	75,763	$	75,763	$		$

The following table sets forth, by level, the Company assets that were accounted for at fair value on a recurring basis at October 31, 2018:

					Fair Value Measurement Using
	Carrying Amount in				Quoted Prices in		Significant Other		Significant
	Consolidated				Active Markets		Observable Inputs		Unobservable Inputs
Financial Assets:	Balance Sheet		Fair Value		(Level 1)		(Level 2)		(Level 3)
Commodity Derivative instruments - Corn	$	425,638	$	425,638	$	425,638	$	—	$	—
Financial Liabilities:
Commodity Derivative instruments - Corn	$	25,180	$	25,180	$	—	$	25,180	$