FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jul. 31, 2020

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 July 31, 2020:

					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	$	28,492	$	28,492	$	28,492	$	—	$	—
Financial Liabilities:
Commodity Derivative instruments - Ethanol	$	31,826	$	31,826	$	31,826	$	—	$	—

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

					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	$	20,060	$	20,060	$	20,060	$	—	$	—
Commodity Derivative instruments - Ethanol	$	75,763	$	75,763	$	75,763	$	—	$	—