Risk Management (Tables)

9 Months Ended

Jun. 30, 2017

Risk Management [Abstract]

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

Derivatives not designated as hedging instruments are as follows:

	June 30, 2017			September 30, 2016
Derivative assets - corn contracts	$	189,025		$	1,179,588
Derivative assets - ethanol contracts	960			38,325
Derivative liabilities - corn contracts	(167,900		)	(118,750		)
Derivative liabilities - ethanol contracts	(2,814		)	(165,870		)
Cash held by (due to) broker	232,461			(435,616		)
Total	$	251,732		$	497,677

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The effects on operating income from derivative activities is as follows:

	Three Months Ended						Nine Months Ended
	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
Gains (losses) in revenues due to derivatives related to ethanol sales:
Realized (loss)	$	(74,949	)	$	(78,288	)	$	(288,621	)	$	(7,945	)
Unrealized gain (loss)	63,546			(19,129		)	124,731			(16,362		)
Total effect on revenues	(11,403		)	(97,417		)	(163,890		)	(24,307		)
Gains (losses) in cost of goods sold due to derivatives related to corn costs:
Realized gain (loss)	120,488			(291,288		)	1,304,969			742,156
Unrealized gain (loss)	(27,550		)	1,281,778			(1,039,713		)	1,103,059
Total effect on corn cost	92,938			990,490			265,256			1,845,215
Gains in cost of goods sold due to derivatives related to natural gas costs:
Realized gain (loss)	2,500			(53,840		)	5,490			70,960
Unrealized gain	960			48,750			960			1,880
Total effect on natural gas cost	3,460			(5,090		)	6,450			72,840
Total effect on cost of goods sold	96,398			985,400			271,706			1,918,055
Total gain due to derivative activities	$	84,995		$	887,983		$	107,816		$	1,893,748