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Derivative Instruments (Tables)
12 Months Ended
Oct. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position
The following tables provide details regarding the Company's derivative instruments at October 31:
          Instrument
Balance Sheet location
 
 
 
 
 
2019
2018
 
 
 


Corn, natural gas and ethanol contracts
 
 
 
 
In gain position
 
 
$
124,069

$

In loss position
 
 
(775,887
)
(2,280,280
)
Deposits with broker
 
 
1,121,558

3,223,165

 
Current assets
 
$
469,740

$
942,885

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position
The following tables provide details regarding the gains (losses) from the Company's derivative instruments in the statements of operations, none of which are designated as hedging instruments:
 
 
Statement of
 
Year Ended October 31
 
 
Operations location
 
2019
2018
2017
Ethanol contracts
 
Revenues
 
(240,284
)
(81,032
)
568,715

Corn contracts
 
Cost of goods sold
 
(835,456
)
(149,323
)
1,751,018

Natural gas contracts
 
Cost of goods sold
 
21,833

38,137

11,267