Commitments and Contingencies (Table)

3 Months Ended

Jan. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Forward Contracts

The Company recorded a lower of cost or net realizable value write-down on the forward fixed price contracts of approximately $626,000 at January 31, 2020. Forward contracts are as follows at January 31, 2020:

	Quantity	Average Price		Delivery Date
Purchase of corn (in bushels):
Basis Contracts	1,906,457			By 7/31/21
Priced Contracts	1,469,085	$	3.87	By 1/31/21
Total	3,375,542
Purchase of natural gas (in dekatherms):
Index contracts	—
Priced contracts	3,170,350	$	2.41	By 3/31/23
Total	3,170,350
Purchase of denaturant (in gallons):
Index contracts	—
Priced contracts	1,242,000	$	1.26	By 12/31/20
Total	1,242,000
Sales of dry distillers grains (in tons):
Index contracts	—
Priced contracts	3,100	$	140.48	By 2/29/20
Total	3,100
Sales of modified distillers grains (in tons)
Index contracts	—
Priced contracts	18,700	$	72.27	By 8/31/20
Total	18,700
Sales of corn oil (in pounds)
Index contracts	—
Priced contracts	1,398,000	$	0.24	By 9/30/20
Total	1,398,000