v3.24.2.u1
DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Jul. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Instruments
The following tables provide details regarding the Company's derivative instruments at July 31, 2024 and October 31, 2023:
          InstrumentBalance Sheet locationJuly 31, 2024October 31, 2023
Corn, natural gas and ethanol contracts
In gain position$9,752 $812 
In loss position(1,182,614)(1,497,801)
Deposits with broker1,777,761 2,420,240 
Current assets$604,899 $923,251 
Schedule of Gains (Losses) From Derivative Instruments
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 Three Months Ended July 31,
Operations location 20242023
Ethanol contractsRevenues$1,070 $3,202 
Corn contractsCost of goods sold44,248 135,095 
Natural gas contractsCost of goods sold(19,967)(3,044)
Statement ofNine Months Ended July 31,
Operations location20242023
Ethanol contractsRevenues$15,071 $79,608 
Corn contractsCost of goods sold(48,258)583,682 
Natural gas contractsCost of goods sold(11,810)76,959