Risk Management (Tables)

3 Months Ended

Dec. 31, 2021

Derivatives not designated as hedging instruments are as follows:


	December 31, 2021		September 30, 2021
Derivative assets - corn contracts	$	1,418,450	$	524,500

Derivative assets - ethanol contracts	145,638		104,160
Derivative liabilities - corn contracts	(359,300)		(68,900)
Derivative liabilities - ethanol contracts	(2,711,184)		(395,640)
Due from broker	2,976,320		1,293,229
Total	$	1,469,924	$	1,457,349

The effects on operating income (loss) from derivative activities for three months ended December 31, 2021 and 2020 are as follows:


	Three Months Ended
	December 31, 2021		December 31, 2020
Gains (losses) in revenues due to derivatives related to ethanol sales:
Realized (loss)	$	(9,541,519)	$	(143,056)
Unrealized gain (loss)	(2,274,067)		66,108
Total effect on revenues	$	(11,815,586)	$	(76,948)

Gains (losses) in cost of goods sold due to derivatives related to corn costs:
Realized gain (loss)	$	335,468	$	(409,273)
Unrealized gain (loss)	603,550		(727,750)
Total effect on cost of goods sold	939,018		(1,137,023)
Total (loss) due to derivative activities	$	(10,876,568)	$	(1,213,971)

Lincolnway Energy, LLC 10-Q/A