Southwest Iowa Renewable Energy (SWIOU) 10-Q 12 Aug 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Document Information [Line Items]
Capital Units, Outstanding	13,327
Entity Registrant Name	Southwest Iowa Renewable Energy, LLC
Entity Central Index Key	1,424,844
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	8,993
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	3,334
Common Class C [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	1,000
Capital Unit, Class A [Member]
Document Information [Line Items]
Capital Units, Outstanding	8,993
Capital Unit, Class B [Member]
Document Information [Line Items]
Capital Units, Outstanding	3,334
Capital Unit Class C [Member]
Document Information [Line Items]
Capital Units, Outstanding	1,000

Balance Sheets

Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Current Assets
Cash and cash equivalents	$ 3,038	$ 9,267
Restricted cash	304	304
Accounts receivable	584	801
Accounts receivable, related party	4,680	5,192
Derivative financial instruments	477	623
Inventory	15,303	12,161
Prepaid expenses and other	4,683	1,611
Total current assets	29,069	29,959
Property, Plant, and Equipment
Land	2,064	2,064
Plant, building and equipment	210,887	208,082
Office and other equipment	1,091	1,068
Total Cost	214,042	211,214
Accumulated depreciation	(85,017)	(76,393)
Net property and equipment	129,025	134,821
Other Assets
Financing costs, net of amortization of $3,202 and $2,341, respectively	365	418
Other assets	2,088	1,588
Total other assets	2,453	2,006
Total Assets	160,547	166,786
Current Liabilities
Accounts payable	1,449	1,575
Accounts payable, related parties	501	1,188
Derivative Financial Instruments Related Party	0	2,707
Derivative Liability, Current	271	0
Accrued expenses	5,981	2,996
Accrued expenses, related parties	372	214
Current maturities of notes payable	6,494	6,052
Total current liabilities	15,068	14,732
Long Term Liabilities
Notes payable, less current maturities	39,390	50,872
Other long-term liabilities	5,525	300
Total long term liabilities	44,915	51,172
Members' Equity
Members' capital, 13,139 Units issued and outstanding	87,165	87,165
Accumulated profit (deficit)	13,399	13,717
Total members' equity	100,564	100,882
Total Liabilities and Members' Equity	$ 160,547	$ 166,786

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Accumulated Amortization, Deferred Finance Costs	$ 72,448.65	$ 18,861.39
Members' capital, units outstanding	13,327

Statements Of Operations

Statements Of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues	$ 58,235	$ 88,158	$ 186,243	$ 251,315
Cost of Goods Sold
Cost of goods sold-non hedging	51,238	65,841	165,336	190,326
Realized & unrealized hedging (gains)	(752)	3,205	(2,561)	5,542
Cost of Goods Sold	50,486	69,046	162,775	195,868
Gross Margin	7,749	19,112	23,468	55,447
General and administrative expenses	1,256	1,344	3,771	3,701
Operating Income	6,493	17,768	19,697	51,746
Other Income (Expense)
Other (Income) Expense	402	2,080	1,388	6,049
Gains (Losses) on Extinguishment of Debt	0	10,128	4,700	10,128
Stock or Unit Option Plan Expense	0	0	600	0
Net (Loss)	$ 6,091	$ 5,560	$ 13,009	$ 35,569
Weighted Average Units Outstanding	13,327	13,205	13,327	13,164
Weighted Average Number of Shares Outstanding, Diluted	14,039	25,234	16,522	25,424
Earnings Per Share, Basic	$ 457.04	$ 421.05	$ 976.14	$ 2,701.99
Earnings Per Share, Diluted	$ 433.86	$ 247.52	$ 847.84	$ 1,483.44

Condensed Statements Of Cash Fl

Condensed Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Payments for Purchase of Other Assets	$ 500	$ 0
Increase (Decrease) in Restricted Cash	0	1
Revenues	186,243	251,315
Property, Plant and Equipment, Gross, Period Increase (Decrease)	0	(300)
Increase (Decrease) in Raw Materials, Packaging Materials and Supplies Inventories	0	300
Debt Conversion, Original Debt, Amount	0	549
Increase (Decrease) In Members Equity Due To Loss On Debt Extinquishment	0	10,128
Property, Plant and Equipment, Disposals	0	232
Cash Flows From Operating Activities
Net (loss)	13,009	35,569
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Depreciation	8,624	8,601
Amortization	53	431
Debt Instrument, Increase, Accrued Interest	0	2,018
Gain (Loss) on Sale of Properties	0	150
Gains (Losses) on Extinguishment of Debt	4,700	10,128
Increase (Decrease) in Put Options	600	0
(Increase) decrease in current assets:
Accounts receivable	729	919
Inventories	(3,142)	(4,658)
Prepaid expenses and other	(3,072)	(433)
Increase (Decrease) in Derivative Assets	146	(95)
Decrease in other long-term liabilities	(75)	(75)
Increase (decrease) in current liabilities:
Accounts payable	(813)	(1,920)
Derivative Liability	(2,436)	1,563
Accrued expenses	3,143	250
Net Cash Provided by (Used in) Operating Activities	21,466	52,448
Cash Flows From Investing Activities
Purchase of property and equipment	(2,828)	(1,865)
Net Cash Provided by (Used in) Investing Activities	(3,328)	(1,866)
Cash Flows From Financing Activities
Payments of Financing Costs	0	(418)
Payments of Dividends	13,327	0
Proceeds from notes payable	105,924	86,000
Payments on borrowings	(116,964)	(145,097)
Net cash (used in) financing activities	(24,367)	(59,515)
Cash and Cash Equivalents, Period Increase (Decrease)	(6,229)	(8,933)
Cash And Equivalents-Beginning	9,267	12,437
Cash And Equivalents-Ending	3,038	3,504
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	$ 1,443	$ 4,425

Nature Of Business

Nature Of Business	9 Months Ended
	Jun. 30, 2015
Nature Of Business [Abstract]
Nature Of Business	Nature of Business Southwest Iowa Renewable Energy, LLC (the “ Company ”), located in Council Bluffs, Iowa, was formed in March, 2005 and began producing ethanol in February, 2009. The Company is permitted to produce up to 125 million gallons of ethanol per year. The Company sells its ethanol, distillers grains, corn syrup, and corn oil in the continental United States, Mexico, and the Pacific Rim.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Other Information The accompanying financial statements as of and for the three and nine months ended June 30, 2015 and 2014 are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. These unaudited financial statements and notes should be read in conjunction with the audited financial statements and notes thereto, for the fiscal year ended September 30, 2014 contained in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods presented are not necessarily indicative of the results for the entire year. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Revenue Recognition The Company sells ethanol and related products pursuant to marketing agreements. Revenues are recognized when the marketing company (the “ customer ”) has taken title to the product, prices are fixed or determinable and collectability is reasonably assured. The Company’s ethanol sales are handled through an ethanol purchase agreement (the “ Ethanol Agreement ”) with Bunge North America, Inc. (“ Bunge ”). Syrup and distillers grain (co-products) are sold through a distillers grains agreement (the “ DG Agreement ”) with Bunge, based on market prices. Marketing fees, agency fees, and commissions due to the marketer are paid separately from the settlement for the sale of the ethanol products and co-products and are included as a component of cost of goods sold. Shipping and handling costs incurred by the Company for the sale of ethanol and co-products are included in cost of goods sold. Corn oil is sold directly by the Company to various customers. Accounts Receivable Trade accounts receivable are recorded at original invoice amounts less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Most of the trade accounts are with Bunge. Management determines the allowance for doubtful accounts by regularly evaluating customer receivables and considering customer’s financial condition, credit history and current economic conditions. As of June 30, 2015 and September 30, 2014 , management had determined no allowance was necessary. Receivables are written off when deemed uncollectable and recoveries of receivables written off are recorded when received. Investment in Commodities Contracts, Derivative Instruments and Hedging Activities The Company’s operations and cash flows are subject to fluctuations due to changes in commodity prices. The Company is subject to market risk with respect to the price and availability of corn, the principal raw material used to produce ethanol and ethanol by-products. Exposure to commodity price risk results from the Company’s dependence on corn in the ethanol production process. In general, rising corn prices might result in lower profit margins and, therefore, represent unfavorable market conditions. The availability and price of corn is subject to wide fluctuations due to unpredictable factors such as weather conditions, farmer planting decisions, governmental policies with respect to agriculture and international trade and global demand and supply. To minimize the risk and the volatility of commodity prices, primarily related to corn and ethanol, the Company uses various derivative instruments, including forward corn, ethanol, and distillers grains purchase and sales contracts, over-the-counter and exchange-traded futures and option contracts. From time to time, when market conditions are appropriate, the Company will enter into derivative contracts to hedge its exposure to price risk related to forecasted corn needs and forward corn purchase contracts. Management has evaluated the Company’s contracts to determine whether the contracts are derivative instruments. Certain contracts that literally meet the definition of a derivative may be exempted from derivative accounting as normal purchases or normal sales. Normal purchases and normal sales are contracts that provide for the purchase or sale of something other than a financial instrument or derivative instrument that will be delivered in quantities expected to be used or sold over a reasonable period in the normal course of business. The Company applies the normal sale exemption to forward contracts relating to ethanol, distillers grains, and corn oil and therefore these forward contracts are not marked to market. As of June 30, 2015 , the Company was committed to sell 2.8 million gallons of ethanol, 52.5 thousand tons of distillers grains and 3.9 million pounds of corn oil. Corn purchase contracts are treated as derivative financial instruments. Changes in market value of forward corn contracts, which are marked to market each period, are included in costs of goods sold. As of June 30, 2015 , the Company was committed to purchasing 2.4 million bushels of corn on a forward contract basis resulting in a total commitment of $9.2 million . In addition the Company was committed to purchase 40.0 thousand bushels of corn on basis contracts. The Company also enters into short-term options and futures contracts as a means of managing exposure to changes in commodity prices. The Company enters into derivative contracts to hedge the exposure to volatile commodity price fluctuations. The Company maintains a risk management strategy that uses derivative instruments to minimize significant, unanticipated earnings fluctuations caused by market volatility. The Company’s specific goal is to protect itself from large moves in commodity costs. All derivatives are designated as non-hedge derivatives and the contracts will be accounted for at fair value. Although the contracts will be effective economic hedges of specified risks, they are not designated as and accounted for as hedging instruments. Derivatives not designated as hedging instruments along with cash held by brokers at June 30, 2015 and September 30, 2014 at market value are as follows: Balance Sheet Classification June 30, 2015 September 30, 2014 in 000's in 000's Futures and option contracts In gain position $ 72 $ 844 In loss position (1,039 ) — Cash held by (due to) broker 696 (221 ) Current asset (liability) (271 ) 623 Forward contracts, corn Current asset 477 — Forward contracts, corn, related party Current liability — 2,707 Net futures, options, and forward contracts $ 206 $ (2,084 ) The net realized and unrealized gains and losses on the Company’s derivative contracts for the three and nine months ended June 30, 2015 and 2014 consist of the following (in thousands of dollars): Three Months Ended Nine Months Ended Statement of Operations Classification June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Net realized and unrealized (gains) losses related to: Forward purchase corn contracts Cost of Goods Sold $ (1,703 ) $ 2,713 $ (3,875 ) $ 3,873 Futures and option corn contracts Cost of Goods Sold 951 492 1,314 1,669 Futures and option ethanol contracts Revenue — 1,146 — 1,146 Inventory Inventory is stated at the lower of cost or market value using the average cost method. Market value is based on current replacement values, to the extent that it does not exceed net realizable values and it is not less than the net realizable values reduced by an allowance for normal profit margin. Income Per Unit Basic income per unit is calculated by dividing net income by the weighted average units outstanding for each period. Diluted income per unit is adjusted for convertible debt, using the treasury stock method and the put option using the reverse treasury stock method. Basic earnings and diluted per unit data were computed as follows (in thousands except per unit data): Three Months Ended Nine Months Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Numerator: Net income for basic earnings per unit $ 6,091 $ 5,560 $ 13,009 $ 35,569 Interest expense on convertible term note — 686 399 2,146 Change in fair value of put option liability — — 600 — Net income for diluted earnings per unit $ 6,091 $ 6,246 $ 14,008 $ 37,715 Denominator: Weighted average units outstanding - basic 13,327 13,205 13,327 13,164 Weighted average units outstanding - diluted 14,039 25,234 16,522 25,424 Income per unit - basic $ 457.04 $ 421.05 $ 976.14 $ 2,701.99 Income per unit - diluted $ 433.86 $ 247.52 $ 847.84 $ 1,483.44

Inventory

Inventory	9 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory is comprised of the following: June 30, 2015 September 30, 2014 (000's) (000's) Raw Materials - corn $ 4,304 $ 2,395 Supplies and Chemicals 3,103 2,783 Work in Process 1,613 1,392 Finished Goods 6,283 5,591 Total $ 15,303 $ 12,161

Revolving Loan_Credit Agreement

Revolving Loan/Credit Agreements	9 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Revolving Loan/Credit Agreements	Revolving Loan/Credit Agreements FCSA/CoBank The Company entered into a credit agreement with Farm Credit Services of America, FLCA (“ FCSA ”) and CoBank, ACB, as cash management provider and agent (“ CoBank ”) which provides the Company with a term loan in the amount of $30,000,000 (the “ Term Loan ”) and a revolving term loan in the amount of up to $36,000,000 (the “ Revolving Term Loan ”, together with the Term Loan, the “ FCSA Credit Facility ”). The FCSA Credit Facility is secured by a security interest on all of the Company’s assets. The Term Loan provides for payments by the Company to FCSA of quarterly installments of $1,500,000 each, which began on December 20, 2014 with a maturity date of September 20, 2019. The Revolving Term Loan has a maturity date of June 1, 2023 and requires reductions in principal availability in increments of $6,000,000 each June 1 commencing on June 1, 2020. Under the FCSA Credit Facility, the Company has the right to select from the several LIBOR based interest rate options with respect to each of the Term Loan and the Revolving Term Loan. As of June 30, 2015 , there was $41.0 million outstanding under the FCSA Credit Facility with $20.5 million available under the Revolving Term Loan. Bunge Effective June 23, 2014, the Company amended and restated its Subordinated Term Loan Note by and between the Company and Bunge (the “ Bunge Term Loan Note ”). On December 22, 2014, the Company paid in full to Bunge the entire $19.9 million of subordinated debt then outstanding to Bunge under the Bunge Term Lo an Note. Interest on the Bunge subordinated debt was $0 and $724 thousand for the three months ended June 30, 2015 and 2014 , respectively and $297 thousand and $2.2 million for the nine months ended June 30, 2015 and 2014 , respectively. ICM Effective June 23, 2014, the Company amended and restated its Subordinated Term Loan Note by and between the Company and ICM, Inc. (the “ ICM Term Loan Note ”). On December 22, 2014, the Company paid in full to ICM the entire $6.8 million of subordinated debt then outstanding to ICM under the ICM Term Loan Note. Interest on the ICM subordinated debt was $0 and $249 thousand for the three months ended June 30, 2015 and 2014 , respectively and $102 thousand and $761 thousand for the nine months ended June 30, 2015 and 2014 , respectively. Notes payable Notes payable consists of the following: June 30, 2015 September 30, 2014 (000's) (000's) Term Loan payable to FSCA bearing interest at LIBOR plus 3.35% (3.54% at June 30, 2015) $ 25,500 $ 30,000 Term Revolver Loan payable to FSCA bearing interest at LIBOR plus 3.35% (3.54% at June 30, 2015) 15,496 — Note payable to affiliate Bunge — 19,865 Note payable to affiliate ICM — 6,847 Other 4,888 212 45,884 56,924 Less Current Maturities 6,494 6,052 Total Long Term Debt $ 39,390 $ 50,872 The approximate aggregate maturities of notes payable as of June 30, are as follows: 2016 $ 6,494 2017 6,645 2018 6,515 2019 6,537 2020 2,058 2021 and Thereafter 17,635 Total $ 45,884

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company used various methods including market, income and cost approaches. Based on these approaches, the Company often utilized certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observable inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: Level 1 - Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. Level 3 - Valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value, including the general classifications of such instruments pursuant to the valuation hierarchy, is set below. Put Option liability . The put option liability consists of an agreement between the Company and ICM that contains a conditional obligation to repurchase feature. In accordance with accounting for put options as a liability, the Company calculated the fair value of the put option under Level 3, using a valuation model. Using this model, the estimated value between the issue date and June 30, 2015 increased by $0.6 million . Future unrealized gains and losses related to the change in fair value of the put option liability are included in other expense on the Statement of Operations. Derivative financial instruments . Commodity futures and exchange traded options are reported at fair value utilizing Level 1 inputs. For these contracts, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes and live trading levels from the Chicago Mercantile Exchange (“ CME ”) market. Ethanol contracts are reported at fair value utilizing Level 2 inputs from third-party pricing services. Forward purchase contracts are reported at fair value utilizing Level 2 inputs. For these contracts, the Company obtains fair value measurements from local grain terminal values. The fair value measurements consider observable data that may include live trading bids from local elevators and processing plants which are based on the CME market. The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and September 30, 2014 , categorized by the level of the valuation inputs within the fair value hierarchy: June 30, 2015 Level 1 Level 2 Level 3 Assets: Derivative financial instruments $ 72 $ 477 $ — Liabilities: Derivative financial instruments 1,039 — — Put option liability — — 5,300 September 30, 2014 Level 1 Level 2 Level 3 Assets: Derivative financial instruments $ 844 $ — $ — Liabilities: Derivative financial instruments — 2,707 — The following table summarizes the assumptions used in computing the fair value of the put options subject to fair value accounting at the date of issue and during the three months ended June 30, 2015 Put option assumptions: Expected dividend yield — % Risk-free interest rate 0.62 % Expected volatility 50 % Expected life (years) 2 Exercise price $10,897 Company stock price $6,500 The following table reflects the activity for liabilities measured at fair value using Level 3 inputs as of June 30, 2015 : Balance as of September 30, 2014 $ — Put Option Issued December 17, 2014 4,700 Balance as of December 31, 2014 $ 4,700 Change in Value - 9 months ending June 30, 2015 600 Balance as of June 30, 2015 $ 5,300

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jun. 30, 2015
Related Party Transaction, Due from (to) Related Party [Abstract]
Related Party Transactions	Related Party Transactions Bunge On December 5, 2014, the Company entered into an Amended and Restated Ethanol Purchase Agreement (the “ Ethanol Agreement ”) with Bunge. Under the Ethanol Agreement, the Company has agreed to sell Bunge all of the ethanol produced by the Company, and Bunge has agreed to purchase the same. The Company will pay Bunge a percentage fee for ethanol sold by Bunge, subject to a minimum and maximum annual fee. The initial term of the Ethanol Agreement expires on December 31, 2019, however it will automatically renew for one five -year term unless Bunge provides the Company with notice of election to terminate. The Company has incurred ethanol marketing expenses of $242 thousand and $351 thousand during the three months ended June 30, 2015 and 2014 , respectively and $788 thousand and $1.0 million during the nine months ended June 30, 2015 and 2014 , respectively. The Company and Bunge also entered into an Amended and Restated Grain Feedstock Agency Agreement on December 5, 2014 (the “ Agency Agreement ”). The Agency Agreement provides that Bunge will procure corn for the Company, the Company will pay Bunge a per bushel fee, subject to a minimum and maximum annual fee. The initial term of the Agency Agreement expires on December 31, 2019 and will automatically renew for one additional five year term unless Bunge provides notice of election to the Company to terminate. Expenses for corn procurement were $229 thousand and $333 thousand for the three months ended June 30, 2015 and 2014 , respectively and were $836 thousand and $993 thousand for the nine months ended June 30, 2015 and 2014 , respectively. Starting with the 2015 crop year, the Company is exploring using corn containing Syngenta Seeds, Inc.’s proprietary Enogen® technology (“ Enogen Corn ”) for a portion of its ethanol production needs. The Company will contract directly with growers to produce Enogen Corn for sale to the Company. Consistent with the Agency Agreement, the Company and Bunge entered into a Services Agreement regarding corn purchases (the “ Services Agreement ”). Under this agreement, the Company will originate all Enogen Corn contracts for its facility and Bunge will assist the Company with certain administrative matters related to Enogen Corn, including facilitating delivery to the facility. The Company will pay Bunge a per bushel service fee. The initial term of the Services Agreement expires on December 31, 2019 and will automatically renew for one additional five year term unless Bunge provides notice of election to the Company to terminate. There were no expenses for the Services Agreement for the three and nine months ended June 30, 2015 and 2014 . On December 5, 2014, the Company and Bunge entered into an Amended and Restated Distiller’s Grain Purchase Agreement (the “ DG Purchase Agreement ”). Under the DG Purchase Agreement, Bunge will purchase all distiller’s grains produced by the Company, and will receive a fee based on the net sale price of distillers grains, subject to a minimum and maximum annual fee. The initial term of the DG Purchase Agreement expires on December 31, 2019 and will automatically renew for one additional five year term unless Bunge provides notice of election to the Company to terminate. The Company has incurred distiller's grains marketing expenses of $388 thousand and $509 thousand during the three months ended June 30, 2015 and 2014 , respectively and expenses of $1.0 million and $1.5 million during the nine months ended June 30, 2015 and 2014 , respectively. The Company and Bunge executed a letter agreement (the “ Letter Agreement ”) on December 5, 2015, terminating the Corn Oil Agency Agreement dated as of November 12, 2010 (the " Corn Oil Agency Agreement ") by and between the Company and Bunge and the Risk Management Services Agreement by and between the Company and Bunge dated as of December 15, 2008. Expenses under this the terminated Corn Oil Agency Agreement were $0 and $63 thousand for the three months ended June 30, 2015 and 2014 , respectively, and expenses were $67 thousand and $173 thousand for the nine months ended June 30, 2015 and 2014 , respectively. On June 26, 2009, the Company executed a Railcar Agreement with Bunge for the lease of 325 ethanol cars and 300 hopper cars which are used for the delivery and marketing of ethanol and distillers grains. Under the Railcar Agreement, the Company leases railcars for terms lasting 120 months and continuing on a month to month basis thereafter. The Railcar Agreement will terminate upon the expiration of all railcar leases. Expenses under this agreement were $0.8 million for the three months ended June 30, 2015 and 2014 , net of subleases and accretion, respectively and expenses were $2.4 million and $2.5 million for the nine months ended June 30, 2015 and 2014 , respectively. The Company entered into a one year sublease for 147 hoppers with Bunge that will expire September 14, 2015. The Company has subleased another 54 hopper cars to an unrelated third party, which expires March 25, 2019. The Company continues to work with Bunge to determine the need for ethanol and hopper cars in light of current market conditions, and the expected conditions in 2015 and beyond. The Company believes we will be able to fully utilize our fleet of hopper cars in the future, to allow us to cost-effectively ship distillers grains to distant markets, primarily the export markets. ICM In connection with the payoff of the ICM subordinated debt, the Company entered into the SIRE ICM Unit Agreement dated December 17, 2014 (the “ Unit Agreement ”). Under the Unit Agreement, the Company has agreed to grant ICM the right to sell to the Company its 1,000 Series C and 18 Series A Membership Units (the “ ICM Units ”) commencing anytime during the earliest of several alternative dates and events at the greater of $10,897 per unit or the fair market value (as defined in the agreement) on the date of exercise. The Company recorded an expense of $0.0 for the three months ended June 30, 2015 and $5.3 million for the nine months ended June 30, 2015 in conjunction with this put right under the Unit Agreement (the "Loss from debt extinguishment" and the "Change in fair value of put option liability" ). In the three months ended June 30, 2015 there was no significant change in the fair market value of the units in the Unit Agreement.

Major Customers

Major Customers	9 Months Ended
	Jun. 30, 2015
Major Customers [Abstract]
Major Customers	Major Customer The Company is party to the Ethanol and DG Purchase Agreements with Bunge for the exclusive marketing, selling, and distributing of all the ethanol, distillers grains, and syrup produced by the Company. Until December 5, 2014, the Company was also a party to the Corn Oil Agency Agreement with Bunge providing for the purchase by Bunge of all corn oil produced by the Company. Revenues from Bunge were $55.8 million and $86.3 million for the three months ended June 30, 2015 and 2014 , respectively and $178.6 million and $244.6 million for the nine months ended June 30, 2015 and 2014 , respectively.

Summary Of Significant Accoun13

Summary Of Significant Accounting Policies (Policy)	9 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis Of Presentation And Other Information	Basis of Presentation and Other Information The accompanying financial statements as of and for the three and nine months ended June 30, 2015 and 2014 are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. These unaudited financial statements and notes should be read in conjunction with the audited financial statements and notes thereto, for the fiscal year ended September 30, 2014 contained in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods presented are not necessarily indicative of the results for the entire year.
Use Of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Revenue Recognition	Revenue Recognition The Company sells ethanol and related products pursuant to marketing agreements. Revenues are recognized when the marketing company (the “ customer ”) has taken title to the product, prices are fixed or determinable and collectability is reasonably assured. The Company’s ethanol sales are handled through an ethanol purchase agreement (the “ Ethanol Agreement ”) with Bunge North America, Inc. (“ Bunge ”). Syrup and distillers grain (co-products) are sold through a distillers grains agreement (the “ DG Agreement ”) with Bunge, based on market prices. Marketing fees, agency fees, and commissions due to the marketer are paid separately from the settlement for the sale of the ethanol products and co-products and are included as a component of cost of goods sold. Shipping and handling costs incurred by the Company for the sale of ethanol and co-products are included in cost of goods sold. Corn oil is sold directly by the Company to various customers.
Accounts Receivable	Accounts Receivable Trade accounts receivable are recorded at original invoice amounts less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Most of the trade accounts are with Bunge. Management determines the allowance for doubtful accounts by regularly evaluating customer receivables and considering customer’s financial condition, credit history and current economic conditions. As of June 30, 2015 and September 30, 2014 , management had determined no allowance was necessary. Receivables are written off when deemed uncollectable and recoveries of receivables written off are recorded when received.
Investment In Commodities Contracts, Derivative Instruments And Hedging Activities	Investment in Commodities Contracts, Derivative Instruments and Hedging Activities The Company’s operations and cash flows are subject to fluctuations due to changes in commodity prices. The Company is subject to market risk with respect to the price and availability of corn, the principal raw material used to produce ethanol and ethanol by-products. Exposure to commodity price risk results from the Company’s dependence on corn in the ethanol production process. In general, rising corn prices might result in lower profit margins and, therefore, represent unfavorable market conditions. The availability and price of corn is subject to wide fluctuations due to unpredictable factors such as weather conditions, farmer planting decisions, governmental policies with respect to agriculture and international trade and global demand and supply. To minimize the risk and the volatility of commodity prices, primarily related to corn and ethanol, the Company uses various derivative instruments, including forward corn, ethanol, and distillers grains purchase and sales contracts, over-the-counter and exchange-traded futures and option contracts. From time to time, when market conditions are appropriate, the Company will enter into derivative contracts to hedge its exposure to price risk related to forecasted corn needs and forward corn purchase contracts. Management has evaluated the Company’s contracts to determine whether the contracts are derivative instruments. Certain contracts that literally meet the definition of a derivative may be exempted from derivative accounting as normal purchases or normal sales. Normal purchases and normal sales are contracts that provide for the purchase or sale of something other than a financial instrument or derivative instrument that will be delivered in quantities expected to be used or sold over a reasonable period in the normal course of business. The Company applies the normal sale exemption to forward contracts relating to ethanol, distillers grains, and corn oil and therefore these forward contracts are not marked to market. As of June 30, 2015 , the Company was committed to sell 2.8 million gallons of ethanol, 52.5 thousand tons of distillers grains and 3.9 million pounds of corn oil. Corn purchase contracts are treated as derivative financial instruments. Changes in market value of forward corn contracts, which are marked to market each period, are included in costs of goods sold. As of June 30, 2015 , the Company was committed to purchasing 2.4 million bushels of corn on a forward contract basis resulting in a total commitment of $9.2 million . In addition the Company was committed to purchase 40.0 thousand bushels of corn on basis contracts. The Company also enters into short-term options and futures contracts as a means of managing exposure to changes in commodity prices. The Company enters into derivative contracts to hedge the exposure to volatile commodity price fluctuations. The Company maintains a risk management strategy that uses derivative instruments to minimize significant, unanticipated earnings fluctuations caused by market volatility. The Company’s specific goal is to protect itself from large moves in commodity costs. All derivatives are designated as non-hedge derivatives and the contracts will be accounted for at fair value. Although the contracts will be effective economic hedges of specified risks, they are not designated as and accounted for as hedging instruments. Derivatives not designated as hedging instruments along with cash held by brokers at June 30, 2015 and September 30, 2014 at market value are as follows: Balance Sheet Classification June 30, 2015 September 30, 2014 in 000's in 000's Futures and option contracts In gain position $ 72 $ 844 In loss position (1,039 ) — Cash held by (due to) broker 696 (221 ) Current asset (liability) (271 ) 623 Forward contracts, corn Current asset 477 — Forward contracts, corn, related party Current liability — 2,707 Net futures, options, and forward contracts $ 206 $ (2,084 ) The net realized and unrealized gains and losses on the Company’s derivative contracts for the three and nine months ended June 30, 2015 and 2014 consist of the following (in thousands of dollars): Three Months Ended Nine Months Ended Statement of Operations Classification June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Net realized and unrealized (gains) losses related to: Forward purchase corn contracts Cost of Goods Sold $ (1,703 ) $ 2,713 $ (3,875 ) $ 3,873 Futures and option corn contracts Cost of Goods Sold 951 492 1,314 1,669 Futures and option ethanol contracts Revenue — 1,146 — 1,146
Inventory	Inventory Inventory is stated at the lower of cost or market value using the average cost method. Market value is based on current replacement values, to the extent that it does not exceed net realizable values and it is not less than the net realizable values reduced by an allowance for normal profit margin.
Net (Loss) Per Unit	Income Per Unit Basic income per unit is calculated by dividing net income by the weighted average units outstanding for each period. Diluted income per unit is adjusted for convertible debt, using the treasury stock method and the put option using the reverse treasury stock method. Basic earnings and diluted per unit data were computed as follows (in thousands except per unit data): Three Months Ended Nine Months Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Numerator: Net income for basic earnings per unit $ 6,091 $ 5,560 $ 13,009 $ 35,569 Interest expense on convertible term note — 686 399 2,146 Change in fair value of put option liability — — 600 — Net income for diluted earnings per unit $ 6,091 $ 6,246 $ 14,008 $ 37,715 Denominator: Weighted average units outstanding - basic 13,327 13,205 13,327 13,164 Weighted average units outstanding - diluted 14,039 25,234 16,522 25,424 Income per unit - basic $ 457.04 $ 421.05 $ 976.14 $ 2,701.99 Income per unit - diluted $ 433.86 $ 247.52 $ 847.84 $ 1,483.44

Summary Of Significant Accoun14

Summary Of Significant Accounting Policies (Tables)	9 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]	Three Months Ended Nine Months Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Numerator: Net income for basic earnings per unit $ 6,091 $ 5,560 $ 13,009 $ 35,569 Interest expense on convertible term note — 686 399 2,146 Change in fair value of put option liability — — 600 — Net income for diluted earnings per unit $ 6,091 $ 6,246 $ 14,008 $ 37,715 Denominator: Weighted average units outstanding - basic 13,327 13,205 13,327 13,164 Weighted average units outstanding - diluted 14,039 25,234 16,522 25,424 Income per unit - basic $ 457.04 $ 421.05 $ 976.14 $ 2,701.99 Income per unit - diluted $ 433.86 $ 247.52 $ 847.84 $ 1,483.44
Schedule Of Derivatives Not Designated As Hedging Instruments	Derivatives not designated as hedging instruments along with cash held by brokers at June 30, 2015 and September 30, 2014 at market value are as follows: Balance Sheet Classification June 30, 2015 September 30, 2014 in 000's in 000's Futures and option contracts In gain position $ 72 $ 844 In loss position (1,039 ) — Cash held by (due to) broker 696 (221 ) Current asset (liability) (271 ) 623 Forward contracts, corn Current asset 477 — Forward contracts, corn, related party Current liability — 2,707 Net futures, options, and forward contracts $ 206 $ (2,084 )
Schedule of Derivative Instruments [Table Text Block]	The net realized and unrealized gains and losses on the Company’s derivative contracts for the three and nine months ended June 30, 2015 and 2014 consist of the following (in thousands of dollars): Three Months Ended Nine Months Ended Statement of Operations Classification June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Net realized and unrealized (gains) losses related to: Forward purchase corn contracts Cost of Goods Sold $ (1,703 ) $ 2,713 $ (3,875 ) $ 3,873 Futures and option corn contracts Cost of Goods Sold 951 492 1,314 1,669 Futures and option ethanol contracts Revenue — 1,146 — 1,146

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Components Of Inventory	Inventory is comprised of the following: June 30, 2015 September 30, 2014 (000's) (000's) Raw Materials - corn $ 4,304 $ 2,395 Supplies and Chemicals 3,103 2,783 Work in Process 1,613 1,392 Finished Goods 6,283 5,591 Total $ 15,303 $ 12,161

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Jun. 30, 2015
Notes Payable [Abstract]
Components Of Notes Payable	Notes payable consists of the following: June 30, 2015 September 30, 2014 (000's) (000's) Term Loan payable to FSCA bearing interest at LIBOR plus 3.35% (3.54% at June 30, 2015) $ 25,500 $ 30,000 Term Revolver Loan payable to FSCA bearing interest at LIBOR plus 3.35% (3.54% at June 30, 2015) 15,496 — Note payable to affiliate Bunge — 19,865 Note payable to affiliate ICM — 6,847 Other 4,888 212 45,884 56,924 Less Current Maturities 6,494 6,052 Total Long Term Debt $ 39,390 $ 50,872
Aggregate Maturities Of Notes Payable	The approximate aggregate maturities of notes payable as of June 30, are as follows: 2016 $ 6,494 2017 6,645 2018 6,515 2019 6,537 2020 2,058 2021 and Thereafter 17,635 Total $ 45,884

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	The following table reflects the activity for liabilities measured at fair value using Level 3 inputs as of June 30, 2015 : Balance as of September 30, 2014 $ — Put Option Issued December 17, 2014 4,700 Balance as of December 31, 2014 $ 4,700 Change in Value - 9 months ending June 30, 2015 600 Balance as of June 30, 2015 $ 5,300
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis	The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and September 30, 2014 , categorized by the level of the valuation inputs within the fair value hierarchy: June 30, 2015 Level 1 Level 2 Level 3 Assets: Derivative financial instruments $ 72 $ 477 $ — Liabilities: Derivative financial instruments 1,039 — — Put option liability — — 5,300 September 30, 2014 Level 1 Level 2 Level 3 Assets: Derivative financial instruments $ 844 $ — $ — Liabilities: Derivative financial instruments — 2,707 —
Financial Instruments Subject to Mandatory Redemption Disclosure [Table Text Block]	The following table summarizes the assumptions used in computing the fair value of the put options subject to fair value accounting at the date of issue and during the three months ended June 30, 2015 Put option assumptions: Expected dividend yield — % Risk-free interest rate 0.62 % Expected volatility 50 % Expected life (years) 2 Exercise price $10,897 Company stock price $6,500

Nature Of Business (Details)

Nature Of Business (Details) gal in Millions	9 Months Ended
	Jun. 30, 2015gal
Nature Of Business [Abstract]
Production, Number Of Gallons	125

Summary Of Significant Accoun19

Summary Of Significant Accounting Policies (Narrative) (Details) $ / shares in Units, lb in Millions, gal in Millions, bu in Millions	3 Months Ended		6 Months Ended	9 Months Ended
	Jun. 30, 2015USD ($)lb$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares	Mar. 31, 2015USD ($)bu	Jun. 30, 2015USD ($)Tlb$ / sharessharesgal	Jun. 30, 2014USD ($)$ / sharesshares	Sep. 30, 2014USD ($)
Summary Of Significant Accounting Policies [Line Items]
Derivative Asset	$ 72,000			$ 72,000
Allowance for Doubtful Accounts Receivable	0			$ 0
Forward Contracts, Corn, Hedged Basis | bu			2.4
Production, Number Of Gallons | gal				125
Sale of ethanol (in gallons) | gal				2.8
Debt Instrument, Convertible, Interest Expense	0	$ 686,000		$ 399,000	$ 2,146,000
Stock or Unit Option Plan Expense	0	0		600,000	0
Net Income (Loss) Available to Common Stockholders, Basic	6,091,000	5,560,000			35,569,000
Net Income (Loss) Attributable to Parent	6,091,000	5,560,000		13,009,000	35,569,000
Net Income (Loss) Available to Common Stockholders, Diluted	$ 6,091,000	$ 6,246,000		$ 14,008,000	$ 37,715,000
Weighted Average Number of Shares Outstanding, Basic | shares	13,327	13,205		13,327	13,164
Weighted Average Number of Shares Outstanding, Diluted | shares	14,039	25,234		16,522	25,424
Earnings Per Share, Basic | $ / shares	$ 457.04	$ 421.05		$ 976.14	$ 2,701.99
Earnings Per Share, Diluted | $ / shares	$ 433.86	$ 247.52		$ 847.84	$ 1,483.44
Sale of distillers, grains, and solubles (in tons) | T				52,500
Total purchase commitment of corn (in bushels) | bu			0
Total purchase commitment			$ 9,200,000
Realized & unrealized hedging (gains)	$ (752,000)	$ 3,205,000		$ (2,561,000)	$ 5,542,000
Net realized and unrealized (gains) losses	$ 752,000	(3,205,000)		$ 2,561,000	(5,542,000)
Corn Oil [Member]
Summary Of Significant Accounting Policies [Line Items]
Total Commitment to Sale of Corn Oil (pounds) | lb	3.9			3.9
corn [Member] | Future And Option Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Realized & unrealized hedging (gains)	$ (951,000)	(492,000)		$ (1,314,000)	(1,669,000)
Net realized and unrealized (gains) losses	951,000	492,000		1,314,000	1,669,000
corn [Member] | Forward Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Realized & unrealized hedging (gains)	1,703,000	(2,713,000)		3,875,000	(3,873,000)
Net realized and unrealized (gains) losses	(1,703,000)	2,713,000		(3,875,000)	3,873,000
ethanol [Member] | Future And Option Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Realized & unrealized hedging (gains)	0	(1,146,000)		0	(1,146,000)
Net realized and unrealized (gains) losses	0	$ 1,146,000		0	$ 1,146,000
Fair Value, Inputs, Level 2 [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Asset						$ 0
Derivative Liability						2,707,000
Fair Value, Inputs, Level 2 [Member] | corn [Member] | Forward Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Liability			0
Related Party [Member] | corn [Member] | Forward Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Asset						0
Derivative Liability			$ 0			$ 2,707,000
Related Party [Member] | Fair Value, Inputs, Level 2 [Member] | corn [Member] | Forward Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Asset	$ 477,000			$ 477,000

Summary Of Significant Accoun20

Summary Of Significant Accounting Policies (Schedule Of Derivatives Not Designated As Hedging Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Sep. 30, 2014
Summary Of Significant Accounting Policies [Line Items]
Net realized and unrealized (gains) losses	$ 752	$ (3,205)	$ 2,561	$ (5,542)
Derivative Assets	(72)		(72)
Derivative Assets (Liabilities), at Fair Value, Net					$ 206	$ (2,084)
In Gain Position [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Assets						(844)
In loss position [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Assets					1,039	0
Cash Held By Broker [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Assets					(696)	221
Future And Option Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net					(271)	623
Fair Value, Inputs, Level 1 [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Assets						(844)
Derivative Liability	1,039		1,039			0
corn [Member] | Future And Option Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Net realized and unrealized (gains) losses	951	492	1,314	1,669
corn [Member] | Forward Contracts [Member]
Summary Of Significant Accounting Policies [Line Items]
Net realized and unrealized (gains) losses	$ (1,703)	$ 2,713	$ (3,875)	$ 3,873
corn [Member] | Forward Contracts [Member] | Related Party [Member]
Summary Of Significant Accounting Policies [Line Items]
Derivative Assets						0
Derivative Liability					$ 0	$ 2,707

Summary Of Significant Accoun21

Summary Of Significant Accounting Policies (Schedule Of Property And Equipment) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Allowance for Doubtful Accounts Receivable	$ 0		$ 0
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	752,000	$ (3,205,000)	$ 2,561,000	$ (5,542,000)
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life			40 years
Process Equipment - Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life			10 years
Process Equipment - Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life			20 years
Office Equipment - Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life			3 years
Office Equipment - Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life			7 years
ethanol [Member] | Future And Option Contracts [Member]
Property, Plant and Equipment [Line Items]
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	$ 0	$ 1,146,000	$ 0	$ 1,146,000

Inventory (Components Of Invent

Inventory (Components Of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Inventory Disclosure [Abstract]
Raw Materials - corn	$ 4,304	$ 2,395
Supplies and Chemicals	3,103	2,783
Work in Process	1,613	1,392
Finished Goods	6,283	5,591
Inventory	$ 15,303	$ 12,161

Revolving Loan_Credit Agreeme23

Revolving Loan/Credit Agreements (AgStar and Bunge) (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Debt Instrument [Line Items]
Long-term Debt	$ 45,884,000		$ 45,884,000		$ 56,924,000
Debt Instrument, Increase, Accrued Interest			$ 0	$ (2,018,000)
Capital Leases Payable [Member]
Debt Instrument [Line Items]
Fixed interest rate	3.088%		3.088%
Note Payable - Bunge, N.A. [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum			7.50%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum			10.50%
Variable interest rate			7.897%
Line of Credit Facility, Amount Outstanding	$ 0		$ 0
Debt Instrument, Description of Variable Rate Basis			LIBOR plus 7.50 to 10.5%
Bunge [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum			6.25%
Debt Instrument, Increase, Accrued Interest	0	$ 724,000	$ 297,000	2,200,000
Variable interest rate			6.4826%
Line of Credit Facility, Amount Outstanding					19,865,000
Debt Instrument, Description of Variable Rate Basis			LIBOR plus 6.25%
Note Payable - ICM (Member)
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum			7.50%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum			10.50%
Debt Instrument, Increase, Accrued Interest	0	$ 249,000	$ 102,000	$ 761,000
Variable interest rate			7.897%
Line of Credit Facility, Amount Outstanding	0		$ 0		$ 6,847,000
Debt Instrument, Description of Variable Rate Basis			LIBOR plus 7.50 to 10.5%
FSCA [Member]
Debt Instrument [Line Items]
Term Loan	30,000,000		$ 30,000,000
Term Revolver, Face Amount	36,000,000		36,000,000
Debt Instrument, Periodic Payment, Principal			1,500,000
Debt Instrument, Periodic Principal Reduction			6,000,000
Term Loan, Outstanding Amount	41,000,000		41,000,000
Term Revolver, Outstanding Amount	$ 20,500,000		$ 20,500,000

Revolving Loan_Credit Agreeme24

Revolving Loan/Credit Agreements (ICM) (Narrative) (Details) - Line of Credit Facility, Lender [Domain] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Debt Instrument [Line Items]
Long-term Debt	$ 45,884		$ 45,884		$ 56,924
Accrued interest			0	$ (2,018)
Gains (Losses) on Extinguishment of Debt	0	$ 10,128	$ 4,700	10,128
ICM [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum			6.25%
Debt Instrument, Description of Variable Rate Basis			LIBOR plus 6.25%
Note Payable - ICM (Member)
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum			7.50%
Debt Instrument, Description of Variable Rate Basis			LIBOR plus 7.50 to 10.5%
Line of Credit Facility, Amount Outstanding	0		$ 0		$ 6,847
Accrued interest	$ 0	$ 249	$ 102	$ 761

Notes Payable (Components Of No

Notes Payable (Components Of Notes Payable) (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Notes Payable [Line Items]
Long-term Debt	$ 45,884,000	$ 56,924,000
Less current maturities	(6,494,000)	(6,052,000)
Total long term debt	39,390,000	50,872,000
FSCA [Member]
Notes Payable [Line Items]
Term Loan	30,000,000
Term Revolver, Face Amount	36,000,000
Debt Instrument, Periodic Payment, Principal	$ 1,500,000
Capital Leases Payable [Member]
Notes Payable [Line Items]
Fixed interest rate	3.088%
FSCA - Term Facility [Member]
Notes Payable [Line Items]
Reference rate	LIBOR plus 3.35%
Bearing interest rate	3.50%
Stated interest rate, minimum	3.35%
ICM [Member]
Notes Payable [Line Items]
Reference rate	LIBOR plus 6.25%
Bearing interest rate	6.4826%
Stated interest rate, minimum	6.25%
Term Loan payable to FSCA bearing interest at LIBOR plus 3.35% (3.54% at June 30, 2015)
Notes Payable [Line Items]
Debt Instrument, Face Amount	$ 300,000
Line of Credit Facility, Amount Outstanding	25,500,000	30,000,000
Debt Instrument, Periodic Payment, Principal	2,500
Other
Notes Payable [Line Items]
Line of Credit Facility, Amount Outstanding	$ 4,888,000	212,000
Reference rate	LIBOR plus 7.50 to 10.5%
Bearing interest rate	7.897%
Stated interest rate, minimum	7.50%
Stated interest rate, maximum	10.50%
Bunge [Member]
Notes Payable [Line Items]
Line of Credit Facility, Amount Outstanding		19,865,000
Reference rate	LIBOR plus 6.25%
Bearing interest rate	6.4826%
Stated interest rate, minimum	6.25%
FSCA [Member]
Notes Payable [Line Items]
Term Loan	$ 15,496,000	$ 0
FSCA - Term Revolver [Member]
Notes Payable [Line Items]
Reference rate	LIBOR plus 3.35%
Bearing interest rate	3.50%
Stated interest rate, minimum	3.35%

Notes Payable (Aggregate Maturi

Notes Payable (Aggregate Maturities Of Notes Payable) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Debt Disclosure [Abstract]
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 6,494
Long-term Debt, Maturities, Repayments of Principal in Year Two	6,645
Long-term Debt, Maturities, Repayments of Principal in Year Three	6,515
Long-term Debt, Maturities, Repayments of Principal in Year Four	6,537
Long-term Debt, Maturities, Repayments of Principal in Year Five	2,058
Long-term Debt, Maturities, Repayments of Principal after Year Five	17,635
Total	$ 45,884	$ 56,924

Fair Value Measurement (Financi

Fair Value Measurement (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2015	Sep. 30, 2014
Derivative [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)	$ 600		$ 5,300
Derivative Assets			72
Warrants Not Settleable in Cash, Fair Value Disclosure		$ 4,700	$ 5,300	$ 0
Warrants and rights outstanding, expected yield			0.00%
Warrants and rights outstanding, risk-free interest rate			0.62%
Warrants and rights outstanding, expected volatility			50.00%
Fair Value Assumptions, Expected Term			2 years
Fair Value Assumptions, Exercise Price			$ 10,897
Share Price			$ 6,500
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants		$ 4,700
Level 1 [Member]
Derivative [Line Items]
Derivative Assets				844
Liabilities: Derivative financial instruments			$ 1,039	0
Warrants Not Settleable in Cash, Fair Value Disclosure			0
Level 2 [Member]
Derivative [Line Items]
Derivative Assets				0
Liabilities: Derivative financial instruments				2,707
Warrants Not Settleable in Cash, Fair Value Disclosure			0
Level 3 [Member]
Derivative [Line Items]
Derivative Assets			0	0
Liabilities: Derivative financial instruments			0	$ 0
Warrants Not Settleable in Cash, Fair Value Disclosure			$ 5,300

Related Party Transactions (Bun

Related Party Transactions (Bunge) (Narrative) (Details) $ in Thousands	3 Months Ended			6 Months Ended		9 Months Ended
	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Related Party Transaction [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)		$ 600				$ 5,300
Agreement period						120 months
Gains (Losses) on Extinguishment of Debt	$ 0		$ (10,128)			$ (4,700)	$ (10,128)
Bunge [Member]
Related Party Transaction [Line Items]
number of railcars, subleased						147
Gavilon [Member]
Related Party Transaction [Line Items]
number of railcars, subleased						54
Ethanol Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	242		351			$ 788	1,000
Total Renewal Periods				1
Related Party Renewal Period						5 years
Ethanol Cars [Member]
Related Party Transaction [Line Items]
Number of railcars						325
Hopper Cars [Member]
Related Party Transaction [Line Items]
Number of railcars						300
Railcar Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		$ 800		$ 2,400
DG Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	388		509	$ 1,000	$ 1,500
Total Renewal Periods						1
Related Party Renewal Period						5 years
Grain Feedstock Agency Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	229		333			$ 836	993
Total Renewal Periods						1
Related Party Renewal Period						5 years
Corn Oil Agency Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 0		$ 63			$ 67	$ 173
Enogen Corn [Member]
Related Party Transaction [Line Items]
Total Renewal Periods						1
Related Party Renewal Period						5 years

Related Party Transactions (ICM

Related Party Transactions (ICM) (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Related Party Transaction [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)		$ 600	$ 5,300
Capital Units, Outstanding	13,327		13,327
Increase (Decrease) in Put Options	$ 0		$ (600)	$ 0
ICM [Member]
Related Party Transaction [Line Items]
Redemption Price			$ 10,897
Capital Unit Class C [Member]
Related Party Transaction [Line Items]
Capital Units, Outstanding	1,000		1,000
Capital Unit Class C [Member] | ICM [Member]
Related Party Transaction [Line Items]
Capital Units, Outstanding	1,000		1,000
Capital Unit, Class A [Member]
Related Party Transaction [Line Items]
Capital Units, Outstanding	8,993		8,993
Capital Unit, Class A [Member] | ICM [Member]
Related Party Transaction [Line Items]
Capital Units, Outstanding	18		18

Major Customers (Details)

Major Customers (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Bunge [Member]
Revenue, Major Customer [Line Items]
Revenue from Related Parties	$ 55.8	$ 86.3	$ 178.6	$ 244.6