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Commitments and Contingencies
 6 Months Ended
Jul. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

Note 12. Commitments and Contingencies


The Company is involved in various legal actions arising in the normal course of business. After taking into consideration legal counsels’ evaluations of such actions, management is of the opinion that their outcome will not have a material adverse effect on the Company’s Consolidated Condensed Financial Statements.


One Earth and NuGen have combined forward purchase contracts for approximately 8.2 million bushels of corn, the principal raw material for their ethanol plants. They expect to take delivery of the grain through December 2016.


One Earth and NuGen have combined sales commitments for approximately 37.2 million gallons of ethanol, approximately 61,000 tons of distillers grains and approximately 9.9 million pounds of non-food grade corn oil. They expect to deliver the ethanol, distillers grains and non-food grade corn oil through September 2016.