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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jul. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets at Fair Value [Table Text Block] The following table provides information about the fair values of the Company’s derivative financial instruments (that are not accounted for under the “normal purchases and normal sales” scope exemption of ASC 815) and the line items on the Consolidated Condensed Balance Sheets in which the fair values are reflected (in thousands):

   Asset Derivatives   Liability Derivatives 
   Fair Value   Fair Value 
   July 31,
2019
   January 31,
2019
   July 31,
2019
   January 31,
2019
 
                 
Commodity futures (1)  $30   $44   $   $ 
Forward purchase contracts (2)   75            22 
Total  $105   $44   $   $22 

(1) Commodity futures assets are included in prepaid expenses and other current assets. These contracts are short/sell positions for approximately 2.1 million bushels of corn and long/buy positions for approximately 1.0 million bushels of corn at July 31, 2019. These contracts are short/sell positions for approximately 2.0 million bushels of corn at January 31, 2019.

(2) Forward purchase contracts assets are included in prepaid expenses and other current assets. These contracts are for purchases of approximately 1.5 million bushels of corn at July 31, 2019. Forward purchase contracts liabilities are included in accrued expenses and other current liabilities. These contracts are for purchases of approximately 1.3 million bushels of corn at January 31, 2019.