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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Jan. 31, 2022
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 and the line items on the Consolidated Balance Sheets in which the fair values are reflected (in thousands):
|  | Asset Derivatives Fair Value at January 31, |  |  | Liability Derivatives Fair Value at January 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Commodity futures (1) |  | $ | - |  |  | $ | - |  |  | $ | 933 |  |  | $ | 1,794 |
Forward purchase contracts (2) |  | $ | 993 |  |  | $ | 2,144 |  |  | $ | - |  |  | $ | - |
(1) | Commodity futures assets are included in prepaid expenses and other. Commodity futures liabilities are included in accrued expenses and other current liabilities. These contracts are short/sell positions for approximately 7.4 million bushels and 6.9 million bushels of corn at January 31, 2022 and 2021, respectively.
(2) | Forward purchase contracts assets are included in prepaid expenses and other. Forward purchase contracts liabilities are included in accrued expenses and other current liabilities. These contracts are for purchases of approximately 19.2 million bushels and 6.4 million bushels of corn at January 31, 2022 and 2021, respectively.

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