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Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 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 (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, 2022		January 31, 2022		July 31, 2022		January 31, 2022

Commodity futures (1)	$	3,501	$	-	$	-	$	933
Forward purchase contracts (2)		-		993		3,461		-
Total	$	3,501	$	993	$	3,461	$	933

(1) Commodity futures assets are included in “Prepaid expenses and other current assets” on the accompanying Consolidated Condensed Balance Sheets. These contracts included short/sell positions and

(2) Forward contract liabilities, are included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets. These contracts were for purchases of approximately 12.3 million bushels of corn at July 31, 2022. Forward purchase contracts assets are included in prepaid expenses and other current assets. These contracts were for purchases of approximately 19.2 million bushels of corn at January 31, 2022.