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Derivative Financial Instruments (Tables) | 3 Months Ended
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Jul. 31, 2024
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 Balance Sheets in which the fair values are reflected (in thousands):
|  | Asset Derivatives Fair Value |  |  | Liability Derivatives Fair Value |
|  | July 31, 2024 |  |  | January 31, 2024 |  |  | July 31, 2024 |  |  | January 31, 2024 |
Forward purchase contracts (1) |  | $ | 4 |  |  | $ | 579 |  |  | $ | 4,643 |  |  | $ | 802 |
Cash collateral balance (3) |  | $ | 334 |  |  | $ | 2,152 |  |  | $ | - |  |  | $ | - |
Commodity futures (2) |  |  | 779 |  |  |  | (297) |  |  |  | - |  |  |  | - |
Net position with broker |  | $ | 1,113 |  |  | $ | 1,855 |  |  | $ | - |  |  | $ | - |
Total |  | $ | 1,117 |  |  | $ | 2,434 |  |  | $ | 4,643 |  |  | $ | 802 |
| (1) | Forward purchase contracts assets are included in “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets. These contracts are for purchases of approximately 0.9 million and 9.3 million bushels of corn at July 31, 2024 and January 31, 2024, respectively.
(2) Commodity futures assets and liabilities are included in “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets. These contracts included short/sell positions and long/buy positions for approximately 2.0 million and 2.1 million bushels of corn, respectively, at July 31, 2024. These contracts also included short/sell positions for approximately 1.5 million gallons of ethanol at July 31, 2024. These contracts included short/sell positions and long/buy positions for approximately 255,000 and 6.9 million bushels of corn, respectively, at January 31, 2024. These contracts also included short/sell positions for approximately 210,000 gallons of ethanol at January 31, 2024. (3) As of July 31, 2024 and January 31, 2024, all of the derivative financial instruments held by the Company were subject to enforceable master netting arrangements. The Company’s accounting policy is to offset position amounts owed or owing with the same counterparty. Depending on the amount of unrealized gains and losses on derivative contracts held by the Company, the counterparty may require collateral to secure the Company’s derivative contract positions. As of July 31, 2024 and January 31, 2024, the Company was required to maintain collateral with the counterparty in the amount of approximately $0.3 million and $2.2 million, respectively, recorded within “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets.

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- Definition Tabular disclosure of derivative assets at fair value. + References No definition available. + Details
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