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DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Fair Values for Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
Jan. 31, 2025
Jan. 31, 2024
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Asset Derivatives, Fair Value $ 2,485 $ 2,434
Liability Derivatives, Fair Value 378 802
Forward Contracts [Member]    
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Asset Derivatives, Fair Value [1] 1,253 579
Liability Derivatives, Fair Value [1] 378 802
Cash Collateral Balance [Member]    
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Asset Derivatives, Fair Value [2] 2,523 2,152
Liability Derivatives, Fair Value [2]
Commodity Contract [Member]    
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Asset Derivatives, Fair Value [3] (1,291) (297)
Liability Derivatives, Fair Value [3]
Net Position with Broker [Member]    
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Asset Derivatives, Fair Value 1,232 1,855
Liability Derivatives, Fair Value
[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 16.8 million and 9.3 million bushels of corn at January 31, 2025 and 2024, respectively. Forward purchase contracts liabilities are included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Balance Sheets. These contracts are for purchases of approximately 7.6 million and 8.2 million bushels of corn at January 31, 2025 and 2024, respectively.
[2] As of January 31, 2025, and 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 January 31, 2025 and 2024, the Company was required to maintain collateral with the counterparty in the amount of approximately $2,523,000 and $2,152,000, respectively, recorded within “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets.
[3] 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 6.3 million and 575,000 bushels of corn, respectively at January 31, 2025. These contracts also included short/sell positions for approximately 4.2 million gallons of ethanol at January 31, 2025. 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.