XML 59 R50.htm IDEA: XBRL DOCUMENT v3.25.3
Derivative Financial Instruments - Schedule of Fair Values for Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
Oct. 31, 2025
Jan. 31, 2025
Derivative Financial Instruments - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Derivative Asset $ 1,259 $ 2,485
Derivative Liability 615 378
Forward Contracts [Member]    
Derivative Financial Instruments - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Derivative Asset [1] 517 1,253
Derivative Liability [1] 615 378
Cash Collateral Balance [Member]    
Derivative Financial Instruments - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Derivative Asset [2] 1,114 2,523
Derivative Liability [2]
Commodity Contract [Member]    
Derivative Financial Instruments - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Derivative Asset [3] (372) (1,291)
Derivative Liability [3]
Net Position with Broker [Member]    
Derivative Financial Instruments - Schedule of Fair Values for Derivative Financial Instruments (Details) [Line Items]    
Derivative Asset 742 1,232
Derivative Liability
[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 8.6 million bushels and 16.8 million bushels of corn at October 31, 2025 and January 31, 2025, 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 5.7 million bushels and 7.6 million bushels of corn at October 31, 2025 and January 31, 2025, respectively.
[2] As of October 31, 2025 and January 31, 2025, 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 October 31, 2025 and January 31, 2025, the Company recorded this collateral balance 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 185,000 and 5.3 million bushels of corn, respectively at October 31, 2025. 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.