

	Fair Value Measurements at March 31, 2014
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Reclassification for Balance Sheet
	(Level 1)		(Level 2)		Presentation		Total
Assets:
Cash and cash equivalents	$	207,034	$	-	$	-	$	207,034
Restricted cash		22,893		-		-		22,893
Margin deposits		130,425		-		(130,425)		-
Inventories carried at market		-		24,959		-		24,959
Unrealized gains on derivatives		58,091		10,783		(31,653)		37,221
Other assets (1)		2,319		-		-		2,319
Total assets measured at fair value	$	420,762	$	35,742	$	(162,078)	$	294,426

Liabilities:
Unrealized losses on derivatives	$	162,078	$	37,793	$	(162,078)	$	37,793
Other		25		-		-		25
Total liabilities measured at fair value	$	162,103	$	37,793	$	(162,078)	$	37,818

(1) Represents long-term restricted cash related to the $22.0 million revenue bond of Green Plains Bluffton.



	Fair Value Measurements at December 31, 2013
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Reclassification for Balance Sheet
	(Level 1)		(Level 2)		Presentation		Total
Assets:
Cash and cash equivalents	$	272,027	$	-	$	-	$	272,027
Restricted cash		26,994		-		-		26,994
Margin deposits		77,102		-		(77,102)		-
Inventories carried at market		-		23,782		-		23,782
Unrealized gains on derivatives		3,629		18,712		26,295		48,636
Other assets (1)		2,200		-		-		2,200
Total assets measured at fair value	$	381,952	$	42,494	$	(50,807)	$	373,639

Liabilities:
Unrealized losses on derivatives	$	50,807	$	4,612	$	(50,807)	$	4,612
Other		9		-		-		9
Total liabilities measured at fair value	$	50,816	$	4,612	$	(50,807)	$	4,621

(1) Represents long-term restricted cash related to the $22.0 million revenue bond of Green Plains Bluffton.