

	Fair Value Measurements at June 30, 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	$	333,379	$	-	$	-	$	333,379
Restricted cash		41,278		-		-		41,278
Margin deposits		69,387		-		(69,387)		-
Inventories carried at market		-		20,099		-		20,099
Unrealized gains on derivatives		6,914		29,282		26,468		62,664
Other assets		119		-		-		119
Total assets measured at fair value	$	451,077	$	49,381	$	(42,919)	$	457,539

Liabilities:
Unrealized losses on derivatives	$	34,820	$	20,184	$	(42,919)	$	12,085
Total liabilities measured at fair value	$	34,820	$	20,184	$	(42,919)	$	12,085



	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.