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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Schedule Of Fair Values Of Derivative Financial Instruments

	Asset Derivatives'						Liability Derivatives'
	Fair Value at December 31,						Fair Value at December 31,
	2014			2013			2014			2013
Derivative financial instruments (1)	$	11,859	(2)	$	(28,466)	(3)	$	-		$	-
Other assets		3			-			-			-
Accrued and other liabilities		-			-			28,082			4,612
Total	$	11,862		$	(28,466)		$	28,082		$	4,612

(1) Derivative financial instruments as reflected on the balance sheet include a margin deposit assets of $24.5 million and $77.1 million at December 31, 2014 and 2013, respectively.

(2) Balance at December 31, 2014, includes $0.6 million of net unrealized losses on derivative financial instruments designated as cash flow hedging instruments.

(3) Balance at December 31, 2013, includes $47.1 million of net unrealized losses on derivative financial instruments designated as cash flow hedging instruments.

Schedule of Effective Portion of Cash Flow Hedges Recognized In Other Comprehensive Income (Loss)

Effective Portion of Cash Flow Hedges Recognized in		Year Ended December 31,
Other Comprehensive Income (Loss)		2014			2013			2012
Commodity Contracts		$	(299,684)		$	(138,589)		$	49,999

Schedule Of Gains (Losses) On Derivative Instruments Not Designated In Hedging Relationship [Member]

Schedule Of Gains (Losses) On Derivative Instruments Not Designated In Hedging Relationship

Gains (Losses) on Derivative Instruments Not		Year Ended December 31,
Designated in a Hedging Relationship		2014			2013			2012
Revenues		$	13,369		$	(10,855)		$	(6,206)
Cost of goods sold			165			12,701			(12,050)
Net increase (decrease) recognized in earnings before tax		$	13,534		$	1,846		$	(18,256)

Schedule Of Gain (Loss) Due To Ineffectiveness Of Cash Flow Hedges [Member]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Gains (Losses) Due to Ineffectiveness		Year Ended December 31,
of Cash Flow Hedges		2014			2013			2012
Revenues		$	(326)		$	(84)		$	(10)
Cost of goods sold			481			(490)			-
Net increase (decrease) recognized in earnings before tax		$	155		$	(574)		$	(10)

Schedule Of Gains (Losses) Reclassified From Accumulated Other Comprehensive Income (Loss) Into Net Income (Loss) [Member]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Gains (Losses) Reclassified from Accumulated Other Comprehensive Income (Loss)		Year Ended December 31,
into Net Income		2014			2013			2012
Revenues		$	(257,730)		$	(96,736)		$	(17,318)
Cost of goods sold			(43,853)			(25,852)			56,848
Net increase (decrease) recognized in earnings before tax		$	(301,583)		$	(122,588)		$	39,530

Schedule Of Gain (Loss) From Fair Value Hedges Of Ethanol Inventory [Member]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Gains (Losses) from Fair Value		Year Ended December 31,
Hedges of Inventory		2014			2013			2012
Cost of goods sold (effect of change in inventory value)		$	304		$	102		$	-
Cost of goods sold  (effect of fair value hedge)			2,612			674			-
Ineffectiveness recognized in earnings before tax		$	2,916		$	776		$	-

Schedule Of Volumes of Open Commodity Derivative Positions [Member]

Schedule Of Open Positition Derivative Financial Instruments

December 31, 2014
		Exchange Traded		Non-Exchange Traded
Derivative Instruments		Net Long & (Short) (1)		Long (2)		(Short) (2)		Unit of Measure		Commodity
Futures		(4,410)						Bushels		Corn, Soybeans and Wheat
Futures		3,675	(3)					Bushels		Corn
Futures		(9,010)	(4)					Bushels		Corn
Futures		46,410						Gallons		Ethanol
Futures		(82,950)	(3)					Gallons		Ethanol
Futures		958						mmBTU		Natural Gas
Futures		(4,318)	(4)					mmBTU		Natural Gas
Futures		1,320						Pounds		Cattle
Futures		(37,040)	(3)					Pounds		Cattle
Futures		(2,700)						Pounds		Soybean Oil
Options		(2,461)						Bushels		Corn, Soybeans and Wheat
Options		(15,095)						Gallons		Ethanol
Options		(30)						mmBTU		Natural Gas
Forwards				19,041		(16,251)		Bushels		Corn and Soybeans
Forwards				8,046		(160,901)		Gallons		Ethanol
Forwards				104		(461)		Tons		Distillers Grains
Forwards				3,744		(60,490)		Pounds		Corn Oil
Forwards				9,310		(876)		mmBTU		Natural Gas

(1) Exchange traded futures and options are presented on a net long and (short) position basis. Options are presented on a delta-adjusted basis.

(2) Non-exchange traded forwards are presented on a gross long and (short) position basis including both fixed-price and basis contracts.

(3) Futures used for cash flow hedges.

(4) Futures used for fair value hedges

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Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

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