v3.26.1
Inventories
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Inventories are carried at the lower of cost or net realizable value, except fair-value hedged inventories. There was a $1.5 million lower of cost or net realizable value inventory adjustment associated with finished goods in cost of goods sold within the ethanol production segment as of December 31, 2025.
The components of inventories are as follows (in thousands):
March 31,
2026
December 31,
2025
Finished goods$25,193 $24,891 
Commodities held for sale12,601 24,736 
Raw materials29,787 26,650 
Work-in-process9,656 9,597 
Supplies and parts62,172 62,221 
$139,409 $148,095