v3.26.1
Derivative Financial Instruments - Fair Values for Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Derivative Financial Instruments [Abstract]    
Derivative Asset $ 2,084 $ 893
Derivative Liability 625 529
Forward Purchase Contracts [Member]    
Derivative Financial Instruments [Abstract]    
Derivative Asset [1] 708 280
Derivative Liability [1] 625 529
Cash Collateral Balance [Member]    
Derivative Financial Instruments [Abstract]    
Derivative Asset [2] 2,026 180
Derivative Liability [2] 0 0
Commodity Futures [Member]    
Derivative Financial Instruments [Abstract]    
Derivative Asset [3] (650) 433
Derivative Liability [3] 0 0
Net Position with Broker [Member]    
Derivative Financial Instruments [Abstract]    
Derivative Asset 1,376 613
Derivative Liability $ 0 $ 0
[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 10.6 million and 8.8 million bushels of corn at April 30, 2026 and January 31, 2026, 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 13.1 million and 9.6 million bushels of corn at April 30, 2026 and January 31, 2026, respectively.
[2] As of April 30, 2026 and January 31, 2026, 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 April 30, 2026 and January 31, 2026, 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 6.9 million and 5.7 million bushels of corn, respectively, at April 30, 2026. These contracts also included short/sell positions for approximately 630,000 gallons of ethanol at April 30, 2026. These contracts included short/sell positions and long/buy positions for approximately 2.4 million and 1.8 million bushels of corn, respectively, at January 31, 2026.