| Summary of the fair value of financial instruments |
| | | | | | | | | | | | | | | June 30, 2026 | (Thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Green coffee associated with forward contracts | | $ | — | | $ | 66,777 | | $ | — | | $ | 66,777 | Coffee futures contracts | | | 49 | | | — | | | — | | | 49 | Commodity swaps | | | — | | | 1,617 | | | — | | | 1,617 | Options contracts(1) | | | 1,304 | | | — | | | — | | | 1,304 | Forward purchase and sales contracts | | | — | | | 21,476 | | | — | | | 21,476 | Total | | $ | 1,353 | | $ | 89,870 | | $ | — | | $ | 91,223 | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Forward purchase and sales contracts | | | — | | | 7,440 | | | — | | | 7,440 | Total | | $ | — | | $ | 7,440 | | $ | — | | $ | 7,440 |
1 – Options contracts include counterparty netting. | | | | | | | | | | | | | | | December 31, 2025 | (Thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Green coffee associated with forward contracts | | $ | — | | $ | 75,335 | | $ | — | | $ | 75,335 | Forward purchase and sales contracts | | | — | | | 15,049 | | | — | | | 15,049 | Total | | $ | — | | $ | 90,384 | | $ | — | | $ | 90,384 | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Coffee futures contracts | | $ | 110 | | $ | — | | $ | — | | $ | 110 | Commodity swaps | | | — | | | 8,235 | | | — | | | 8,235 | Options contracts(1) | | | 1,106 | | | 16,800 | | | — | | | 17,906 | Forward purchase and sales contracts | | | — | | | 2,349 | | | — | | | 2,349 | Total | | $ | 1,216 | | $ | 27,384 | | $ | — | | $ | 28,600 |
1 – Options contracts include counterparty netting.
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