Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 144

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part II, Item 1
Chunk 144
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 Safety Disclosures

Not Applicable

Item 5. Other Information

Not Applicable

Item 6. Exhibits

The following exhibits are filed
with this report:

    31
    Rule 13a-14(a)/15d-14(a) Certifications

    32
    Section 1350 Certifications

    101  
    The following information from REX American
    Resources Corporation Quarterly Report on Form 10-Q for the quarter ended April 30, 2025,
    formatted in iXBRL: (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements
    of Equity, (iv) Consolidated Statements of Cash Flows and (v) Notes to Consolidated Financial Statements.

38

SIGNATURES

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

    REX American Resources Corporation
    Registrant

    Signature
     
    Title
     
    Date

    /s/ Zafar A. Rizvi

(Zafar A. Rizvi)

    Chief Executive Officer and President

(Chief Executive Officer)

    June 4, 2025

    /s/ Douglas L. Bruggeman

(Douglas L. Bruggeman)

    Vice President, Finance and Treasurer

(Chief Financial Officer)

    June 4, 2025

39

Forward purchase contracts assets are included in “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets. These contracts are for purchases of approximately 8.1 million and 16.8 million bushels of corn at April 30, 2025 and January 31, 2025, 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 9.5 million and 7.6 million bushels of corn at April 30, 2025 and January 31, 2025, respectively.
As of April 30, 2025 and January 31, 2025, 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