Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 62

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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    $378 

    Cash collateral balance (3) 
    $534  
    $2,523  
    $-  
    $- 

    Commodity futures (2) 
     669  
     (1,291)  
     -  
     - 

       Net position with broker 
    $1,203  
    $1,232  
    $-  
    $- 

    Total 
    $2,043  
    $2,485  
    $1,105  
    $378 

(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 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.

(2)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 6.0 million and 0.4 million
bushels of corn, respectively at April 30, 2025. These contracts included short/sell positions and long/buy positions for approximately
6.3 million and 575,000 bushels of corn, respectively, at January 31, 2025. These contracts also included short/sell positions
for approximately 4.2 million gallons of ethanol at both April 30, 2025 and January 31, 2025.

17

(3)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 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