Company: REX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000930413-25-001069
Chunk: 1

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 1
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, the market price for distillers grains would be negatively impacted, which would have a negative impact on our ethanol
results of operations.

We extract distillers corn oil immediately
prior to the production of distillers grains. Several studies are attempting to determine whether distillers corn oil extraction
may impact the nutritional value of the resulting distillers grains. If it is determined that distillers corn oil extraction adversely
impacts the nutritional energy content of distillers grains, the value of the distillers grains we sell may be negatively impacted,
which would have a negative impact on our results of operations.

We face significant
competition in the ethanol industry.