Company: REX
Filing Date: 2025-12-04
Form Type: 10-Q
Source: 0000930413-25-003566
Chunk: 103

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-12-04
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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effect on pre-tax income for the twelve months following October 31, 2025 is as follows, assuming normal operating capacity (amounts
in thousands):

    Commodity 
    Estimated Total Volume for 12 Months 
    Unit of Measure 
     
    Decrease in Pre-tax Income From a 10%
    Adverse Change in Price 

    Ethanol 
    308,000 
    Gallons 
     
                            $47,058 

    Corn 
    106,600 
    Bushels 
     
    $39,978 

    Distillers Grains 
    732 
    Tons 
     
    $8,393 

    Distillers Corn Oil 
    100,000 
    Pounds 
     
    $5,131 

    Natural Gas 
    7,400 
    MmBtu 
     
    $2,340 

Item 4. Controls and Procedures

Our management evaluated, with the participation
of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures, as of
the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer
concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in
the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within
the time periods specified in the Securities and Exchange Commission’s rules and forms and is accumulated and communicated
to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosure.

There were no changes in our internal control
over financial reporting that occurred during our last fiscal quarter that have materially affected, or are reasonably likely to
materially affect, our internal control over financial reporting.

40

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

We are, from time to time, involved in various
legal proceedings incidental to the conduct of our business. We believe that any current proceedings will not have a material adverse
effect on our financial condition or results of operations.

Item 1A. Risk Factors

There have been no material changes to the
risk factors discussed in our Annual Report on Form 10-K for the year ended January 31, 2025.

Item 2. Unregistered Sales of Equity Securities and Use
of Proceeds