Company: REX
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0000930413-25-002856
Chunk: 76

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-09-02
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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ting 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 July 31, 2025 and January 31, 2025, the Company recorded this collateral balance within “Prepaid 

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      expenses and other” on the accompanying Consolidated Balance Sheets.           (3) 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 6.2 million and 500,000 bushels of corn, respectively at July 31, 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 3.8 million gallons and 4.2 million gallons of ethanol at July 31, 2025 and January 31, 2025, respectively.             See Note 5 which contains fair value information related to derivative financial instruments. 

The following table provides information about gains
(losses) recognized in income on the Company’s derivative financial instruments and the line items on the accompanying Consolidated
Statements of Operations in which the fair values are reflected for the three and six months ended July 31, 2025 and 2024 (amounts in
thousands):

    Three Months Ended July 31,  
    Six Months Ended July 31, 

    2025  
    2024  
    2025  
    2024 

    Net sales 
    $201  
    $429  
    $218  
    $436 

    Cost of sales 
    $317  
    $(6,180) 
    $2,285  
    $(6,116)

Note 10. Investments 

Equity Method Investment
in Big River

The following table summarizes the Company’s
equity method investment at July 31, 2025 and January 31, 2025 (dollars in thousands):

    Carrying Amount 
  
    Entity 
    Ownership Percentage  
    July 31,