Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 114

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 2
Chunk 114
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 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 
     295,000  
     Gallons  
    $51,422 

    Corn 
     102,100  
     Bushels  
    $42,626 

    Distillers Grains 
     718  
     Tons  
    $8,588 

    Distillers Corn Oil 
     85,000  
     Pounds  
    $3,934 

    Natural Gas 
     7,400  
     MmBtu  
    $2,329 

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.

36

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 

The following table provides information
with respect to