Fair Value (Tables)

3 Months Ended

Apr. 30, 2026

Financial assets and liabilities measured at fair value on a recurring basis at April 30, 2026 are summarized below (amounts in thousands):

	Level 1		Level 2		Level 3		Fair Value

Forward purchase contracts asset (1)	$	-	$	708	$	-	$	708
Commodity futures asset (2)		(650)		-		-		(650)
Total assets	$	(650)	$	708	$	-	$	58

Forward purchase contracts liability (3)	$	-	$	625	$	-	$	625

Financial assets and liabilities measured at fair value on a recurring basis at January 31, 2026 are summarized below (amounts in thousands):

	Level 1		Level 2		Level 3		Fair Value

Forward purchase contracts asset (1)	$	-	$	280	$	-	$	280
Commodity futures (2)		433		-		-		433
Total assets	$	433	$	280	$	-	$	713

Forward purchase contracts liability (3)	$	-	$	529	$	-	$	529

	(1)	The forward purchase contracts asset is included in “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets.
	(2)	The commodity futures assets and liabilities are netted with cash collateral due from broker and included in “Prepaid expenses and other” on the accompanying Consolidated Balance Sheets.
	(3)	The forward purchase contracts liability is included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Balance Sheets.

REX AMERICAN RESOURCES Corp 10-Q