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COMMITMENTS AND CONTINGENCIES
3 Months Ended
Apr. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

Note 13.  Commitments and Contingencies


The Company is involved in various legal actions arising in the normal course of business. After taking into consideration legal counsels’ evaluations of such actions, management is of the opinion that their outcome will not have a material adverse effect on the Company’s Consolidated Condensed Financial Statements.


One Earth and NuGen have combined forward purchase contracts for approximately 14.4 million bushels of corn, the principal raw material for their ethanol plants. They expect to take delivery of the grain through September 2017.


One Earth and NuGen have combined sales commitments for approximately 113.6 million gallons of ethanol, approximately 53,000 tons of distillers grains and approximately 14.1 million pounds of non-food grade corn oil. They expect to deliver the ethanol through December 2017 and expect to deliver the distillers grains and non-food grade corn oil through June 2017.