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Inventories
6 Months Ended
Jun. 30, 2018
Inventory, Net [Abstract]  
Inventories
Inventories
Major classes of inventories are as follows:
(in thousands)
June 30,
2018
 
December 31,
2017
 
June 30,
2017
Grain
$
385,118

 
$
505,217

 
$
373,863

Ethanol and co-products
22,828

 
11,003

 
14,041

Plant nutrients and cob products
82,230

 
126,962

 
69,365

Retail merchandise

 

 
906

Railcar repair parts
5,435

 
5,521

 
5,030

 
$
495,611

 
$
648,703

 
$
463,205



Inventories on the Condensed Consolidated Balance Sheets at June 30, 2018, December 31, 2017 and June 30, 2017 do not include 0.1 million, 1.0 million and 0.8 million bushels of grain, respectively, held in storage for others. The Company does not have title to the grain and is only liable for any deficiencies in grade or shortage of quantity that may arise during the storage period. Management has not experienced historical losses on any deficiencies and does not anticipate material losses in the future.