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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents the Company's assets and liabilities that are measured at fair value on a recurring basis at December 31, 2018 and 2017:
(in thousands)
December 31, 2018
Assets (liabilities)
Level 1
 
Level 2
 
Level 3
 
Total
Commodity derivatives, net (a)
37,229

 
(18,864
)
 
—

 
18,365

Provisionally priced contracts (b)
(76,175
)
 
(58,566
)
 
—

 
(134,741
)
Convertible preferred securities (c)
—

 
—

 
7,154

 
7,154

Other assets and liabilities (d)
5,186

 
(353
)
 
—

 
4,833

Total
$
(33,760
)
 
$
(77,783
)
 
$
7,154

 
$
(104,389
)
(in thousands)
December 31, 2017
Assets (liabilities)
Level 1
 
Level 2
 
Level 3
 
Total
Commodity derivatives, net (a)
18,603

 
(18,067
)
 
—

 
536

Provisionally priced contracts (b)
(98,190
)
 
(67,094
)
 
—

 
(165,284
)
Convertible preferred securities (c)
—

 
—

 
7,388

 
7,388

Other assets and liabilities (d)
9,705

 
(1,244
)
 
—

 
8,461

Total
$
(69,882
)
 
$
(86,405
)
 
$
7,388

 
$
(148,899
)

(a)
Includes associated cash posted/received as collateral
(b)
Included in "Provisionally priced contracts" are those instruments based only on underlying futures values (Level 1) and delayed price contracts (Level 2)
(c)
Recorded in “Other noncurrent assets” on the Company’s Consolidated Balance Sheets related to certain available for sale securities.
(d)
Included in other assets and liabilities are assets held by the Company to fund deferred compensation plans, ethanol risk management contracts, and foreign exchange derivative contracts (Level 1) and interest rate derivatives (Level 2).
Schedule of Reconciliation of Beginning and Ending Balances for the Company's Fair Value Measurements Using Level 3 Inputs A reconciliation of beginning and ending balances for the Company’s recurring fair value measurements using Level 3 inputs is as follows: 
 
Convertible Preferred Securities
(in thousands)
2018

2017
Assets (liabilities) at January 1,
$
7,388

 
$
3,294

New investments
1,086

 
3,750

Sales proceeds
(6,400
)
 
—

Gains (losses) included in earnings
3,900

 
—

Unrealized gains (losses) included in other comprehensive income
1,180

 
344

Assets (liabilities) at December 31,
$
7,154

 
$
7,388
Schedule of Summarized Information About Level 3 Fair Value Measurements The following tables summarize information about the Company's Level 3 fair value measurements as of December 31, 2018 and 2017:
Quantitative Information about Level 3 Fair Value Measurements
(in thousands)
Fair Value as of 12/31/18
 
Valuation Method
 
Unobservable Input
 
Weighted Average
Convertible preferred securities
$
7,154

 
Implied based on market prices
 
Various
 
N/A

(in thousands)
Fair Value as of 12/31/17
 
Valuation Method
 
Unobservable Input
 
Weighted Average
Convertible preferred securities
$
7,388

 
Implied based on market prices
 
Various
 
N/A
Real Property
$
29,347

 
Third-Party Appraisal
 
N/A
 
N/A
Schedule of Fair Value of Long-term Borrowings Outstanding Based upon the Company’s credit standing and current interest rates offered by the Company on similar bonds and rates currently available to the Company for long-term borrowings with similar terms and remaining maturities, the Company estimates the fair values of its fixed rate long-term debt instruments outstanding at December 31, 2018 and 2017, as follows: 
(in thousands)
Carrying Amount
 
Fair Value
 
Fair Value Hierarchy Level
2018
 
 
 
 
 
Fixed rate long-term notes payable
$
261,618

 
$
256,447

 
Level 2
Debenture bonds
27,324

 
26,154

 
Level 2
 
$
288,942

 
$
282,601

 
 
 
 
 
 
 
 
2017
 
 
 
 
 
Fixed rate long-term notes payable
$
275,989

 
$
275,340

 
Level 2
Debenture bonds
30,432

 
29,452

 
Level 2
 
$
306,421

 
$
304,792