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Segment Information
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operations include three reportable business segments that are distinguished primarily on the basis of products and services offered as well as the structure of management. The Trade business includes commodity merchandising and the operation of terminal grain elevator facilities. The Renewables business produces ethanol and co-products through its four co-owned and fully consolidated ethanol production facilities as well as purchases and sells ethanol and ethanol co-products. The Nutrient & Industrial (formerly Plant Nutrient) business manufactures and distributes plant nutrient products such as agricultural inputs, primarily fertilizers and turf care products along with industrial products such as deicers, dust abatement solutions and corncob-based products. The segment was rebranded in 2023 to reflect the portfolio of market offerings in the segment. The Other category includes other corporate level costs not attributable to an operating segment and intercompany eliminations between the segments.

The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. The Company does not have any customers who represent 10 percent or more of total revenues.
 Three months ended June 30,Six months ended June 30,
(in thousands)2023202220232022
Revenues from external customers
Trade$2,696,810 $3,097,767 $5,574,590 $6,182,448 
Renewables877,781 882,567 1,717,297 1,565,798 
Nutrient & Industrial445,592 470,283 609,534 680,325 
Total$4,020,183 $4,450,617 $7,901,421 $8,428,571 

 Three months ended June 30,Six months ended June 30,
(in thousands)2023202220232022
Income before income taxes from continuing operations
Trade$4,990 $23,666 $44,354 $27,335 
Renewables (a)66,604 67,776 (15,909)73,738 
Nutrient & Industrial42,565 38,311 32,127 49,054 
Other(9,741)(11,600)(21,155)(21,367)
Total$104,418 $118,153 $39,417 $128,760 
(a) Includes income (loss) attributable to noncontrolling interests of $27.6 million and $21.9 million for the three months ended June 30, 2023 and 2022, respectively, and $(16.7) million and $22.3 million for the six months ended June 30, 2023 and 2022, respectively.