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Inventories
 9 Months Ended
Sep. 30, 2024
Inventory, Net [Abstract]  
Inventories Inventories
Major classes of inventories are presented below. Readily Marketable Inventories ("RMI") are agricultural commodity inventories such as corn, soybeans, wheat, and ethanol co-products, among others, carried at net realizable value which approximates fair value based on their commodity characteristics, widely available market information, and pricing mechanisms. The net realizable value of RMI is calculated as the fair value (spot price of the commodity in an exchange), less cost of disposal and transportation based on the local market. All other inventories are held at lower of cost or net realizable value.
(in thousands)September 30,
2024		December 31,
2023		September 30,
2023
Grain and other agricultural products (a)$648,808 $886,725 $718,290 
Energy inventories (a)13,688 21,705 18,939 
Ethanol and co-products (a)80,577 104,349 94,375 
Plant nutrients and cob products141,266 153,921 153,688 
Total inventories$884,339 $1,166,700 $985,292 
(a) Includes RMI of $639.7 million, $862.5 million, and $708.2 million at September 30, 2024, December 31, 2023, and September 30, 2023, respectively.