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Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Aug. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of gross fair values of derivative assets, derivative liabilities, and margin deposits (cash collateral) The following tables present the gross fair values of derivative assets, derivative liabilities and margin deposits (cash collateral) recorded on our Consolidated Balance Sheets, along with related amounts permitted to be offset in accordance with U.S. GAAP. Although we have certain netting arrangements for our exchange-traded futures and options contracts and certain OTC contracts, we have elected to report our derivative instruments on a gross basis on our Consolidated Balance Sheets under ASC Topic 210-20, Balance Sheet - Offsetting.
August 31, 2022
Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting
Gross Amounts RecognizedCash CollateralDerivative InstrumentsNet Amounts
 (Dollars in thousands)
Derivative assets
Commodity derivatives$464,167 $— $3,834 $460,333 
Foreign exchange derivatives52,923 — 8,901 44,022 
Total$517,090 $— $12,735 $504,355 
Derivative liabilities
Commodity derivatives$378,291 $1,424 $12,574 $364,293 
Foreign exchange derivatives12,649 — 8,901 3,748 
Total$390,940 $1,424 $21,475 $368,041 
August 31, 2021
Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting
Gross Amounts RecognizedCash CollateralDerivative InstrumentsNet Amounts
 (Dollars in thousands)
Derivative assets
Commodity derivatives$532,832 $— $4,174 $528,658 
Foreign exchange derivatives19,429 — 5,582 13,847 
Other derivatives16,488 — — 16,488 
Total$568,749 $— $9,756 $558,993 
Derivative liabilities
Commodity derivatives$444,861 $2,485 $4,174 $438,202 
Foreign exchange derivatives8,506 — 5,582 2,924 
Total$453,367 $2,485 $9,756 $441,126 
Pretax gains (losses) on derivatives not accounted for as hedging instruments The following table sets forth the pretax (losses) gains on derivatives not accounted for as hedging instruments that have been included in our Consolidated Statements of Operations for the years ended August 31, 2022, 2021 and 2020:
Derivative TypeLocation of
(Loss) Gain		202220212020
  (Dollars in thousands)
Commodity derivativesCost of goods sold$(568,877)$(971,581)$89,248 
Foreign exchange derivativesCost of goods sold9,587 25,277 (184,692)
Foreign exchange derivativesMarketing, general and administrative expenses577 1,105 (2,986)
Interest rate derivativesInterest expense— — (1,226)
Other derivativesOther income2,057 2,489 2,634 
Total $(556,656)$(942,710)$(97,022)
Schedule of notional volumes for outstanding commodity contracts The table below presents the notional volumes for all outstanding commodity contracts:
 20222021
Derivative TypeLongShortLongShort
 (Units in thousands)
Grain and oilseed (bushels)609,300 773,239 666,726851,582
Energy products (barrels)10,541 5,706 9,8817,656
Processed grain and oilseed (tons)1,191 4,182 5593,418
Crop nutrients (tons)23 22 6612
Ocean freight (metric tons)60 — 210—
Natural gas (MMBtu)420 — — — 
Schedule of fair value of derivative interest rate swap instruments designated as fair value hedges The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the line items on our Consolidated Balance Sheets in which they are recorded as of August 31, 2022 and 2021:
Derivative AssetsDerivative Liabilities
Balance Sheet Location20222021Balance Sheet Location20222021
(Dollars in thousands)(Dollars in thousands)
Other current assets$27,154 $11,874 Other current liabilities$11,818 $1,001 
Schedule of pretax gains (losses) on derivatives accounted for as hedging instruments The following table presents the pretax losses recorded in other comprehensive income relating to cash flow hedges for the years ended August 31, 2022, 2021 and 2020:
202220212020
 (Dollars in thousands)
Commodity derivatives$(2,071)$(7,824)$(2,596)