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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
May 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements
May 31, 2023
Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting
Gross Amount RecognizedCash CollateralDerivative InstrumentsNet Amount
(Dollars in thousands)
Derivative assets
Commodity derivatives$443,518 $— $6,794 $436,724 
Foreign exchange derivatives39,623 — 10,815 28,808 
Total$483,141 $— $17,609 $465,532 
Derivative liabilities
Commodity derivatives$352,978 $1,905 $14,301 $336,772 
Foreign exchange derivatives13,261 — 10,815 2,446 
Total$366,239 $1,905 $25,116 $339,218 
August 31, 2022
Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting
Gross Amount RecognizedCash CollateralDerivative InstrumentsNet Amount
 (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 $368,041 
Derivatives Not Designated as Hedging Instruments The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Condensed Consolidated Statements of Operations for the three and nine months ended May 31, 2023 and 2022:
Three Months Ended May 31,Nine Months Ended May 31,
Location of Gain (Loss)2023202220232022
(Dollars in thousands)
Commodity derivativesCost of goods sold$(59,177)$(324,965)$(194,832)$(905,400)
Foreign exchange derivativesCost of goods sold(21,753)18,147 (23,792)58,438 
Foreign exchange derivativesMarketing, general and administrative expenses556 1,097 804 1,600 
Other derivativesOther income— 258 — 2,057 
Total
$(80,374)$(305,463)$(217,820)$(843,305)
Schedule of Derivative Instruments, Purchase and Sales Contracts all outstanding commodity contracts:
 May 31, 2023August 31, 2022
LongShortLongShort
 (Units in thousands)
Grain and oilseed (bushels)418,318 559,715 609,300773,239
Energy products (barrels)15,119 9,157 10,5415,706
Processed grain and oilseed (tons)5,672 11,324 1,1914,182
Crop nutrients (tons)76 15 2322
Ocean freight (metric tons)60 — 60—
Natural gas (metric million Btu)940 — 420—
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the locations on our Condensed Consolidated Balance Sheets in which they are recorded:
Derivative AssetsDerivative Liabilities
Balance Sheet LocationMay 31,
2023		August 31,
2022		Balance Sheet LocationMay 31,
2023		August 31,
2022
(Dollars in thousands)(Dollars in thousands)
Other current assets$4,698 $27,154 Other current liabilities$1,551 $11,818 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) The following table presents the pretax gains (losses) relating to our existing cash flow hedges that were reclassified from accumulated other comprehensive loss into our Condensed Consolidated Statements of Operations for the three and nine months ended May 31, 2023 and 2022:
Three Months Ended May 31,Nine Months Ended May 31,
Location of Gain (Loss)2023202220232022
  (Dollars in thousands)
Commodity derivativesCost of goods sold$2,590 $(5,482)$(13,468)$12,777 
Cash flow hedge gain (loss) recorded in other comprehensive income The following table presents the pretax losses recorded in other comprehensive income relating to cash flow hedges for the three and nine months ended May 31, 2023 and 2022:
Three Months Ended May 31,Nine Months Ended May 31,
2023202220232022
 (Dollars in thousands)
Commodity derivatives$(3,430)$(36,688)$(12,189)$(51,961)