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Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Aug. 31, 2024
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 related 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, 2024
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$165,709 $— $2,522 $163,187 
Foreign exchange derivatives9,029 — 7,100 1,929 
Total$174,738 $— $9,622 $165,116 
Derivative liabilities
Commodity derivatives$221,803 $1,601 $2,522 $217,680 
Foreign exchange derivatives24,476 — 7,100 17,376 
Total$246,279 $1,601 $9,622 $235,056 
August 31, 2023
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$280,440 $— $4,866 $275,574 
Foreign exchange derivatives32,402 — 12,330 20,072 
Total$312,842 $— $17,196 $295,646 
Derivative liabilities
Commodity derivatives$349,131 $1,505 $4,866 $342,760 
Foreign exchange derivatives13,799 — 12,330 1,469 
Total$362,930 $1,505 $17,196 $344,229 
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, 2024, 2023 and 2022:
Derivative TypeLocation of
(Loss) Gain		202420232022
  (Dollars in thousands)
Commodity derivativesCost of goods sold$5,380 $(360,937)$(568,877)
Foreign exchange derivativesCost of goods sold(31,874)(30,898)9,587 
Foreign exchange derivativesMarketing, general and administrative expenses(2,897)(530)577 
Other derivativesOther income— — 2,057 
Total $(29,391)$(392,365)$(556,656)
Schedule of notional volumes for outstanding commodity contracts The table below presents the notional volumes for all outstanding commodity contracts:
 20242023
Derivative TypeLongShortLongShort
 (Units in thousands)
Grain and oilseed (bushels)385,426 517,883 506,654630,803
Energy products (barrels)8,438 5,014 11,8398,085
Processed grain and oilseed (tons)3,600 6,193 7,3809,437
Crop nutrients (tons)73 14 7010
Ocean freight (metric tons)— — 40—
Natural gas (MMBtu)2,350 500 460 — 
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, 2024 and 2023:
Derivative AssetsDerivative Liabilities
Balance Sheet Location20242023Balance Sheet Location20242023
(Dollars in thousands)(Dollars in thousands)
Other current assets$5,226 $8,395 Other current liabilities$2,781 $5,345 
Schedule of pretax gains (losses) on derivatives accounted for as hedging instruments The following table presents the pretax losses recorded in other comprehensive income relating to cash flow hedges for the years ended August 31, 2024, 2023 and 2022:
202420232022
 (Dollars in thousands)
Commodity derivatives$(605)$(12,285)$(2,071)