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Derivative Financial Instruments and Hedging Activities (Tables)
9 Months Ended
May 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Gross Fair Values of Derivative Assets Along with Related Amounts Permitted to be Offset
The following tables present the gross fair values of derivative assets, derivative liabilities and related margin deposits (cash collateral) recorded on our Condensed 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 over-the-counter ("OTC") contracts, we have elected to report our derivative instruments on a gross basis on our Condensed Consolidated Balance Sheets under ASC Topic 210-20, Balance Sheet-Offsetting.
May 31, 2026
Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting
Gross Amount RecognizedCash CollateralDerivative InstrumentsNet Amount
Derivative assets(Dollars in thousands)
Commodity derivatives$252,466 $— $99,615 $152,851 
Foreign exchange derivatives67,830 — 6,308 61,522 
Total$320,296 $— $105,923 $214,373 
Derivative liabilities
Commodity derivatives$528,092 $543 $100,793 $426,756 
Foreign exchange derivatives8,153 — 6,308 1,845 
Total$536,245 $543 $107,101 $428,601 

August 31, 2025
Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting
Gross Amount RecognizedCash CollateralDerivative InstrumentsNet Amount
Derivative assets(Dollars in thousands)
Commodity derivatives$130,491 $— $10,715 $119,776 
Foreign exchange derivatives43,527 — 9,379 34,148 
Total$174,018 $— $20,094 $153,924 
Derivative liabilities
Commodity derivatives$166,122 $232 $10,715 $155,175 
Foreign exchange derivatives11,771 — 9,379 2,392 
Total$177,893 $232 $20,094 $157,567 
Schedule of Gross Fair Values of Liabilities Along with Related Amounts Permitted to be Offset
The following tables present the gross fair values of derivative assets, derivative liabilities and related margin deposits (cash collateral) recorded on our Condensed 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 over-the-counter ("OTC") contracts, we have elected to report our derivative instruments on a gross basis on our Condensed Consolidated Balance Sheets under ASC Topic 210-20, Balance Sheet-Offsetting.
May 31, 2026
Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting
Gross Amount RecognizedCash CollateralDerivative InstrumentsNet Amount
Derivative assets(Dollars in thousands)
Commodity derivatives$252,466 $— $99,615 $152,851 
Foreign exchange derivatives67,830 — 6,308 61,522 
Total$320,296 $— $105,923 $214,373 
Derivative liabilities
Commodity derivatives$528,092 $543 $100,793 $426,756 
Foreign exchange derivatives8,153 — 6,308 1,845 
Total$536,245 $543 $107,101 $428,601 

August 31, 2025
Amounts Not Offset on Condensed Consolidated Balance Sheet but Eligible for Offsetting
Gross Amount RecognizedCash CollateralDerivative InstrumentsNet Amount
Derivative assets(Dollars in thousands)
Commodity derivatives$130,491 $— $10,715 $119,776 
Foreign exchange derivatives43,527 — 9,379 34,148 
Total$174,018 $— $20,094 $153,924 
Derivative liabilities
Commodity derivatives$166,122 $232 $10,715 $155,175 
Foreign exchange derivatives11,771 — 9,379 2,392 
Total$177,893 $232 $20,094 $157,567 
Schedule of Pretax Gains (Losses) on Derivatives Not Accounted for as Hedging Instruments The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Condensed Consolidated Statements of Operations for the three and nine months ended May 31, 2026 and 2025.
Three Months Ended May 31,Nine Months Ended May 31,
Location of Gain (Loss)2026202520262025
(Dollars in thousands)
Commodity derivativesCost of goods sold$(132,075)$(32,997)$(250,694)$16,547 
Foreign exchange derivativesCost of goods sold14,011 33,703 24,496 37,713 
Foreign exchange derivativesMarketing, general and administrative expenses356 2,927 613 2,859 
Total$(117,708)$3,633 $(225,585)$57,119 
Schedule of Notional Volumes for Commodity Contracts The table below presents the notional volumes for all outstanding commodity contracts.
 May 31, 2026August 31, 2025
LongShortLongShort
 (Units in thousands)
Grain and oilseed (bushels)651,221 943,050 468,345702,025
Energy products (barrels)14,232 11,716 10,0596,687
Processed grain and oilseed (tons)1,028 2,161 1,1682,429
Crop nutrients (tons)27 2932
Natural gas (metric million Btu)240 — 180
Schedule of Fair Value of Commodity Derivatives Designated as Cash Flow Hedges 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,
2026
August 31,
2025
Balance Sheet LocationMay 31,
2026
August 31,
2025
(Dollars in thousands)(Dollars in thousands)
Other current assets$4,927 $5,197 Other current liabilities$1,869 $1,786 
Schedule of Pretax Gains (Losses) Recorded in Other Comprehensive Income (Loss) Relating to Cash Flow Hedges The following table presents the pretax gains (losses) recorded in other comprehensive income relating to cash flow hedges for the three and nine months ended May 31, 2026 and 2025.
Three Months Ended May 31,Nine Months Ended May 31,
2026202520262025
 (Dollars in thousands)
Commodity derivatives$1,766 $(841)$(353)$988 
Schedule of Pretax Gains (Losses) Related to Cash Flow Hedges Reclassified from Accumulated Other Comprehensive Income (Loss) The following table presents the pretax gains 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, 2026 and 2025.
Three Months Ended May 31,Nine Months Ended May 31,
Location of Gain2026202520262025
  (Dollars in thousands)
Commodity derivativesCost of goods sold$1,033 $2,485 $4,928 $10,582