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Revenues
9 Months Ended
May 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
    The following table presents revenues recognized under ASC Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"), disaggregated by operating segment, as well as the amount of revenues recognized under ASC Topic 815, Derivatives and Hedging ("ASC Topic 815") and other applicable accounting guidance for the three and nine months ended May 31, 2026 and 2025. Other applicable accounting guidance primarily includes revenues recognized under ASC Topic 470, Debt, and ASC Topic 842, Leases, that fall outside the scope of ASC Topic 606.
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Three Months Ended May 31, 2026(Dollars in thousands)
Energy$2,965,893 $342,086 $— $3,307,979 
Grains495,941 5,162,903 1,775 5,660,619 
Agronomy2,566,264 — — 2,566,264 
Corporate and Services32,266 — 14,961 47,227 
Total revenues$6,060,364 $5,504,989 $16,736 $11,582,089 
Three Months Ended May 31, 2025*
Energy$1,759,492 $155,604 $— $1,915,096 
Grains430,174 4,858,830 3,297 5,292,301 
Agronomy2,514,021 — — 2,514,021 
Corporate and Services31,681 — 13,322 45,003 
Total revenues$4,735,368 $5,014,434 $16,619 $9,766,421 
ASC Topic 606ASC Topic 815Other GuidanceTotal Revenues
Nine Months Ended May 31, 2026(Dollars in thousands)
Energy$6,970,635 $793,790 $— $7,764,425 
Grains1,436,315 14,610,786 5,960 16,053,061 
Agronomy4,836,342 — — 4,836,342 
Corporate and Services99,719 — 46,437 146,156 
Total revenues$13,343,011 $15,404,576 $52,397 $28,799,984 
Nine Months Ended May 31, 2025*
Energy$5,453,083 $573,325 $— $6,026,408 
Grains1,479,581 14,461,838 6,039 15,947,458 
Agronomy4,723,164 — — 4,723,164 
Corporate and Services117,587 — 42,107 159,694 
Total revenues$11,773,415 $15,035,163 $48,146 $26,856,724 
*Prior period amounts have been recast to align with our new product-line operating model.

Less than 1% of revenues accounted for under ASC Topic 606 included within the tables above are recorded over time and relate primarily to service contracts.

Contract Assets and Contract Liabilities

    Contract assets relate to unbilled amounts arising from goods that have already been transferred to customers where the right to payment is not conditional on the passage of time. This results in recognition of an asset as the amount of revenue recognized at a certain point in time exceeds the amount billed to customers. Contract assets are recorded in receivables within
our Condensed Consolidated Balance Sheets and were $16.1 million and $11.8 million as of May 31, 2026, and August 31, 2025, respectively.

Contract liabilities relate to advance payments received from customers for goods and services that we have yet to provide. Contract liabilities of $285.5 million and $179.6 million as of May 31, 2026, and August 31, 2025, respectively, are recorded within other current liabilities on our Condensed Consolidated Balance Sheets. For the three months ended May 31, 2026 and 2025, we recognized revenues of $18.5 million and $26.3 million related to contract liabilities, respectively. For the nine months ended May 31, 2026 and 2025, we recognized revenues of $128.1 million and $192.6 million related to contract liabilities, respectively. These amounts were included in the other current liabilities balance at the beginning of the respective period.