v3.26.3
Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Aug. 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 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, 2026
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$500,760 $— $46,689 $454,071 
Foreign exchange derivatives31,239 — 4,076 27,163 
Total$531,999 $— $50,765 $481,234 
Derivative liabilities
Commodity derivatives$541,311 $4,944 $46,689 $489,678 
Foreign exchange derivatives4,757 — 4,076 681 
Total$546,068 $4,944 $50,765 $490,359 

August 31, 2025
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$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 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, 2026
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$500,760 $— $46,689 $454,071 
Foreign exchange derivatives31,239 — 4,076 27,163 
Total$531,999 $— $50,765 $481,234 
Derivative liabilities
Commodity derivatives$541,311 $4,944 $46,689 $489,678 
Foreign exchange derivatives4,757 — 4,076 681 
Total$546,068 $4,944 $50,765 $490,359 

August 31, 2025
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$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 Consolidated Statements of Operations for the years ended August 31, 2026, 2025 and 2024:
Derivative TypeLocation of
(Loss) Gain		202620252024
(Dollars in thousands)
Commodity derivativesCost of goods sold$16,271 $21,473 $5,380 
Foreign exchange derivativesCost of goods sold(6,769)39,681 (31,874)
Foreign exchange derivativesMarketing, general and administrative expenses(205)3,651 (2,897)
Total$9,297 $64,805 $(29,391)
Schedule of Notional Volumes for Commodity Contracts The table below presents the notional volumes for all outstanding commodity contracts:
20262025
Derivative TypeLongShortLongShort
(Units in thousands)
Grain and oilseed (bushels)642,907 935,987 468,345702,025
Energy products (barrels)8,090 6,812 10,0596,687
Processed grain and oilseed (tons)988 2,599 1,1682,429
Crop nutrients (tons)35 38 2932
Natural gas (MMBtu)660 — 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 line items on our Consolidated Balance Sheets in which they are recorded as of August 31, 2026 and 2025:
Derivative AssetsDerivative Liabilities
Balance Sheet Location20262025Balance Sheet Location20262025
(Dollars in thousands)(Dollars in thousands)
Other current assets$2,490 $5,197 Other current liabilities$4,086 $1,786 
Schedule of Pretax Gains (Losses) Recorded in Other Comprehensive Income (Loss) Relating to Cash Flow Hedges
The following table presents the pretax gains (losses) recorded in other comprehensive income relating to cash flow hedges for the years ended August 31, 2026, 2025 and 2024:
202620252024
(Dollars in thousands)
Commodity derivatives$(5,006)$965 $(605)
Schedule of Pretax Gains (Losses) Related to Cash Flow Hedges Reclassified from 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 Consolidated Statements of Operations for the years ended August 31, 2026, 2025 and 2024:
Location of
Gain (Loss) 		202620252024
(Dollars in thousands)
Commodity derivativesCost of goods sold$5,652 $16,672 $16,454