The following tables present assets and liabilities, included on our Consolidated Balance Sheets, that are recognized at fair value on a recurring basis and indicate the fair value hierarchy utilized to determine these fair values. Assets and liabilities are classified in their entirety based on the lowest level of input that is a significant component of the fair value measurement. The lowest level of input is considered Level 3. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect classification of fair value assets and liabilities within the fair value hierarchy levels.

Recurring fair value measurements as of August 31, 2026 and 2025, are as follows:


	2026
	Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Commodity derivatives	$	541	$	502,709	$	—	$	503,250
Foreign exchange derivatives	—		31,239		—		31,239



Segregated investments and marketable securities	19,798		110,524		—		130,322

Other assets	89,090		—		—		89,090
Total	$	109,429	$	644,472	$	—	$	753,901
Liabilities
Commodity derivatives	$	5,227	$	540,170	$	—	$	545,397
Foreign exchange derivatives	—		4,757		—		4,757

Total	$	5,227	$	544,927	$	—	$	550,154


	2025
	Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Commodity derivatives	$	3,153	$	132,535	$	—	$	135,688
Foreign exchange derivatives	—		43,527		—		43,527
Segregated investments and marketable securities	34,303		135,675		—		169,978

Other assets	110,532		—		—		110,532
Total	$	147,988	$	311,737	$	—	$	459,725
Liabilities
Commodity derivatives	$	1,110	$	166,798	$	—	$	167,908
Foreign exchange derivatives	—		11,771		—		11,771

Total	$	1,110	$	178,569	$	—	$	179,679