Inventories

9 Months Ended

Sep. 30, 2018

Inventory, Net [Abstract]

Inventories

Inventories

Major classes of inventories are as follows:

(in thousands)	September 30, 2018		December 31, 2017		September 30, 2017
Grain	$	324,232	$	505,217	$	342,837
Ethanol and co-products	15,419		11,003		12,502
Plant nutrients and cob products	145,363		126,962		114,131
Retail merchandise	—		—		718
Railcar repair parts	5,317		5,521		5,414
	$	490,331	$	648,703	$	475,602

Inventories on the Condensed Consolidated Balance Sheets at December 31, 2017 and September 30, 2017 do not include 1.0 million and 1.0 million bushels of grain, respectively, held in storage for others. Inventories held in storage for others was di minims as of September 30, 2018. The Company does not have title to the grain and is only liable for any deficiencies in grade or shortage of quantity that may arise during the storage period. Management has not experienced historical losses on any deficiencies and does not anticipate material losses in the future.