Derivatives (Tables)

9 Months Ended

Sep. 30, 2011

Derivatives (Tables) [Abstract]

Estimated fair value of Company's commodity derivative instruments for cash collateral and associated cash as collateral

	September 30, 2011					December 31, 2010					September 30, 2010
(in thousands)	Net derivative asset position			Net derivative liability position		Net derivative asset position			Net derivative liability position		Net derivative asset position			Net derivative liability position
Collateral paid	$	—		$	—	$	166,589		$	—	$	161,274		$	—
															—
Collateral received		(60,247	)		—		—			—		—			—
Fair value of derivatives		139,882			—		(146,330	)		—		(102,662	)		—
Balance at end of period	$	79,635		$	—	$	20,259		$	—	$	58,612		$	—

The Company's Consolidated Statement of Income gains and location of line items

(in thousands)	Three months ended September 30, 2011		Nine months  ended September 30, 2011
Gains on commodity derivatives included in sales and merchandising revenues	$	16,076	$	119,743

Amounts of quantities outstanding included in commodity derivative contracts

Commodity	Number of bushels (in thousands)		Number of tons (in thousands)		Number of gallons (in thousands)
Non-exchange traded:
Corn		288,009		—		—
Soybeans		30,819		—		—
Wheat		6,618		—		—
Oats		12,988		—		—
Soymeal		—		—		—
Ethanol		—		—		156,364
Other		1,033		—		—
Subtotal		339,467		—		156,364
Exchange traded:
Corn		112,170		—		—
Soybeans		20,740		—		—
Wheat		47,705		—		—
Oats		3,845		—		—
Ethanol		—		—		31,059
Other		—		—		70
Subtotal		184,460		—		31,129
Total		523,927		—		187,493