Summary of Significant Accounting Policies (Tables)

3 Months Ended

Nov. 30, 2012

Accounting Policies [Abstract]

Purchase and Sales Contracts

As of November 30, 2012, August 31, 2012 and November 30, 2011, we had the following outstanding purchase and sales contracts:

	November 30, 2012		August 31, 2012		November 30, 2011
	Purchase Contracts	Sales Contracts	Purchase Contracts	Sales Contracts	Purchase Contracts	Sales Contracts
	(Units in thousands)
Grain and oilseed - bushels	674,866	1,018,510	722,895	1,074,535	573,239	825,374
Energy products - barrels	7,483	19,817	9,047	19,561	8,687	13,338
Soy products - tons	21	360	15	215	14	285
Crop nutrients - tons	1,270	1,428	600	725	829	1,122
Ocean and barge freight - metric tons	1,288	210	1,018	183	1,101	341

Schedule of Derivative Assets and Liabilities Not Designated as Hedging Instruments

As of November 30, 2012, August 31, 2012 and November 30, 2011, the gross fair values of our derivative assets and liabilities not designated as hedging instruments were as follows:

	November 30, 2012		August 31, 2012		November 30, 2011
			(Dollars in thousands)
Derivative Assets:
Commodity and freight derivatives	$	632,544	$	1,070,800	$	641,890
Foreign exchange derivatives	3,140		978		15
	$	635,684	$	1,071,778	$	641,905
Derivative Liabilities:
Commodity and freight derivatives	$	518,377	$	727,946	$	540,426
Foreign exchange derivatives	6,234		2,388
Interest rate derivatives	483		544		595
	$	525,094	$	730,878	$	541,021

Schedule of Derivative Instruments, Gain (Loss) in Consolidated Statements of Operations

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 three months ended November 30, 2012 and 2011.

	Location of Gain (Loss)	2012			2011
		(Dollars in thousands)
Commodity and freight derivatives	Cost of goods sold	$	(328,284	)	$	(50,933	)
Foreign exchange derivatives	Cost of goods sold	(1,685		)	686
Interest rate derivatives	Interest, net	(9		)
		$	(329,978	)	$	(50,247	)

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated annual amortization expense related to intangible assets subject to amortization for the next five years is as follows:

	(Dollars in thousands)
Year 1	$	10,666
Year 2	7,078
Year 3	6,134
Year 4	5,875
Year 5	4,537
Thereafter	9,176
	$	43,466