Inventories



	November 30, 2015		August 31, 2015
	(Dollars in thousands)
Grain and oilseed	$	1,469,816	$	966,923
Energy	712,566		785,116
Crop nutrients	310,645		369,105
Feed and farm supplies	553,563		465,744
Processed grain and oilseed	61,173		48,078
Other	19,154		17,378
Total inventories	$	3,126,917	$	2,652,344

As of November 30, 2015, we valued approximately 13% of inventories, primarily related to our Energy segment, using the lower of cost, determined on the LIFO method, or market (18% as of August 31, 2015). If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $22.6 million and $68.1 million at November 30, 2015 and August 31, 2015, respectively. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Interim LIFO calculations are based on management's estimates of expected year-end inventory levels and costs, and are subject to the final year-end LIFO inventory valuation.