Derivative Financial Instruments and Hedging Activities Derivative Financial Insturments and Hedging Activities (Tables)

9 Months Ended

May 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Reconciliation of gross and net fair values of assets and liabilities subject to offsetting arrangements [Table Text Block]



	May 31, 2018
			Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting
	Gross Amounts Recognized		Cash Collateral		Derivative Instruments		Net Amounts
	(Dollars in thousands)
Derivative Assets:
Commodity and freight derivatives	$	473,418	$	—	$	33,979	$	439,439
Foreign exchange derivatives	9,298		—		5,814		3,484
Embedded derivative asset	23,145		—		—		23,145
Total	$	505,861	$	—	$	39,793	$	466,068
Derivative Liabilities:
Commodity and freight derivatives	$	330,364	$	4,063	$	33,979	$	292,322
Foreign exchange derivatives	23,084		—		5,814		17,270
Interest rate derivatives - non-hedge	3		—		—		3
Total	$	353,451	$	4,063	$	39,793	$	309,595



	August 31, 2017
			Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting
	Gross Amounts Recognized		Cash Collateral		Derivative Instruments		Net Amounts
	(Dollars in thousands)
Derivative Assets:
Commodity and freight derivatives	$	384,648	$	—	$	35,080	$	349,568
Foreign exchange derivatives	8,771		—		3,636		5,135
Embedded derivative asset	25,533		—		—		25,533
Total	$	418,952	$	—	$	38,716	$	380,236
Derivative Liabilities:
Commodity and freight derivatives	$	309,762	$	3,898	$	35,080	$	270,784
Foreign exchange derivatives	19,931		—		3,636		16,295
Total	$	329,693	$	3,898	$	38,716	$	287,079

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

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 and nine months ended May 31, 2018, and 2017.



		For the Three Months Ended May 31,						For the Nine Months Ended May 31,
	Location of Gain (Loss)	2018			2017			2018			2017
		(Dollars in thousands)
Commodity and freight derivatives	Cost of goods sold	$	68,813		$	102,327		$	254		$	177,633
Foreign exchange derivatives	Cost of goods sold	(16,549		)	(7,168		)	(15,600		)	(4,573		)
Foreign exchange derivatives	Marketing, general and administrative	(1,109		)	22			(1,260		)	(784		)
Interest rate derivatives	Interest expense	(2		)	—			(3		)	4
Embedded derivative	Other income	441			477			2,612			30,051
Total		$	51,594		$	95,658		$	(13,997	)	$	202,331

Schedule of Derivative Instruments, Purchase and Sales Contracts [Table Text Block]

all outstanding commodity and freight contracts accounted for as derivative instruments.



	May 31, 2018		August 31, 2017
	Long	Short	Long	Short
	(Units in thousands)
Grain and oilseed - bushels	852,993	1,097,748	570,673	768,540
Energy products - barrels	18,425	12,383	15,072	18,252
Processed grain and oilseed - tons	426	2,403	299	2,347
Crop nutrients - tons	26	42	9	15
Ocean and barge freight - metric tons	5,531	2,883	2,777	1,766
Rail freight - rail cars	166	52	176	75
Natural gas - MMBtu	1,220	—	500	—

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the fair value of our derivative instruments designated as fair value hedges and the line items on our Consolidated Balance Sheets in which they are recorded.

Derivative Assets

Derivative Liabilities

Fair Value Hedges

Balance Sheet Location

May 31, 2018

August 31, 2017

Balance Sheet Location

May 31, 2018

August 31, 2017

(Dollars in thousands)

Interest rate swaps

Other assets

—

9,978

Other liabilities

8,847

707

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table sets forth the pretax gains (losses) on derivatives accounted for as hedging instruments that have been included in our Consolidated Statements of Operations for the three and nine months ended May 31, 2018, and 2017.



		For the Three Months Ended May 31,						For the Nine Months Ended May 31,
Gain (Loss) on Fair Value Hedging Relationships:	Location of Gain (Loss)	2018			2017			2018			2017
		(Dollars in thousands)
Interest rate swaps	Interest expense	$	(231	)	$	3,750		$	(18,118	)	$	(13,764	)
Hedged item	Interest expense	231			(3,750		)	18,118			13,764
Total		$	—		$	—		$	—		$	—

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The following table provides the location and carrying amount of hedged liabilities in our Consolidated Balance Sheets as of May 31, 2018, and August 31, 2017.



	May 31, 2018				August 31, 2017
Balance Sheet Location	Carrying Amount of Hedged Liabilities		Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Liabilities		Carrying Amount of Hedged Liabilities		Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Liabilities
	(Dollars in thousands)
Long-term debt	$	486,153	$	8,847	$	504,271	$	(9,271	)