Inventories



	November 30, 2018		August 31, 2018
	(Dollars in thousands)
Grain and oilseed	$	1,525,151	$	1,298,522
Energy	680,807		715,161
Crop nutrients	325,189		246,326
Feed and farm supplies	522,490		391,906
Processed grain and oilseed	113,138		99,426
Other	17,674		17,308
Total inventories	$	3,184,449	$	2,768,649

As of November 30, 2018, we valued approximately 14% of inventories, primarily related to our Energy segment, using the lower of cost, determined on the LIFO method, or net realizable value (16% as of August 31, 2018). If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $115.6 million and $345.0 million as of November 30, 2018, and August 31, 2018, 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 are subject to the final year-end LIFO inventory valuation.