Inventories



	May 31, 2019		August 31, 2018
	(Dollars in thousands)
Grain and oilseed	$	1,115,510	$	1,298,522
Energy	899,150		715,161
Agronomy	635,560		246,326
Feed and farm supplies	567,952		391,906
Processed grain and oilseed	104,113		99,426
Other	16,036		17,308
Total inventories	$	3,338,321	$	2,768,649

As of May 31, 2019, we valued approximately 20% 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 $283.9 million and $345.0 million as of May 31, 2019, 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.