Physical Commodities Inventory (Notes)

9 Months Ended

Jun. 30, 2015

Physical Commodities Inventory [Abstract]

Inventory Disclosure [Text Block]

Physical Commodities Inventory

Physical commodities inventories are stated at the lower of cost or market (“LCM”) using the weighted-average price and first-in first-out cost method. Subsequent to the transition of a portion of the Company’s precious metals business to INTL FCStone Ltd. (as discussed in Note 1), precious metals inventory held by INTL FCStone Ltd. is measured at fair value. Cost includes finished commodity or raw material and processing costs related to the purchase and processing of inventories. The carrying values of the Company’s inventory, which consist of all finished commodities inventory, are $46.1 million and $40.0 million as of June 30, 2015 and September 30, 2014, respectively.

As a result of the declining market prices of certain commodities, the Company has recorded LCM adjustments for physical commodities inventory of $0.2 million and $1.0 million as of June 30, 2015 and September 30, 2014, respectively. The adjustments are included in ‘cost of sales of physical commodities’ in the condensed consolidated income statements.