Inventories

Major classes of inventories are as follows:



(in thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Grain	$	488,492	$	432,893	$	507,927
Ethanol and by-products	17,658		14,453		25,531
Agricultural fertilizer and supplies	151,144		100,593		157,882
Lawn and garden fertilizer and corncob products	37,218		39,960		30,343
Retail merchandise	26,205		22,505		28,097
Railcar repair parts	4,661		4,312		3,469
Other	206		207		129
	$	725,584	$	614,923	$	753,378

Inventories on the Condensed Consolidated Balance Sheets at March 31, 2014, December 31, 2013 and March 31, 2013 do not include 5.6 million, 13.3 million and 17.7 million bushels of grain, respectively, held in storage for others. The Company does not have title to the grain and is only liable for any deficiencies in grade or shortage of quantity that may arise during the storage period. Management does not anticipate material losses on any deficiencies.