Inventories (Tables)

6 Months Ended

Jun. 30, 2025

Inventory, Net [Abstract]

Classes of inventories

(in thousands)	June 30, 2025		December 31, 2024		June 30, 2024
Grain and other agricultural products (a)	$	500,748	$	951,283	$	452,314
Energy inventories (a)	10,807		17,381		14,085
Ethanol and co-products (a)	112,232		109,528		108,407
Nutrients and cob products	148,081		208,619		111,734
Total inventories	$	771,868	$	1,286,811	$	686,540

(a) Includes RMI of $496.6 million, $944.5 million, and $455.8 million at June 30, 2025, December 31, 2024, and June 30, 2024, respectively.