Derivatives (Tables)

6 Months Ended

Jun. 30, 2011

Derivatives (Tables) [Abstract]

Estimated fair value of Company's commodity derivative instruments for cash collateral and associated cash as collateral

	June 30, 2011				December 31, 2010					June 30, 2010
	Net		Net		Net								Net
	derivative asset		derivative liability		derivative asset			Net derivative		Net derivative			derivative
(in thousands)	position		position		position			liability position		asset position			liability position
Collateral paid	$	43,191	$	—	$	166,589		$	—	$	—		$	—
Collateral received		—		—		—			—		(17,675	)		(7,467	)
Fair value of derivatives		40,476		—		(146,330	)		—		25,059			—
Balance at end of period	$	83,667	$	—	$	20,259		$	—	$	7,384		$	(7,467	)

The Company's Consolidated Statement of Income gains and location of line items

	Three months ended		Six months ended
(in thousands)	June 30, 2011		June 30, 2011
Gains on commodity derivatives included in sales and merchandising revenues	$	102,585	$	103,863

Amounts of quantities outstanding included in commodity derivative contracts

	Number of bushels		Number of tons		Number of gallons
Commodity	(in thousands)		(in thousands)		(in thousands)
Non-exchange traded:
Corn		308,168		—		—
Soybeans		18,716		—		—
Wheat		12,881		—		—
Oats		14,482		—		—
Soymeal		—		—		—
Ethanol		—		—		202,013
Other		663		—		—
Subtotal		354,910		—		202,013
Exchange traded:
Corn		123,525		—		—
Soybeans		17,170		—		—
Wheat		44,100		—		—
Oats		3,470		—		—
Soymeal		—		4		—
Ethanol		—		—		37,575
Other		—		—		120
Subtotal		188,265		4		37,695
Total		543,175		4		239,708