Inventories



	November 30, 2016		August 31, 2016
	(Dollars in thousands)
Grain and oilseed	$	1,597,261	$	937,258
Energy	699,278		729,695
Crop nutrients	235,320		217,521
Feed and farm supplies	506,514		417,431
Processed grain and oilseed	57,769		48,930
Other	21,793		19,864
Total inventories	$	3,117,935	$	2,370,699

As of November 30, 2016, we valued approximately 15% of inventories, primarily related to our Energy segment, using the lower of cost, determined on the LIFO method, or market (19% as of August 31, 2016). If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $99.0 million and $93.9 million at November 30, 2016, and August 31, 2016, 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 costs, and are subject to the final year-end LIFO inventory valuation.