Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Aug. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of gross fair values of derivative assets, derivative liabilities, and margin deposits (cash collateral)

The following tables present the gross fair values of derivative assets, derivative liabilities and related margin deposits (cash collateral) recorded on our Consolidated Balance Sheets, along with related amounts permitted to be offset in accordance with U.S. GAAP. Although we have certain netting arrangements for our exchange-traded futures and options contracts and certain OTC contracts, we have elected to report our derivative instruments on a gross basis on our Consolidated Balance Sheets under ASC Topic 210-20, Balance Sheet - Offsetting.


	August 31, 2025
			Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting
	Gross Amounts Recognized		Cash Collateral		Derivative Instruments		Net Amounts
	(Dollars in thousands)
Derivative assets
Commodity derivatives	$	130,491	$	—	$	10,715	$	119,776
Foreign exchange derivatives	43,527		—		9,379		34,148



Total	$	174,018	$	—	$	20,094	$	153,924
Derivative liabilities
Commodity derivatives	$	166,122	$	232	$	10,715	$	155,175
Foreign exchange derivatives	11,771		—		9,379		2,392


Total	$	177,893	$	232	$	20,094	$	157,567


	August 31, 2024
			Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting
	Gross Amounts Recognized		Cash Collateral		Derivative Instruments		Net Amounts
	(Dollars in thousands)
Derivative assets
Commodity derivatives	$	165,709	$	—	$	2,522	$	163,187
Foreign exchange derivatives	9,029		—		7,100		1,929



Total	$	174,738	$	—	$	9,622	$	165,116
Derivative liabilities
Commodity derivatives	$	221,803	$	1,601	$	2,522	$	217,680
Foreign exchange derivatives	24,476		—		7,100		17,376


Total	$	246,279	$	1,601	$	9,622	$	235,056

Pretax gains (losses) on derivatives not accounted for as hedging instruments

The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Consolidated Statements of Operations for the years ended August 31, 2025, 2024 and 2023:


Derivative Type	Location of (Loss) Gain	2025		2024		2023
		(Dollars in thousands)
Commodity derivatives	Cost of goods sold	$	21,473	$	5,380	$	(360,937)
Foreign exchange derivatives	Cost of goods sold	39,681		(31,874)		(30,898)
Foreign exchange derivatives	Marketing, general and administrative expenses	3,651		(2,897)		(530)


Total		$	64,805	$	(29,391)	$	(392,365)

Schedule of notional volumes for outstanding commodity contracts

The table below presents the notional volumes for all outstanding commodity contracts:


	2025		2024
Derivative Type	Long	Short	Long	Short
	(Units in thousands)
Grain and oilseed (bushels)	468,345	702,025	385,426	517,883
Energy products (barrels)	10,059	6,687	8,438	5,014
Processed grain and oilseed (tons)	1,168	2,429	3,600	6,193
Crop nutrients (tons)	29	32	73	14

Natural gas (MMBtu)	180	—	2,350	500

Schedule of fair value of derivative interest rate swap instruments designated as fair value hedges

The following table presents the fair value of our commodity derivative instruments designated as cash flow hedges and the line items on our Consolidated Balance Sheets in which they are recorded as of August 31, 2025 and 2024:


	Derivative Assets					Derivative Liabilities
Balance Sheet Location	2025		2024		Balance Sheet Location	2025		2024
	(Dollars in thousands)					(Dollars in thousands)
Other current assets	$	5,197	$	5,226	Other current liabilities	$	1,786	$	2,781

Schedule of pretax gains (losses) on derivatives accounted for as hedging instruments

The following table presents the pretax gains (losses) recorded in other comprehensive income relating to cash flow hedges for the years ended August 31, 2025, 2024 and 2023:


	2025		2024		2023
	(Dollars in thousands)
Commodity derivatives	$	965	$	(605)	$	(12,285)

CHS INC 10-K