CHS is reporting net income of nearly $70 million for the first quarter of the fiscal year. That’s down from $178 million in the same quarter last year. The cooperative got a boost from good harvest weather, increasing volumes and margins across its agriculture segment. The global grain sector and feed business also experienced growth. Propane demand was down due to the warm, dry fall. COVID-19 also hurt the CHS refined fuels business.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.