CHS finished the fiscal year with net income of $1.9 billion, up from $1.7 billion for FY2022. This is the highest earnings in the history of the nation’s largest cooperative. As a result, CHS intends to return $730 million in cash patronage and equity redemptions to its member cooperatives and farmer-owners in the upcoming year. Strong meal and oil demand delivered higher earnings for its soybean and canola processing business. However, margins were down for wholesale and retail agronomy products with prices down considerably from historically high prices in the previous year. CHS’ energy segment had strong earnings, helped by positive market conditions for its refined fuels business.
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