For the first nine months of the fiscal year, CHS reports net income of more than $990 million. That’s down from a record $1.6 billion in the same period last year. Through the third quarter, net income is at its third-highest level in history. CHS Chief Strategy Officer Olivia Nelligan says the cooperative is positioned to deal with the current downturn in commodity prices. Two months ago, CHS and West Central Ag Services signed a nonbinding letter of intent to join together. Nelligan said the due diligence is continuing for this proposal. “We’re are still in due diligence so I’m limited on what I can say but we’re continuing to explore whether a deal might be feasible,” said Nelligan. “West Central Ag Services, based out of Ulen, Minnesota, is a very successful cooperative and we’ve had a long-term partnership with them. We respect their management team and it’s an opportunity to potentially bring our supply chains together.”
