CORBA Member Spotlight Month of August - CHS Inc. - Central Ohio River Business Association

CHS Inc. (chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, agronomy, grains and foods, CHS is committed to creating connections to empower agriculture, helping its farmer-owners, customers and other stakeholders grow their businesses through its domestic and global operations. CHS supplies energy, crop nutrients, seed, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services. The company operates petroleum refineries and pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.

Fiscal 2022 third quarter highlights:

Continued strong global demand, coupled with increased market volatility, resulted in higher commodity prices and improved earnings.
In our Ag segment, processing and wholesale agronomy businesses delivered another strong quarter, building on momentum that began earlier in the fiscal year.
Refining margins in our Energy segment were higher, driven by robust demand across global energy markets and favorable pricing for Canadian crude oil, which is processed by CHS refineries.
Certain CHS equity method investments continued to perform exceptionally well, including our CF Nitrogen investment. Favorable market conditions for CF Nitrogen were driven by strong global demand for urea and urea ammonium nitrate.

“Global grains and oilseed market demand remained strong throughout the third quarter,” said Jay Debertin, president and CEO of CHS Inc. “Decreased global supply due to geopolitical factors, supply chain disruptions and market volatility also contributed to increased earnings. I am proud of our team’s continued dedication to delivering superior value for our farmer-owners and customers in this unprecedented global market.”

Debertin added, “The ongoing war in Ukraine has resulted in significant uncertainty and contributed to ongoing volatility across global energy markets. We are leveraging our U.S. refineries to reliably meet the energy needs of CHS customers. We continue to invest on behalf of our owners in infrastructure, supply chain capabilities and innovative technology that is driving operational improvements and efficiency gains throughout our expansive network. And while logistical challenges and inflationary pressures linger, CHS remains well positioned to continue to maximize value for our member cooperative and farmer-owners.”