CHS Releases Q3 Financials

CHS finished the third quarter with net income of $297 million. That compares to $547.5 million in the same quarter last year. For the first nine months of the year, the nation’s largest farm cooperative has net income of more than $ 990 million. That’s the third highest net income in company history, but down from the record $1.6 billion one year ago. In the ag segment, margins were lower for crop inputs, but the volume of business increased. Less favorable refining margins influenced the CHS energy business.