CHS Profit Drops on Lower Grain Prices -- Market Talk

Dow Jones
01-09

1201 ET - Agricultural cooperative CHS' earnings fell in its first fiscal quarter due in large part to weaker pricing for agricultural commodities and products. "U.S. agriculture is seeing a weaker farm economy with a globally competitive marketplace for grains and oilseeds," CEO Jay Debertin says. CHS' profit dropped to $244.8 million for the quarter ended Nov. 30 from $522.9 million a year ago. CHS also reports that lower urea market prices hit its Nitrogen Production arm, reducing earnings there by 31% from the same quarter last year. (kirk.maltais@wsj.com)

 

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January 08, 2025 12:01 ET (17:01 GMT)

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