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)
(END) Dow Jones Newswires
January 08, 2025 12:01 ET (17:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.