CHS reports second quarter fiscal year 2024 earnings

Solid ag earnings contributed to $170.3 million in second quarter net income

Soybeans falling from truck bottom to storage pit

CHS reported increased margins and higher volumes for grain and oilseeds, which contributed to second quarter fiscal year 2024 results.

CHS Inc., the nation’s leading agribusiness cooperative, today released results for its second quarter ended Feb. 29, 2024. The company reported quarterly net income of $170.3 million and revenues of $9.1 billion compared to net income of $292.3 million and revenues of $11.3 billion in the second quarter of fiscal year 2023. For the first six months of fiscal year 2024, the company reported net income of $693.2 million and revenues of $20.5 billion compared to record net income of $1.1 billion and record revenues of $24.1 billion in the first half of fiscal year 2023.

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Grain Bin Safety Week raises awareness

Nominate your local fire department today for a Grain Bin Safety Week grant from Nationwide

For nearly 90 years, CHS has been synonymous with integrity and community stewardship, rooted in the solid rural values of trust, mutual respect, and doing the right things for the right reasons. Now, continuing in this tradition, CHS is proud to announce an impactful partnership with Nationwide®, aimed at enhancing safety and protection for farmers and ranchers across the nation.

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CHS reports first quarter fiscal year 2024 earnings

Strong energy and oilseed processing operations contributed to $522.9 million in first quarter net income

CHS Fairmont facility rail

Continued robust soybean meal and soy oil demand drove strong earnings in the CHS oilseed processing business in the company’s first quarter of fiscal year 2024.

CHS Inc., the nation’s leading agribusiness cooperative, today released results for its first quarter ended Nov. 30, 2023. The company reported quarterly net income of $522.9 million compared to $782.6 million in the first quarter of fiscal year 2023.

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CHS owners elect seven board members, pass bylaws amendments

Group of people in business suits posing inside Minneapolis Convention Center
Elected to the CHS Board of Directors at the 2023 CHS Annual Meeting were, from left, C.J. Blew, Cortney Wagner, Tony Rossman, Jon Erickson, Scott Cordes, Dan Schurr and Tracy Jones.

CHS owners elected seven board members to three-year terms during the cooperative’s 2023 annual meeting held Dec. 7-8 in Minneapolis.

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2023 Grain Marketing Meetings

Please join us for a Q&A session with Brian Brauch, director, Western Wheat. Topics include:

  • Navigating the grain market for growers
  • Current state of the grain market
  • Supply and demand for the export market
  • Effective marketing strategies that can aid in marketing decisions.

Three locations and times to choose from:

Havre

Wed., Nov. 29
11 a.m. – 12:30 p.m.
Duck Inn
Havre, Mont.

Lunch provided!

View and download flyer

Shelby

Wed., Nov. 29
4 – 5:30 p.m.
Comfort Inn
Shelby, Mont.

Dinner provided!

View and download flyer

Fort Benton

Thurs., Nov. 30
8:30 – 11 a.m.
Grand Union Hotel
Fort Benton, Mont.

Breakfast provided!

View and download flyer

FFA to receive largest gift in CHS Foundation history

A smiling young man holding up a hanger with a navy blue jacket with a FFA patch on it

The CHS Foundation is making a $4.3 million commitment to National FFA over the next three years, the largest gift in the foundation’s 75-year history. The grant will help fund FFA programs in 17 states, provide scholarships for attending conferences and contests, introduce students from all backgrounds to ag careers through the workforce development program, and support the National Association of Ag Educators in attracting ag teachers and building strong teaching programs.

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