CHS Inc, the largest U.S. agribusiness cooperative, reported a 60.8 percent decline in net earnings for the first quarter of FY 2021 ending November 30th 2020. For the period, revenue declined 12.6 percent to $8.7 billion and net income attained $69.7 million.
The CHS Energy Segment experienced low crack-spreads in refineries and lower propane demand. The CHS Agricultural Segment benefited from increased trade in commodities and favorable weather conditions during the fall harvest.
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