Agribusiness cooperative CHS Inc. released the results for its third quarter that ended on May 31. The company reported a quarterly net income of $547.5 million. That’s compared to a record third-quarter net income of $576.6 million in fiscal year 2022. For the first nine months of fiscal year 2023, the company reported a net income of $1.6 billion and revenues of $36.1 billion. During the same period in 2022, the company reported net income of $1.2 billion and revenues of $34.4 billion. Third-quarter highlights include the energy segment delivering strong earnings, reflecting sustained favorable market conditions in their refined fuels business. Another highlight is improved soybean and canola crush margins due to strong meal and oil demand resulting in higher earnings in the company’s oilseed processing business. “Entering the end of our fiscal year, opportunities remain for profitability and growth in the agriculture industry,” says CHS President Jay Debertin.
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