St. Paul-CHS Inc. reported income for the first half (Sept. 1, 2010; Feb. 28, 2011) of its 2011 fiscal year of $396.3 million. This was a nearly 96 percent increase over the year-ago $202.6 million. Revenues for the first half reached $15.8 billion, up from the year-ago $12.1 billion. For the second quarter (Dec. 1, 2010; Feb. 28, 2011) CHS posted income of $194.6 million, compared with the year-ago $82.7 million. Revenues for the quarter were $7.7 billion, up from $5.9 billion a year ago. Second-quarter Ag Business earnings were $86.9 million, up from the year-ago $62.4 million, while year-to-date earnings were $241.6 million, up from $171.5 million. The Ag Business unit consists of grain marketing, crop nutrients, local retail operations, and oilseed processing businesses. CHS reported both increased grain demand and fertilizer activity. YTD earnings from the Energy segment reflected strong margins for petroleum refining operations driven by global market conditions, along with strong performance for its renewable fuels marketing business. Earnings were also strong for the CHS financing and hedging businesses, along with its Ventura Foods LLC, vegetable-oil based food, and Horizon Milling LLC, wheat milling joint ventures.
Transparency Across the Fertilizer Value-Chain