CHS Inc., St. Paul, reported a dip in first quarter income attributable to the cooperative of $177.9 million on revenues of $7.6 billion for the first-quarter ending Nov. 30, 2019, compared to the year-ago $347.5 million and $8.5 billion.
In its Ag segment, CHS cited decreased fertilizer volumes due to a slow harvest season versus the year-ago quarter. Income was off in all three major sectors—Ag, Nitrogen Production and Energy, with Ag posting a pretax loss of $13.9 million compared to year-ago income of $80.3 million.