An uptick in Ag segment results helped boost CHS Inc.’s net income for the third-quarter ending May 31, 2020, to $97.6 million from the year-ago $54.6 million. Revenues were $7.2 billion, down from $8.5 billion.
Ag pretax earnings were $95.4 million, up from the year-ago $21.1 million. Improved margins and volumes across much of the Ag segment resulted from more favorable weather conditions for spring planting compared to third quarter of fiscal year 2019. Improved trade relations between the United States and foreign trading partners was also cited.