Ag cooperative CHS (Cenex Harvest States) has released a new investor presentation.
The coop has many preferred issues outstanding which can be seen here so this presentation may be of interest.
One thing to keep in mind with CHS is that the ag economy has improved drastically in the last 6 months. Commodity prices have risen 20-30% and farmers are in the black once again. It would seem logical that the ag end of the CHS business should improve dramatically in the quarters ahead. Recall that the company has been ‘carried’ by their refinery business for a few years now so some balance to net income would be a welcome development.