CHS Inc. (Cenex Harvest States) has announced stellar earnings for the quarter.
The huge cooperative (not publicly traded) showed great revenue gains as well as pretty spectacular earnings. Revenue was up 50% to $10.9 billion while earnings rose 40% to $274 million from $97 million a year ago.
No doubt much higher agricultural commodity prices, as well as increased margins in their oil refinery business, contributed greatly to their success on the quarter.
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