Chs Inc (NASDAQ: CHSCM)

CHS Inc. is the nation's leading integrated agricultural cooperative providing grain food agronomy and energy resources to businesses and consumers worldwide. It is owned by farmers ranchers and member cooperatives across the United States and also has preferred shareholders whose shares are listed and traded on the Nasdaq Global Select Market.

CHS Inc. generates revenue from the sale of grain food agronomy products and energy resources including refined petroleum products fuels lubricants and related goods. Its customers consist of member cooperatives individual agricultural producers other businesses and consumers both domestically and internationally.

The company operates through the following segments: Energy Ag Nitrogen Production and Corporate and Other.

• The Energy segment refines wholesales and retails petroleum products operating refineries in Laurel Montana and McPherson Kansas. It sells gasoline diesel propane asphalt lubricants and related goods under the Cenex brand to member cooperatives and independent retailers.

• The Ag segment originates and markets grain and provides wholesale agronomy sales of crop nutrient and crop protection products. It also produces renewable fuels and sells soybean meal refined soy oil soyflour while processing sunflowers feed and farm supplies for its customers.

• The Nitrogen Production segment consists of an equity method investment in CF Industries Nitrogen LLC which supplies granular urea and urea ammonium nitrate to CHS under a long term supply agreement.

• Corporate and Other includes financing hedging and advisory subsidiaries such as CHS Capital CHS Hedging and CHS Market Advisors as well as the joint ventures Ventura Foods and Ardent Mills.

CHS Inc. holds a leading position as the nation's largest integrated agricultural cooperative and the biggest cooperative energy company by revenues and identifiable assets. It is also the largest cooperative marketer of grain and oilseed in the United States. In the Energy segment it competes with major integrated petroleum companies such as ExxonMobil and Chevron as well as regional refiners and marketers. In the Ag segment it faces competition from large agribusiness distributors like Cargill Bunge and Louis Dreyfus as well as regional cooperatives and private retailers. In the Nitrogen Production segment it competes with major fertilizer producers such as CF Industries Nutrien and Yara International. CHS Inc.'s competitive advantages stem from its cooperative structure its integrated operations across the value chain and its close relationships with member owners which provide stable demand and efficient distribution.

CHS Inc. serves member cooperatives individual agricultural producers other businesses and consumers both domestically and internationally. Its customer base includes food companies energy companies livestock producers feed mills and retail outlets that sell products under the Cenex brand.