CHS posts fiscal 2016 earnings of $424.2m

Lower earnings in Energy and Ag segments contribute to 46% net income decline for year.

CHS Inc., the nation's leading farmer-owned cooperative, announced earnings for fiscal 2016 of $424.2 million. This was down 46% from net income of $781.0 million for fiscal 2015, reflecting lower pretax earnings within the company's Energy and Ag segments, as well as its Corporate and Other category.

Lower pretax earnings within these two segments were partly offset by increased pretax earnings in its Foods segment and seven months of earnings from its Nitrogen Production segment,

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