CHS sees sturdy demand for meals, diesel oils — Commodity Commentary | Jobi Cool


By Emon Reiser

CHS Inc. stated there stays sturdy international demand for commodities, however not with out market volatility. The farmer cooperative reported favorable market circumstances for the power aspect of its enterprise, whereas volumes fell for many of its agriculture phase.

About agriculture:

“Decreased volumes in most of our agricultural phase attributable to a number of elements, together with drought circumstances in components of our commerce space.”

“Our soy and canola processors in our [agriculture] phase benefited from sturdy demand for flour and oil.”

“Robust international demand and restricted provide of grains and oilseeds.”

“Decrease margins on our grain and oilseed commodities, pushed by antagonistic market-to-market impacts, in addition to much less favorable costs for our agronomic merchandise.”

“Improved margins in our oilseed processing enterprise attributable to sturdy demand in addition to mark-to-market beneficial properties.”

On crude and refined oil:

“Decrease propane margins attributable to hedging-related impacts attributable to unstable costs within the first quarter.”

“Improved refined gas market circumstances, together with greater refining margins and reductions on heavy Canadian crude, partially offset by greater renewable power credit score prices and elevated refinery upkeep prices.

Increased refined fuels and propane volumes pushed by sturdy demand attributable to extra favorable climate circumstances in the course of the fall harvest in comparison with the identical interval in fiscal 2022.”

Write to Emon Reiser at emon.reiser@wsj.com



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