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Stock Market & Financial Investment News

News Breaks
July 29, 2013
05:03 EDTCHSCPCHS Inc., Ruralco form JV with Agfarm
CHS Inc. announced it has invested in Agfarm, an Australia-based grain origination and marketing company. CHS and Ruralco Holdings, Sydney, Australia, will each own 50 percent of Agfarm. The Agfarm name and management structure will not change.
News For CHSCP From The Last 14 Days
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February 1, 2016
09:07 EDTCHSCPCF Industries, CHS commence strategic venture
CF Industries (CF) and CHS (CHSCP) announced that they have commenced their previously announced nitrogen fertilizer strategic venture. CHS completed its $2.8B equity investment in CF Industries Nitrogen, LLC, a CF Industries subsidiary, and will start receiving delivery of urea and urea ammonium nitrate from CF Industries under a long-term supply agreement. CHS has purchased a minority equity interest in CF Nitrogen for $2.8B effective Feb. 1, 2016. Through the investment, CHS will be entitled to semi-annual profit distributions from CF Nitrogen based generally on the volume of granular urea and UAN purchased by CHS pursuant to the supply agreement. Starting Feb. 1, 2016, CHS is entitled to purchase up to 1.1M tons of granular urea and 580,000 tons of UAN annually from CF Nitrogen for ratable delivery. The 1.7M product tons available under the supply agreement represent approximately 8.9% of CF's total production capacity once its capacity expansion projects are completed at Donaldsonville, La., and Port Neal, Iowa, expected in 2016.

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