By Minneapolis / St. Paul Business Journal

CHS Inc. profits jumped by 125 percent in the quarter ended May 31, the company said Thursday.

The Inver Grove Heights-based agricultural cooperative reported FY2010 third-quarter profits of $145.4 million, an increase of $80.8 million from the $64.6 million profit of the prior-year period.

Revenues for the quarter were $6.6 billion, up 6.5 percent from $6.2 billion in the third quarter of the prior year.

The company said grain and fertilizer prices are down in FY2010 but that increased product margins and demand drove profits and contributed to record performances by local retail operations through the first three quarters.

CHS (Nasdaq: CHSCP) is a diversified energy, grains and foods company that considers itself the largest cooperative in the nation.

CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States. It supplies energy, fertilizer, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. It also operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex brand refined fuels, lubricants, propane and renewable energy products.

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