CHS 2013 Annual Report Download - page 13

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AG
Adding long-term value for its owners and
customers through strategic expansion of
the CHS grain and crop nutrients footprint
at home and around the world continued at
a brisk pace in fiscal 2013. While focusing
on future growth, the CHS Ag segment
delivered daily results, successfully
managing the business through reduced
grain export volumes from the 2012
drought and a late U.S. planting season,
which limited crop nutrient applications.
Grain Marketing
Over the past decade, CHS has remained unwaveringly
focused on the future to secure its position as a year-
round grain supplier in a dynamic global environment,
keeping the producer-owned cooperative in the
market every day and ensuring customers have
dependable grain supplies.
CHS added new global connections and capabilities in
2013 as it marketed more than 2 billion bushels of grain
and oilseeds, osetting drought-driven record low U.S.
corn export volumes with production from a growing
global origination platform.
CHS marked its 10th year in South America by
expanding into northern Brazil, Paraguay and Uruguay,
including opening an oce in Montevideo, Uruguay,
as fiscal 2014 began. Additional capability in the
region includes supplying wheat and marketing
renewable fuels to Brazilian customers and investing
in a confectionary sunflower processing facility in
Argentina. CHS currently provides 5 percent of total
wheat imports to Brazil. Midyear, CHS announced
formation of CHS AGRO, a sunflower marketing joint
venture based in Argentina, a significant sunflower
production region. The venture will grow and process
edible sunflower kernel and in-shell products for global
distribution, beginning in 2014.
The fiscal year also included the acquisition of 50 percent
ownership in Agfarm, a grain origination and marketing
company based in Sydney, Australia. Grain producers
aliated with Agfarm will benefit from greater access
to Asia-Pacific markets and increasing demand for
high-quality grains and oilseeds in that region.
CHS Asia-Pacific presence was strengthened further
by opening a Taipei, Taiwan, oce to handle sales of
corn, wheat, soybeans and distillers dried grains with
solubles (DDGS), a byproduct of ethanol manufacturing.
With river access a key factor in supplying grain to
Global operations growth
Countries with CHS employees
Producer Shawn Nedens, left, Hardin, Mont., checks
the progress of his sugar beet crop with Town &
Country Supply Agronomist Tyler Benninghoven.
2
24
2003 2013