Source: CHS Inc.

CHS Inc. announced the dissolution of United Harvest, a joint venture company owned equally by CHS Inc. and United Grain Corp., a Mitsui company. The United Harvest joint venture was formed in December 1998.

"CHS has carefully considered its successful 12-year partnership with Mitsui in United Harvest and has made the determination that it is best to dissolve the joint venture," said Rick Browne, senior vice president, CHS Grain Marketing. "We appreciate the significant value United Harvest has provided for CHS and its stakeholders. However, it has become clear that CHS needs to move in a new direction. CHS pledges to continue to uphold its commitment to ensure long-term, competitive market access in the Pacific Northwest for its stakeholders and customers."

Original news release