CHS was just wrapping up a profitable quarter as Russian forces invaded Ukraine at the end of February, roiling two businesses at the heart of its operations — energy and grain.
The Inver Grove Heights-based agribusiness has since been working to ensure the safety of its 46 employees in Ukraine, where it has a presence as a grain trader.
"Their safety, like all companies with operations and people there, is first and foremost for us," CHS Chief Executive Jay Debertin said Wednesday. "We're focused on how to help them evacuate the country if they want and if they can. And if they stay, help them remain safe."
While higher prices in the grain and oil markets might at times be good for business, Debertin said, "We're quick to remind ourselves and remind everybody of the suffering of the people of Ukraine.
"We're very mindful of the tragic circumstances in Ukraine that are part of the circumstances for us in the agricultural space."
CHS has no investments or employees in Russia, he said.
Both countries are major grain exporters, and the war has led some analysts to predict a looming wheat shortage and continued high global commodity prices, which translates into higher food prices for consumers.
"The United States needs to have a good crop with likely supply disruptions around the world," Debertin said. "Those of us in agriculture are going into a spring like this with a hopeful attitude."
