CHS INC — Director's Dealing 2005

May 19, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHS INC (CHSCP)
CIK: 0000823277
Period of Report: 2005-05-17

Reporting Person: JOHNSON JOHN D (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-17	8% Cumulative Redeemable Preferred Stock	P	400	$25.96	Acquired	1000	Indirect
2005-05-17	8% Cumulative Redeemable Preferred Stock	P	400	$25.96	Acquired	1000	Indirect
2005-05-17	8% Cumulative Redeemable Preferred Stock	P	400	$25.96	Acquired	1000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
8% Cumulative Redeemable Preferred Stock	1600	Direct