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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 3 )*

US BioEnergy Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

90342V

(CUSIP Number)

David A. Kastelic, 5500 Cenex Drive, Inver Grove Heights, MN 55077 (651) 355-3712

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

September 17, 2007

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.


CUSIP No.		90342V

NAMES OF REPORTING PERSONS:

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

CHS Inc., 41-0251095

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

(a) o

(b) o

SEC USE ONLY:

SOURCE OF FUNDS (SEE INSTRUCTIONS):

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):

CITIZENSHIP OR PLACE OF ORGANIZATION:

Minnesota, USA

SOLE VOTING POWER:

NUMBER OF

See attachment to Cover Page

SHARED VOTING POWER:

BENEFICIALLY

OWNED BY

See attachment to Cover Page

EACH

SOLE DISPOSITIVE POWER:

REPORTING

PERSON

See attachment to Cover Page

WITH

SHARED DISPOSITIVE POWER:

See attachment to Cover Page

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

See attachment to Cover Page

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):

See attachment to Cover Page

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

Instructions for Cover Page

(1)		Names and I.R.S. Identification Numbers of Reporting Persons — Furnish the full legal name of each person for whom the report is filed — i.e., each person required to sign the schedule itself– including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see “SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D” below).

(2)		If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-l(k)(l) in which case it may not be necessary to check row 2(b)].

(3)		The 3rd row is for SEC internal use; please leave blank.

(4)

Classify the source of funds or other consideration used or to be used in making purchases as required to be disclosed pursuant to Item 3 of Schedule 13D and insert the appropriate symbol (or symbols if more than one is necessary) in row (4):


Category of Source		Symbol
Subject Company (Company whose securities are being acquired)		SC
Bank		BK
Affiliate (of reporting person)		AF
Working Capital (of reporting person)		WC
Personal Funds (of reporting person)		PF
Other		OO

(5)		If disclosure of legal proceedings or actions is required pursuant to either Items 2(d) or 2(e) of Schedule 13D, row 5 should be checked.

(6)		Citizenship or Place of Organization — Furnish citizenship if the named reporting person is a natural person. Otherwise, furnish place of organization. (See Item 2 of Schedule 13D.)

(7)-(11), (13)		Aggregate Amount Beneficially Owned by Each Reporting Person, etc. — Rows (7) through (11) inclusive, and (13) are to be completed in accordance with the provisions of Item 5 of Schedule 13D. All percentages are to be rounded off to nearest tenth (one place after decimal point).

(12)		Check if the aggregate amount reported as beneficially owned in row (11) does not include shares which the reporting person discloses in the report but as to which beneficial ownership is disclaimed pursuant to Rule 13 d-4 [17 CFR 240.13d-4] under the Securities Exchange Act of 1934.

(14)		Type of Reporting Person — Please classify each “reporting person” according to the following breakdown and place the appropriate symbol (or symbols, i.e., if more than one is applicable, insert all applicable symbols) on the form:


Category		Symbol
Broker-Dealer		BD
Bank		BK
Insurance Company		IC
Investment Company		IV
Investment Adviser		IA
Employee Benefit Plan or Endowment Fund		EP
Parent Holding Company/Control Person		HC
Savings Association		SA
Church Plan		CP
Corporation		CO
Partnership		PN
Individual		IN
Other		OO

Notes:

		Attach as many copies of the second part of the cover page as are needed, one reporting person per page.

		Filing persons may, in order to avoid unnecessary duplication, answer items on the schedules (Schedule 13D, 13G or 14D-1) by appropriate cross references to an item or items on the cover page(s). This approach may only be used where the cover page item or items provide all the disclosure required by the schedule item. Moreover, such a use of a cover page item will result in the item becoming a part of the schedule and accordingly being considered as “filed” for purposes of Section 18 of the Securities Exchange Act or otherwise subject to the liabilities of that section of the Act.

		Reporting persons may comply with their cover page filing requirements by filing either completed copies of the blank forms available from the Commission, printed or typed facsimiles, or computer printed facsimiles, provided the documents filed have identical formats to the forms prescribed in the Commission’s regulations and meet existing Securities Exchange Act rules as to such matters as clarity and size (Securities Exchange Act Rule 12b-12).

SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D

Under Sections 13(d) and 23 of the Securities Exchange Act of 1934 and the rules and regulations thereunder, the Commission is authorized to solicit the information required to be supplied by this schedule by certain security holders of certain issuers.

Disclosure of the information specified in this schedule is mandatory, except for I.R.S. identification numbers, disclosure of which is voluntary. The information will be used for the primary purpose of determining and disclosing the holdings of certain beneficial owners of certain equity securities. This statement will be made a matter of public record. Therefore, any information given will be available for inspection by any member of the public.

Because of the public nature of the information, the Commission can utilize it for a variety of purposes, including referral to other governmental authorities or securities self-regulatory organizations for investigatory purposes or in connection with litigation involving the Federal securities laws or other civil, criminal or regulatory statutes or provisions. I.R.S. identification numbers, if furnished, will assist the Commission in identifying security holders and, therefore, in promptly processing statements of beneficial ownership of securities.

Failure to disclose the information requested by this schedule, except for I.R.S. identification numbers, may result in civil or criminal action against the persons involved for violation of the Federal securities laws and rules promulgated thereunder.

General Instructions

A.		The item numbers and captions of the items shall be included but the text of the items is to be omitted. The answers to the items shall be so prepared as to indicate clearly the coverage of the items without referring to the text of the items. Answer every item. If an item is inapplicable or the answer is in the negative, so state.

B.		Information contained in exhibits to the statements may be incorporated by reference in answer or partial answer to any item or sub-item of the statement unless it would render such answer misleading, incomplete, unclear or confusing. Material incorporated by reference shall be clearly identified in the reference by page, paragraph, caption or otherwise. An express statement that the specified matter is incorporated by reference shall be made at the particular place in the statement where the information is required. A copy of any information or a copy of the pertinent pages of a document containing such information which is incorporated by reference shall be submitted with this statement as an exhibit and shall be deemed to be filed with the Commission for all purposes of the Act.

C.		If the statement is filed by a general or limited partnership, syndicate, or other group, the information called for by Items 2-6, inclusive, shall be given with respect to (i) each partner of such general partnership; (ii) each partner who is denominated as a general partner or who functions as a general partner of such limited partnership; (iii) each member of such syndicate or group; and (iv) each person controlling such partner or member. If the statement is filed by a corporation or if a person referred to in (i), (ii), (iii) or (iv) of this Instruction is a corporation, the information called for by the above mentioned items shall be given with respect to (a) each executive officer and director of such corporation; (b) each person controlling such corporation; and (c) each executive officer and director of any corporation or other person ultimately in control of such corporation.

Item 1. Security and Issuer

State the title of the class of equity securities to which this statement relates and the name and address of the principal executive offices of the issuer of such securities.

Item 2. Identity and Background

If the person filing this statement or any person enumerated in Instruction C of this statement is a corporation, general partnership, limited partnership, syndicate or other group of persons, state its name, the state or other place of its

organization, its principal business, the address of its principal office and the information required by (d) and (e) of this Item. If the person filing this statement or any person enumerated in Instruction C is a natural person, provide the information specified in (a) through (f) of this Item with respect to such person(s).

(a)		Name;

(b)		Residence or business address;

(c)		Present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted;

(d)		Whether or not, during the last five years, such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) and, if so, give the dates, nature of conviction, name and location of court, and penalty imposed, or other disposition of the case;

(e)		Whether or not, during the last five years, such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws; and, if so, identify and describe such proceedings and summarize the terms of such judgment, decree or final order; and

(f)		Citizenship.

Item 3. Source and Amount of Funds or Other Consideration

State the source and the amount of funds or other consideration used or to be used in making the purchases, and if any part of the purchase price is or will be represented by funds or other consideration borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting the securities, a description of the transaction and the names of the parties thereto. Where material, such information should also be provided with respect to prior acquisitions not previously reported pursuant to this regulation. If the source of all or any part of the funds is a loan made in the ordinary course of business by a bank, as defined in Section 3(a)(6) of the Act, the name of the bank shall not be made available to the public if the person at the time of filing the statement so requests in writing and files such request, naming such bank, with the Secretary of the Commission. If the securities were acquired other than by purchase, describe the method of acquisition.

Item 4. Purpose of Transaction

State the purpose or purposes of the acquisition of securities of the issuer. Describe any plans or proposals which the reporting persons may have which relate to or would result in:

(a)		The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;

(b)		An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;

(c)		A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;

(d)		Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

(e)		Any material change in the present capitalization or dividend policy of the issuer;

(f)		Any other material change in the issuer’s business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;

(g)		Changes in the issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;

(h)		Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i)		A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

(j)		Any action similar to any of those enumerated above.

Item 5. Interest in Securities of the Issuer

(a)		State the aggregate number and percentage of the class of securities identified pursuant to Item 1 (which may be based on the number of securities outstanding as contained in the most recently available filing with the Commission by the issuer unless the filing person has reason to believe such information is not current) beneficially owned (identifying those shares which there is a right to acquire) by each person named in Item 2. The above mentioned information should also be furnished with respect to persons who, together with any of the persons named in Item 2, comprise a group within the meaning of Section 13(d)(3) of the Act;

(b)		For each person named in response to paragraph (a), indicate the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition. Provide the applicable information required by Item 2 with respect to each person with whom the power to vote or to direct the vote or to dispose or direct the disposition is shared;

(c)		Describe any transactions in the class of securities reported on that were effected during the past sixty days or since the most recent filing of Schedule 13D(§240.13d-191), whichever is less, by the persons named in response to paragraph (a).


Instruction.		The description of a transaction required by Item 5(c) shall include, but not necessarily be limited to: (1) the identity of the person covered by Item 5(c) who effected the transaction; (2) the date of the transaction; (3) the amount of securities involved; (4) the price per share or unit; and (5) where and how the transaction was effected.


(d)		If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of an employee benefit plan, pension fund or endowment fund is not required.

(e)		If applicable, state the date on which the reporting person ceased to be the beneficial owner of more than five percent of the class of securities.


Instruction.		For computations regarding securities which represent a right to acquire an underlying security, see Rule 13d-3(d)(l) and the note thereto.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Describe any contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the issuer, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, naming the persons with whom such contracts, arrangements, understandings or relationships have been entered into. Include such information for any of the securities that are pledged or otherwise subject to a contingency the occurrence of which would give another person voting power or investment power over such securities except that disclosure of standard default and similar provisions contained in loan agreements need not be included.

Item 7. Material to Be Filed as Exhibits

The following shall be filed as exhibits: copies of written agreements relating to the filing of joint acquisition statements as required by §240.13d-l(k) and copies of all written agreements, contracts, arrangements, understandings, plans or proposals relating to: (1) the borrowing of funds to finance the acquisition as disclosed in Item 3; (2) the acquisition of issuer control, liquidation, sale of assets, merger, or change in business or corporate structure or any other matter as disclosed in Item 4; and (3) the transfer or voting of the securities, finder’s fees, joint ventures, options, puts, calls, guarantees of loans, guarantees against loss or of profit, or the giving or withholding of any proxy as disclosed in Item 6.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

September 17, 2007

Date

/s/ John Schmitz

Signature

John Schmitz, Executive Vice President & Chief Financial Officer

Name/Title

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

CHS Inc. — Schedule 13 D
Cover Page Nos. 7-11 and 13


									(11)
									Aggregate Amount		(13)
							(10)		Beneficially Owned by		Percent of Class
	(7)		(8)		(9)		Shared Dispositive		Each Reporting		Represented by
Name	Sole Voting Power		Shared Voting Power		Sole Dispostive Power		Power		Person		Amount in Row (11)
CHS Inc.		15,934,688		0		15,934,688		0		15,934,688		20.11	%
(Reporting Person)

John D. Johnson		0		0		0		0		0		0
(Executive Officer)

Jay D. Debertin		3,625		0		3,625		0		3,625		<1.00	%
(Executive Officer)

Patrick M. Kluempke		0		0		0		0		0		0
(Executive Officer)

Thomas D. Larson		0		0		0		0		0		0
(Executive Officer)

Mark L. Palmquist		0		0		0		0		0		0
(Executive Officer)

John Schmitz		0		0		0		0		0		0
(Executive Officer)

Leon Westbrock		1,000		0		1,000		0		1,000		<1.00	%
(Executive Officer)

Bruce Anderson		0		0		0		0		0		0
(Director)

Donald Anthony		0		0		0		0		0		0
(Director)

Robert Bass		0		0		0		0		0		0
(Director)

Dennis Carlson		370		0		370		0		370		<1.00	%
(Director)

Curt Eischens		0		0		0		0		0		0
(Director)

Page 1 of 15

CHS Inc. — Schedule 13 D
Cover Page Nos. 7-11 and 13


									(11)
									Aggregate Amount		(13)
							(10)		Beneficially Owned by		Percent of Class
	(7)		(8)		(9)		Shared Dispositive		Each Reporting		Represented by
Name	Sole Voting Power		Shared Voting Power		Sole Dispostive Power		Power		Person		Amount in Row (11)
Steve Fritel (and Barb Fritel)		0		600		0		600		600		<1.00	%
(Director)

Robert Grabarski		3,000		0		3,000		0		3,000		<1.00	%
(Director)

Jerry Hasnedl		0		0		0		0		0		0
(Director)

David Kayser		0		0		0		0		0		0
(Director)

James Kile		0		0		0		0		0		0
(Director)

Randy Knecht		0		0		0		0		0		0
(Director)

Michael Mulcahey		0		0		0		0		0		0
(Director)

Richard Owen		0		0		0		0		0		0
(Director)

Steve Riegel		0		0		0		0		0		0
(Director)

Daniel Schurr		0		0		0		0		0		0
(Director)

Duane Stenzel		0		0		0		0		0		0
(Director)

Michael Toelle		3,500				3,500				3,500		<1.00	%
(Director)

Page 2 of 15

CHS Inc. — Schedule 13D

Item 1 — Security and Issuer

Title of the Class of Securities to which this statement relates:

Common Stock

Name and Address of Principal Executive Office of Issuer:

US BioEnergy Corporation
5500 Cenex Drive
Inver Grove Heights, MN 55077

Page 3 of 15

CHS Inc. — Schedule 13D

Item 2 — Identity and Background


(a) Name	(b) Business/Residence Address	(c) Occupation/Employer	(d) Convictions	(e) Judgments	(f) Citizenship
CHS Inc.	5500 Cenex Drive	Reporting Person	None	None	N/A
(Reporting Person)	Inver Grove Heights, MN 55077

John D. Johnson	5500 Cenex Drive	President and CEO
(Executive Officer)	Inver Grove Heights, MN 55077	CHS Inc.	None	None	USA

Jay D. Debertin	5500 Cenex Drive	Executive Vice President/COO
(Executive Officer)	Inver Grove Heights, MN 55077	CHS Inc.	None	None	USA

Patrick M. Kluempke	5500 Cenex Drive	Executive Vice President
(Executive Officer)	Inver Grove Heights, MN 55077	CHS Inc.	None	None	USA

Thomas D. Larson	5500 Cenex Drive	Executive Vice President
(Executive Officer)	Inver Grove Heights, MN 55077	CHS Inc.	None	None	USA

Mark L. Palmquist	5500 Cenex Drive	Executive Vice President/COO
(Executive Officer)	Inver Grove Heights, MN 55077	CHS Inc.	None	None	USA

John Schmitz	5500 Cenex Drive	Executive Vice President and CFO
(Executive Officer)	Inver Grove Heights, MN 55077	CHS Inc.	None	None	USA

Leon Westbrock	5500 Cenex Drive	Executive Vice President/COO
(Executive Officer)	Inver Grove Heights, MN 55077	CHS Inc.	None	None	USA

Bruce Anderson	13500 - 42nd Street NE	Self-employed farmer	None	None	USA
(Director)	Glenburn, ND 58740-9564

Donald Anthony	43970 Road 758	Self-employed farmer	None	None	USA
(Director)	Lexington, NE 68850-3745

Robert Bass	E6391 Bass Road	Self-employed farmer	None	None	USA
(Director)	Reedsburg, WI 53959

Dennis Carlson	3255 50th Street	Self-employed farmer	None	None	USA
(Director)	Mandan, ND 58554

Curt Eischens	2153 - 330th Street North	Self-employed farmer	None	None	USA
(Director)	Minneota, MN 56264-1800

Steve Fritel	2851 77th Street NE	Self-employed farmer	None	None	USA
(Director)	Barton, ND 58384

Barb Fritel	2851 77th Street NE	Self-employed farmer	None	None	USA
(Spouse of Steve Fritel)	Barton, ND 58384

Page 4 of 15

CHS Inc. — Schedule 13D

Item 2 — Identity and Background


(a) Name	(b) Business/Residence Address	(c) Occupation/Employer	(d) Convictions	(e) Judgments	(f) Citizenship
Robert Grabarski	1770 Highway 21	Self-employed farmer	None	None	USA
(Director)	Arkdale, WI 54613

Jerry Hasnedl	12276 160th Avenue SE	Self-employed farmer	None	None	USA
(Director)	St. Hilaire, MN 56754-9776

David Kayser	42046 257th Street
(Director)	Alexandria, SD 57311	Self-employed farmer	None	None	USA

James Kile	608 W. Bell Lane
(Director)	St. John, WA 99171	Self-employed farmer	None	None	USA

Randy Knecht	40193 112th Street
(Director)	Houghton, SD 57449	Self-employed farmer	None	None	USA

Michael Mulcahey	8109 360th Avenue
(Director)	Waseca, MN 56093	Self-employed farmer	None	None	USA

Richard Owen	PO Box 129
(Director)	Geraldine, MT 59446	Self-employed farmer	None	None	USA

Steve Riegel	12748 Ridge Road
(Director)	Ford, KS 67842	Self-employed farmer	None	None	USA

Daniel Schurr	3009 Wisconsin Street
(Director)	LeClaire, IA 52753	Self-employed farmer	None	None	USA

Duane Stenzel	62904 295th Street
(Director)	Wells, MN 56097	Self-employed farmer	None	None	USA

Michael Toelle	5085 St. Anthony Drive
(Director)	Browns Valley, MN 56219	Self-employed farmer	None	None	USA

Page 5 of 15

CHS Inc. — Schedule 13D

Item 3 — Source and Amount of Funds or Other Consideration


Name	Source of Funds	Amount of Funds	Explanation
CHS Inc. (Reporting Person)	WC (Working Capital)	$121,799,433	Since the date of its last Schedule 13D amendment filing, CHS has purchased the following additional shares: 200,000 shares on 08/29/07 for $2,062,160 ($10.3108/share) 50,000 shares on 08/30/07 for $522,795 ($10.4559/share) 150,000 shares on 08/31/07 for $1,564,260 ($10.4284/share) 50,000 shares on 09/05/07 for $524,880 ($10.4976/share) 40,000 shares on 09/07/07 for $419,352 ($10.4838/share) 50,000 shares on 09/10/07 for $522,480 ($10.4496/share) 72,000 shares on 09/11/07 for $754,423 ($10.4781/share) 70,000 shares on 09/12/07 for $732,221 ($10.4603/share) 140,500 shares on 09/13/07 for $1,456,142 ($10.3640/share) 200,000 shares on 09/14/07 for $2,028,100 ($10.1405/share)

John D. Johnson	N/A	N/A
(Executive Officer)

Jay D. Debertin	N/A - See Explanation	N/A - See Explanation
(Executive Officer)


Patrick M. Kluempke	N/A	N/A
(Executive Officer)

Thomas D. Larson	N/A	N/A
(Executive Officer)

Mark L. Palmquist	N/A	N/A
(Executive Officer)

John Schmitz	N/A	N/A
(Executive Officer)

Leon Westbrock	PF	$11,170
(Executive Officer)

Bruce Anderson	N/A	N/A
(Director)

Donald Anthony	N/A	N/A
(Director)

Robert Bass	N/A	N/A
(Director)

Dennis Carlson (Director)	PF	$2,442.50

Curt Eischens	N/A	N/A
(Director)

Steve Fritel (and Barb Fritel)	PF (Personal Funds)	$8,400
(Director)

Page 6 of 15

CHS Inc. — Schedule 13D

Item 3 — Source and Amount of Funds or Other Consideration


Name	Source of Funds	Amount of Funds	Explanation
Robert Grabarski (Director)	PF (Personal Funds)	$41,850

Jerry Hasnedl	N/A	N/A
(Director)

David Kayser	N/A	N/A
(Director)

James Kile	N/A	N/A
(Director)

Randy Knecht	N/A	N/A
(Director)

Michael Mulcahey	N/A	N/A
(Director)

Richard Owen	N/A	N/A
(Director)

Steve Riegel	N/A	N/A
(Director)

Daniel Schurr	N/A	N/A
(Director)

Duane Stenzel	N/A	N/A
(Director)

Michael Toelle	PF (Personal Funds)	$49,000
(Director)

Page 7 of 15

CHS Inc. — Schedule 13D

Item 4 — Purpose of Transaction


Name		Purpose of Acquisition
CHS Inc.		Investment purposes.
(Reporting Person)

John D. Johnson		N/A
(Executive Officer)

Jay D. Debertin		Shares awarded by Issuer to Mr. Deberin (a
(Executive Officer)		non-employee director of Issuer) pursuant to Issuer’s
		2006 Stock Incentive Plan. Held for investment purposes.

Patrick M. Kluempke		N/A
(Executive Officer)

Thomas D. Larson		N/A
(Executive Officer)

Mark L. Palmquist		N/A
(Executive Officer)

John Schmitz		N/A
(Executive Officer)

Leon Westbrock		Investment purposes
(Executive Officer)

Bruce Anderson		N/A
(Director)

Donald Anthony		N/A
(Director)

Robert Bass		N/A
(Director)

Dennis Carlson		Investment purposes
(Director)

Curt Eischens		N/A
(Director)

Steve Fritel (and Barb Fritel)		Investment purposes.
(Director)

Page 8 of 15

CHS Inc. — Schedule 13D

Item 4 — Purpose of Transaction


Name		Purpose of Acquisition
Robert Grabarski		Investment Purposes
(Director)

Jerry Hasnedl		N/A
(Director)

David Kayser		N/A
(Director)

James Kile		N/A
(Director)

Randy Knecht		N/A
(Director)

Michael Mulcahey		N/A
(Director)

Richard Owen (Director)		N/A

Steve Riegel		N/A
(Director)

Daniel Schurr		N/A
(Director)

Duane Stenzel		N/A
(Director)

Michael Toelle		Investment purposes.
(Director)

Page 9 of 15

CHS Inc. — Schedule 13D

Item 5 — Interest in Securities of the Issuer


Name	(a)	(b)	(c)	(d)	(e)
CHS Inc.	See No. 11 and 13 on	See Nos. 7-10 on	Purchased 1,022,500 Additional Shares	N/A	N/A
(Reporting Person)	Cover Page	Cover Page	Purchased 1,022,500 Additional Shares

John D. Johnson	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Executive Officer)	Cover Page	Cover Page

Jay D. Debertin	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Executive Officer)	Cover Page	Cover Page

Patrick M. Kluempke	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Executive Officer)	Cover Page	Cover Page

Thomas D. Larson	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Executive Officer)	Cover Page	Cover Page

Mark L. Palmquist	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Executive Officer)	Cover Page	Cover Page

John Schmitz	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Executive Officer)	Cover Page	Cover Page

Leon Westbrock	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Executive Officer)	Cover Page	Cover Page	N/A

Bruce Anderson	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Donald Anthony	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Robert Bass	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Dennis Carlson	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page	N/A

Curt Eischens	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Steve Fritel (and Barb Fritel)	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Page 10 of 15

CHS Inc. — Schedule 13D

Item 5 — Interest in Securities of the Issuer


Name	(a)	(b)	(c)	(d)	(e)
Robert Grabarski	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page	N/A

Jerry Hasnedl	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

David Kayser	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

James Kile	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Randy Knecht	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Michael Mulcahey	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Richard Owen	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Steve Riegel	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Daniel Schurr	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Duane Stenzel	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Michael Toelle	See No. 11 and 13 on	See Nos. 7-10 on	N/A	N/A	N/A
(Director)	Cover Page	Cover Page

Page 11 of 15

CHS Inc. — Schedule 13D

Item 6 — Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer


Name		Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
CHS Inc. (Reporting Person)		(a) Shareholder’s Agreement dated December 20, 2006 between CHS Inc. and Issuer, which contains certain standstill restrictions restricting the amount of stock a shareholder may purchase. The agreement also (i) restricts the transfer of stock to anybody who would beneficially own in excess of 5% of the Issuer’s common stock; (ii) requires the signing shareholder to vote its shares to elect a majority of independent directors to the board; and (iii) provides certain demand and piggyback registration rights.

		(b) Subscription Agreement dated November 17, 2005 between CHS Inc. and Issuer, setting forth the terms and conditions of the purchase by CHS Inc. of 35,000,000 shares of Issuer’s Class A Common Stock.

		(c) Stock Purchase Agreement dated March 8, 2006 between CHS Inc. and Issuer, setting forth the terms and conditions of the purchase by CHS Inc. of 17,500,000 shares of Issuer’s Class A Common Stock.

		(d) First Amended and Restated Share Purchase Agreement dated July 19, 2006 between CHS Inc. and Fagen Management LLC, setting forth the terms and conditions of the purchase by CHS Inc. of 2,000,000 shares of Issuer’s Class A Common Stock held by Fagen Management LLC.

		(e) First Amended and Restated Share Purchase Agreement dated July 19, 2006 between CHS Inc. and Global Ethanol, Inc., setting forth the terms and conditions of the purchase by CHS Inc. of 3,000,000 shares of Issuer’s Class A Common Stock held by Global Ethanol, Inc.

John D. Johnson (Executive Officer)		None

Jay D. Debertin (Executive Officer)		Issuer’s 2006 Stock Incentive Plan.

Patrick M. Kluempke (Executive Officer)		None

Thomas D. Larson (Executive Officer)		None

Mark L. Palmquist (Executive Officer)		None

Page 12 of 15

CHS Inc. — Schedule 13D

Item 6 — Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer


Name		Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
John Schmitz (Executive Officer)		None

Leon Westbrock (Executive Officer)		None

Bruce Anderson (Director)		None

Donald Anthony (Director)		None

Robert Bass (Director)		None

Dennis Carlson (Director)		None

Curt Eischens (Director)		None

Steve Fritel (and Barb Fritel) (Director)		None

Robert Grabarski (Director)		None

Jerry Hasnedl (Director)		None

David Kayser (Director)		None

James Kile (Director)		None

Randy Knecht (Director)		None

Michael Mulcahey (Director)		None

Page 13 of 15

CHS Inc. — Schedule 13D

Item 6 — Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer


Name		Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Richard Owen (Director)		None

Steve Riegel (Director)		None

Daniel Schurr (Director)		None

Duane Stenzel (Director)		None

Michael Toelle (Director)		None

Page 14 of 15

CHS Inc. — Schedule 13D

Item 7 — Material to be Filed as Exhibits

None

Page 15 of 15

US BioEnergy CORP SC 13D/A