Interest rates: As a preferred stock, CHSCP's price is sensitive to changes in interest rates. The 'Higher for Longer' rates policy from central banks tends to make existing fixed-income securities with lower yields less attractive, potentially putting downward pressure on CHSCP's market price, although its fixed dividend provides income stability.

Inflation: US inflation at 3.3% driven by factors like the Iran War escalation can impact CHS Inc.'s operational costs in its agribusiness and energy segments, such as for crop nutrients, fuel, and labor. While CHSCP's dividend is fixed, sustained high inflation could indirectly affect the company's financial health, which in turn influences investor perception of the preferred stock's security.

Oil Price Volatility: CHS Inc. has a significant energy segment, including petroleum refineries and distribution of fuels. The Strait of Hormuz closure and Iran War escalation contribute to oil price volatility and sustained high oil prices. This directly impacts the company's energy business, affecting both its revenues and costs.